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Topics: Tax, Tax outsourcing, Tax preparation, Tax preparation outsourcing

Tax Preparation Services For CPAs: How Outsourcing Can Cut Costs By Up To 50%

3 MIN READ | Posted on August 12, 2022
Written By Divya Ramaswamy

Tax Preparation Services For CPAs: How Outsourcing Can Cut Costs By Up To 50%

Although CPAs are busy throughout the year, they are swamped during the tax season. With heaps of tax preparation work coming their way, they need to be armed with skilled tax preparers quickly. Tax preparation services for CPAs might cost way more than anticipated.

Hiring talents who are experts in tax preparation can cost you a lot as they are in great demand, especially during the busy tax season. There are chances that CPAs and firms who prepare well in advance got them onboard already. In addition, you have the infrastructure costs, software upgrade charges, etc. You could be spending 25-50% more than what it might generally cost you.

Outsourcing is the best solution to solve your staffing problems alongside saving you a lot of money. In fact, recent statistics point out that cost reduction is the top reason for outsourcing (70%). Without a doubt, making maximum profits are any business’s primary goals, and it must do all it takes to ensure that. The fierce competition amongst accounting firms in the U.S. and the premium cost of hiring trained accountants have led many of them to outsource tax preparation.

CPA firms can save a lot of money and make profits given how cost-effective tax return preparation outsourcing is. In fact, they can save more than 50% of the costs while getting access to experts trained in U.S. Tax preparation.


Partnering with outsourced tax preparation service providers is a simple, straightforward way to solve talent shortage, ensure compliance, and, more importantly, cut costs and boost profitability. Let’s find out how much a CPA firm can save by outsourcing tax preparation.


The most significant advantage of outsourcing is cost arbitrage, especially when you outsource tax preparation services to countries like India. According to Indeed, the average salary of an in-house tax preparer is $4019 + other benefits like health insurance, 401 (k), etc. At the same time, your outsourced tax preparer will charge hardly $2000- $2750. Not only can you cut costs dramatically but also the other expenses such as bonuses, health benefits, holiday cover, etc. You can easily save up to 50% of these costs when you outsource tax preparation.


Outsourced service providers let you interview and onboard candidates of your preference who will work as an integral part of your team and, more importantly, per your time zone. The time zone difference is an added advantage when outsourcing to countries like India. For instance, if You assign tasks at the end of the day, the work will be delivered the following morning itself. With expert tax preparers handling your firm’s requirements, you can utilize the time to focus on growth-generating activities.


Tax Preparation Services for CPAs outsourced from companies based in competitive markets like India focus on possessing the best infrastructure for their employees. Be it the software, training the employees, or innovation, you name it, your CPA firm will benefit from all these facilities when you choose to outsource tax preparation. Outsourced tax preparations are not only cost-effective but also better!


Tax preparation services for CPAs give you a massive advantage in staying ahead of your competitors. Whether you are understaffed, your staff lacks the skills & expertise, or your accounting firm does not have the service in its repertoire, outsourcing tax preparation enhances your firm’s service portfolio. Not only will that help satisfy your client requirements, but it also will, in turn, improve your client retention rates. Outsourcing will free up more time to explore new specialized service offerings to give you a competitive edge. Top accounting firms outsource tax preparation from service providers that establish cutting-edge communication, technology, and processes that guarantee zero friction.


Tax season can get hectic when trying to boost revenue by doing everything possible. Onboarding seasonal talent to help you with your firm’s outsourcing tasks could get challenging and cost you double. Cost savings is the most focused and crucial benefit of outsourcing tax preparation services.


Outsourcing tax preparation to QXAS services has helped this CPA firm achieve $99,000 cost savings. It is time for you to achieve affordable scalability and tremendous cost savings. You can save more than 50% when your strategic decision is to outsource tax preparation to QXAS.

Book a Consultation

We hope you enjoyed reading this blog. If you want our team to help you stay ahead of the tax season, and enhance your practice, mind, and profitability, just book a call.

Originally published Aug 12, 2022 02:08:44, updated Sep 15 2022

Topics: Tax, Tax outsourcing, Tax preparation, Tax preparation outsourcing

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