7 Advantages To Early Outsourced Tax Prep For CPA Firms

You can put your CPA firm in a much stronger position when tax season swings around, by choosing to outsource the bulk of your tax preparation, well in advance.

By doing so, you get not only to alleviate the stress felt by everybody on your team at this time of the year, but you can also give yourself a strategic advantage. By giving outsourced professionals in countries like India, the time to scrutinize client tax returns without the pressure of a deadline looming up, you can help reduce errors, and increase client satisfaction.

Here are 7 advantages to early tax prep outsourcing for CPA firms:

1. Quick returns for quicker approvals

CPAs who engage with outsourced accounting partners early on, can reap the rewards of smoother, swifter turnarounds. Setting you and your clients up for smoother sailing come tax season, advanced tax prep gives your clients plenty of time to review their financials and strategize fiscally.

2. Gain access to expert insights

With early outsourced partner engagement, CPAs can take advantage of the service providers wealth of knowledge related to the industry as a whole, and ensure that they’re always up-to-date with the latest tax practices, protocols, and IRS regulations. Avoiding fines when tax rules aren’t adhered to, is paramount if a CPA is to be taken seriously by their clients, and with a third party provider relationship that extends beyond the mad rush of tax season or year-end, you can ensure you’re compliant at all times.

3. Cut costs

There are typically premium costs for last-minute services, and let’s face it, if you need the help of an outsourced tax prep partner and deadlines are looming, you’re going to pay whatever it takes to make sure your clients’ returns are filed accurately, and on time. Scheduling assistance with tax prep in the months leading up to tax season, can cost you a lot less, and help your CPA firm better manage its finances overall.

4. Enhance client trust and satisfaction

Nothing screams efficiency more than a CPA who refuses to be let deadlines slip away from them, and by engaging with tax prep outsourcers in advance, you can demonstrate to your clients that you value their needs, and will do anything to ensure that they are always met, irrespective of the season and the workload.

5. Helps you plan for the unexpected

By distributing the tax workload over a longer period, you don’t only get the opportunity to produce higher quality results for clients, but you also get to give yourself a buffer against anything unexpected that might take place. Advanced tax prep outsourcing enables CPAs to tackle tax season with confidence, safe in the knowledge that whatever might happen, you’re ready for it!

6. Gain access to cutting edge tech

With many more outsourced service providers using the latest technology nowadays, such as automation and sophisticated software, you can reap all the benefits of a streamlined tax filing process and enhanced accuracy and security for longer, by outsourcing early.

7. Keep your team focused

Early outsourced tax preparation services frees up a lot of your teams’ time to focus on the business’s other core activities, such as strategic planning and client advisory; giving overall productivity a boost, and enhancing the quality of the service during busy times of the year.

Why not turn tax season into something you no longer dread, and not just by outsourcing your requirements, but doing so early on?

Early tax prep outsourcing helps you set the tone for a tax season that you already know will be a breeze, and your clients will thank you for it.