We are always doubtful about handing over our work to someone else which happens for many reasons, ability, deadlines, accuracy, quality, etc. Thus, small entrepreneurs are often very skeptical about outsourcing their tax preparation services.
Today’s blog is all about busting the myths that you may have heard about outsourcing taxation work:
1) Loss of control over finances:
Many CPA firms feel that outsourcing tax preparation will result in loss of control. However, that may not be the case. There are a process and a system that is built around tax preparation which will ensure adequate control. If you follow the process diligently, there will be no loss of control.
2) Information security:
There are various security measures in place that your outsourcing partner would take to maintain the highest level of security for your information. Yes, there is always a risk in everything; even the in-house tax preparation isn’t safe! But you can always ensure maximum security at your end.
3) Only for large firms:
It’s a common misconception that outsourcing for tax preparation works only for large firms. That is not the case, in-fact large firms can afford to do it in-house. However, they too gain by outsourcing.
