Tax Return Preparation Services

Business Analysis & Consulting

Tax Return Preparation Services

CPA firms often spend too much time and resources after-tax returns preparation which generally results in low-profit margin work compared to high-end consulting. Dealing with the power packed tax season is one of the major challenges for CPA firms. They often engage in a race against time to comply with the deadlines using higher resources and also face the issue of lower utilization of resources during the low season.

We provide high quality tax return preparation services to SME’s, CPA firms and accounting firms to manage the work load during the heavy tax seasons. We at Glotaccys believe that we are the trusted knowledge partner for our clients since our expert tax team manages the tax return preparation work with the quickest turnaround time. We assist in preparation of federal tax returns and state tax returns along with the processing and final submission to the revenue authorities.

Why to use outsourced return preparation services?

Outsourcing of tax return preparation services can result in significant benefits to the organization:

  • Increase in the processing speed and the turnaround time
  • Significant reduction in the cost of in-house processing of tax returns.
  • By selecting us as your outsourcing partner for tax preparation services, you can free up your resources to focus on more important tasks, thereby benefiting from increased operational efficiency
  • Higher levels of the client satisfaction since the flexible teams are available as per the tight tax season deadlines

Our expert team provides provide Tax Preparation Outsourcing Services for the Following:

  • Individual: Form 1040, Form 1040NR, Form 1040A and Form 1040EZ
  • Partnership: Form No. 1065 
  • Corporation: Form 1120, Form 1120A and Form 1120S (for statutory corporations)
  • NGO: Form 990
  • Fiduciaries: Form 1041

Our experts will us various tax software for preparation of tax returns as per the client’s requirement. These include Intuit’s QuickBooks accounting software, Intuits Pro-Series, Intuit’s Lacerte, Drake, Creative Solutions’ Ultra-Tax, Turbo Tax, ATX and ProSystem fx ® Suite – CCH.

 

CPA Tax preparation Outsourcing FAQs

We keep on receiving the queries from our CPA with reference to the Tax Preparation Outsourcing Services. We tried to response some of the common questions which we received from CPA Partners and Accounting Firms working with us;

Outsourcing tax preparation services to Glotaccys is advantageous in many ways:

  • You can save over 50% of your administration and operation cost by outsourcing tax service to us
  • We ensure quickest possible turnaround time
  • You can focus on the expansion of your business and other core activities while tax preparation will be completely taken care of by us
  • Our team comprises of CPAs and other professionals who have expertise and knowledge in the field
  • You do not have to hire additional staff during year end and peak tax season which results in cost savings

Taxes must be prepared by a tax return preparer who is having specialization in tax return preparation for clients. So when you outsource your taxation to us, you are assured of services since someone having knowledge of latest laws will be taking care of your taxes.

We can take care of your annual federal and state taxes including individual, partnership and S Corporation return like Form 1040, 1065, 1120, 1099S, K-1’s W-2s, 1096, W-3 etc.

The turnaround time normally depends upon the volume of work, project complexity, urgency and type of work.

Generally we provide delivery of our services with a turnaround time of 16 to 24 working hours if the working is upto 8 hours. In some cases we have demonstrated the competence and delivered within one business day.

Data Confidentiality and Security of the clients data is of prime importance and we do all it takes to ensure the data security. The data is most important for any organisation and therefore, we value and respect the privacy and confidentiality of all the information that our clients share with us. Using high-level security systems, advanced technology and software, we provide complete security and data privacy to our clients. Moreover, the information transmitted from our end is completely encrypted and shared through secure channels over the internet.

The information and data that we receive is stored on the cloud-based software which is well-protected by firewalls and is hence secure. Once our team has prepared the returns, we get them reviewed from you and only after receiving your approval, we go ahead and e-file the returns or share them with your clients.