Tax Preparation Outsourcing
Outsource tax preparation services to save time, focus on strategic growth initiatives and client engagement, utilizing tailored tax solutions for CPA Firms and Tax preparers
Outsourcing Business Solutions- Your Tax Preparation Partner
Taxation can be a challenging process for business owners and taxpayers due to its complex nature and the need for meticulous adherence to regulations. Outsourcing can be a beneficial option as it allows you to leverage expertise from professionals who are well-versed in tax laws. This way, you can avoid inaccurate entries, late submissions and penalties, making taxation a lot less stressful.
Outsourcing Business Solutions (OBS) is a top-tier tax preparation outsourcing company, and stands out as an invaluable partner for all your taxation needs. We offer tailored tax outsourcing services to global organizations, CPA firms, and tax preparers, providing specialized support not only during tax season but also throughout the year.
Collaborating with OBS brings numerous benefits:
– Expertise and Specialization: OBS possesses a team of tax experts well-versed in diverse tax laws and regulations, ensuring accurate and compliant tax filings.
– Cost Efficiency: Outsourcing tax-related tasks to OBS can significantly reduce operational costs compared to maintaining an in-house team.
– Scalability: OBS offers scalable services, adapting to the varying needs and demands of different businesses during the tax season.
– Timeliness and Compliance: OBS ensures timely filing of taxes, reducing the risk of penalties or non-compliance issues for client organizations.
– Advanced Tools: We utilize advanced software to streamline processes, enhancing efficiency and accuracy in tax preparation and filing.
Outsource Tax Preparation Services For CPAs, Accounting Firms
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Security and Data Protection at OBS
At OBS, we guarantee the confidentiality of your data through the rigorous enforcement of the methods outlined below:
- Confidentiality Agreements: We strictly adhere to non-disclosure and non-compete agreements to maintain confidentiality.
- Physical Security Policies: We enforce a “No Paper, No Pen” policy on the floor. The use of mobile phones and USB cables is restricted to minimize the risk of unauthorized data transfer. Access to floors is limited to authorized personnel through biometric authentication.
- Secure Data Sharing Platforms: Data sharing is facilitated through Dropbox and SharePoint. Dropbox is preferred for its 128-bit encryption, ensuring data safety during transmission.
- Centralized Storage Servers: We have implemented centralized servers for secure data storage. Local servers have been eliminated to enhance data protection and access control.
Outsourced Tax Preparation Services
Outsourcing Business Solutions (OBS) offers comprehensive outsourced tax preparation services. Our tax experts can help you in preparing the following returns:
1099 Outsourcing Services
Outsourcing Business Solutions provides comprehensive 1099 outsourcing services. We have experience and expertise in different 1099 forms like 1099-MISC, 1099-NEC, 1099-INT, 1099-DIV, 1099-R, etc. Save your time by outsourcing 1099 preparation services to OBS and concentrate on year end financial and tax reporting. OBS takes pride in delivering accurate and high quality 1099 filing services, offering a flexible and competitive pricing structure.
1040 Preparation Outsourcing
Our experts help you in preparing the 1040 tax form. You send us the data and we send you back a fully prepared 1040 return. OBS provides outsourced tax preparation services for Form 1040, 1040A, 1040EZ, 1040NR. We are updated with the latest tax laws and ensure that your return is accurate.
1120 and 1120s Tax Preparation Outsourcing Services
Tax preparation outsourcing services for Form 1120 by C Corporation and Form 1120s for S Corporations is gaining popularity. Many CPA firms have outsourced the preparation of these returns to OBS. Our highly skilled experts sends back the filled up form to CPA firms. This is not only beneficial from cost and scalability perspective, but provides more time to our partners to grow their business.
Our Software Expertise
We take pride in our extensive software expertise, offering proficient support for various accounting software platforms. Our skilled team excels at navigating through a diverse range of accounting software, guaranteeing smooth integration and effective financial data management. With our broad knowledge and hands-on experience in tax return preparation, our experts effortlessly handle different software systems, providing personalized outsourcing solutions that match our clients’ unique software preferences and requirements.
Process of Tax Preparation
Step 1: Remote Login
The first step is for OBS staff to login remotely into the tax software that our client is using through a secure encrypted link.
Step 2: Scan the Documents
The next step is for the CPA firm’s staff to scan the documents, share the documents with us over a shared folder, and email us any specific instructions.
Step 3: Prepare the Return
The third step is to start working on the return and prepare the tax return.
Step 4: Review the return
The next step is for the CPA firm’s staff to scan the documents, share the documents with us over a shared folder, and email us any specific instructions.
Step 5: Findings
The tax preparer also shares the review notes, annotated source documents, tie-outs, and work papers with the onshore team.
Step 6: Feedback
Once the return is shared with the onshore team, we look forward to feedback from the CPA staff, and if any changes are needed, we get them done instantly.
