Four aspects of offshore accounting services not to miss

08 November 2018

Discussing tax season preparations early is always beneficial, allowing you to meet critical deadlines without the last-minute rush. One essential strategy to ensure a less stressful tax season is to make sure your CPA firm is well-prepared ahead of time. This proactive approach helps avoid unnecessary pressure and stress as deadlines approach.

But how can you ensure that? By opting for tax preparation outsourcing services. That’s correct. Time after time, we have shared the benefits of accounting outsourcing during this busy period, and well, now is the time to do it all over again!

Imagine if someone could do all the hard work for you without relying on your human resources or technology. Outsourcing will enable you to focus on high-revenue-generating functions like budgets, forecasts, and audits in your CPA firm.

To help you get a clearer perspective on offshore accounting services, let us discuss four aspects most crucial to the process:

1) People

One of the primary reasons why people outsource is to gain access to a large talent pool. A qualified offshore accounting services provider should be ever ready to start work in any function for your CPA firm. QXAS has a thorough recruitment process that involves:

• Utilizing appropriate sourcing channels such as internal seeding, job portals, advertisements, referrals and consultants
• Conducting an operations assessment to verify the candidate is qualified to take on accounting tasks and is fluent in English.
• Establishing candidate expectations, including responsibilities and expected salary
• Doing a background and reference check before rolling out the offer letter.

Once the candidate is recruited, he or she undergoes software and process training so that no time is wasted to join a particular client of QXAS.

2) Process

A qualified offshore accounting services provider should have a set process for a smooth transition of information and tasks. During the tax season, our tax outsourcing services sell like hot cupcakes.

Since all tax returns-related jobs are time-driven and require extreme precision, we offer a simple five-step process:

• The client allows us to log in to their system using secure software remotely
• We record the data and process the tax returns.
• The client reviews the tax return for completeness and provides feedback
• We implement the changes and notify you when the tax return is ready for inspection
• The client confirms. We then provide a final PDF report of the tax return.

3) Communication

With our delivery centres in India, you may think it is difficult to have open lines of communication at all times. We disagree! QXAS works 24/7 and is always available for a quick chat should you have a query at any hour of the day.

4) Security

A qualified offshore accounting services provider will never take data security lightly. After all, financial information is sensitive by nature. QXAS understands that exchanging confidential information via emails or any other digital channel can be risky.

Since we are committed to ensuring the client data remains safe with us, we use a 256-bit SSL-encrypted client portal. We provide this facility to our clients to allow them to share confidential accounting information with the QXAS U.S. team. Learn more about our security measures.

Endnotes

With excellent knowledge of tax documentation and software such as Intuit QuickBooks, Xero, and TaxACT, you can be assured of quality and error-free output.

Ketan Umretiya

Don't forget to share this post!