Our Packages
Our tax preparation outsourcing services are designed with flexibility in mind. Choose from hourly, part-time, or full-time packages customized to your specific needs. Whether you’re looking for short-term support or long-term assistance, we have a solution that fits your business requirements.
HOURLY
Working Time Hourly Basis
Minimum billing of USD 300 per month
Starting from USD 10
Important Dates of Filing Tax Returns for FY 2024
| Type | Dates | Description |
| Individual Tax Filings | October 15, 2024 | Final due date for extended 2023 Individual Income Tax Returns for taxpayers residing in the US. |
| December 16, 2024 | Final due date for extended 2023 Individual Income Tax Returns for those living outside the US. | |
| April 15, 2025 | Initial due date for 2024 Individual Income Tax Returns and State Tax Returns for taxpayers residing in the US. | |
| Business Tax Filings | September 16, 2024 | Final due date for extended 2023 calendar year Corporate Income Tax Returns. |
| March 15, 2025 | Due date for 2024 calendar year Corporate Income Tax Returns. | |
| Employer Tax Filings | January, April, July, October 2025 | Quarterly estimated tax payments due for employers. |
| January 31, 2025 | Due date for filing Form W-2 and Form 1099. | |
| Excise Tax Filings | April 30, May 31, June 30, 2025 | Quarterly excise tax returns due. |
| Other Important Dates | January 31, 2025 | Fourth and final estimated tax payment due for 2024 (Individuals, Trusts, and Estates). |
Client's Testimonials
Jack, CEO
Their expert tax preparation services have not only saved us time and effort but also helped us uncover potential tax savings that we were unaware of. Highly recommended!
Kevin, CMO
OBS has made our tax preparation process hassle-free and efficient. Their team's expertise in tax laws has helped us optimize tax strategy and reduce our tax burden.
Jacob, Co-Founder
OBS has been a reliable and professional tax preparation service provider. Their team's expertise in tax laws has helped us optimize our tax strategy and reduce our tax burden. .
Rousy, Manager
Thanks to OBS, tax season is no longer a headache for our business. Their efficient and accurate tax preparation services have ensured that our tax returns are filed on time and without errors, allowing us to avoid costly penalties.
Ellie, Co-Founder
Outsourcing our tax preparation to OBS has been a smart decision. Their personalized approach, attention to detail, proactive tax planning have not only saved us money but also freed up our time to focus on growing our business.
Lucia, Manager
As an accounting firm, we've partnered with Outsource Business solutions for clients' tax preparation needs, and they've consistently delivered exceptional results.
Tax Preparation Services for Multiple Industries
Tax Preparation Client Success Stories
FAQs
Outsourcing tax preparation shouldn’t have a negative effect on your interactions with your clients. In fact, it can make them better. By outsourcing, you may provide your clients with tax services that are more precise and timely, thereby increasing client satisfaction. The knowledge and effectiveness of specialist tax professionals will benefit your clients, resulting in a higher level of service and a favorable experience. Transparency and cooperation are guaranteed throughout the process thanks to lines of communication between your company and the outsourced provider.
Outsourcing tax preparation does not imply a loss of monitoring or control. Reputable outsourcing companies are aware of how crucial it is to keep control and cooperate. They collaborate closely with your business and adhere to the agreed-upon procedures and practices. As part of the outsourcing contract, regular contact, status updates, and review cycles ensure transparency and give you the chance to keep control and supervision over the entire tax preparation process.
Take into account the qualifications and experience of the tax preparation outsourcing firm you choose. Look for companies that have a staff of certified tax experts who are knowledgeable about the pertinent tax rules and regulations. They should have a history of providing accurate and legal tax services as well as expertise working with CPA companies. To establish a solid and trustworthy alliance, it is also crucial to evaluate their technology infrastructure, data security protocols, and industry reputation.
A key component of outsourcing collaboration is communication. Regular and efficient communication is a top priority for reputable outsourcing companies throughout the tax preparation process. In order to give you immediate access to the assigned tax professionals for updates, inquiries, and collaboration, they establish clear channels of communication. To keep you updated on the status of your clients’ tax returns, you may anticipate prompt responses, progress reports, and status updates. This channel of communication helps to foster a strong working relationship and ensures flawless coordination between your business and the outsourced provider.
Our tax preparers are seasoned professionals with 15+ years of expertise in tax regulations and accounting practices. They maintain up-to-date knowledge of tax laws and undergo regular training to ensure accurate and compliant tax returns for businesses and CPA firms.
We adhere to stringent quality checks, utilize advanced software, and keep abreast of the latest tax regulations to ensure precise, high-quality work for every client.
Yes, many CPAs choose to outsource to specialized firms like ours to streamline processes, manage heavy workloads, and ensure high-quality tax preparation while focusing on core business operations.
Absolutely. OBS specializes in accurate and timely tax return preparation when outsourcing. Our experienced team has delivered top-notch results to 300+ global clients, ensuring meticulous attention to detail and adhering to strict timelines.