Outsource TAX PREPARATION

Outsourcing With Taxfyle

Digitally transform your firm and free up partner and staff time. With Taxfyle, you can increase your job capacity and margins through our real-time, domestic work-routing platform. We'll connect you to a network of 3,600 US-based CPAs and EAs that are ready to be plugged into your firm without any upfront cost.

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The world's best companies who rely on Taxfyle

DomesTIC Outsourcing WITH TAXFYLE

Platform Benefits

Taxfyle is powered by professionals capable of preparing the simplest to the most complex returns, all at unbeatable prices.

Licensed Professionals

Our entire network of professionals is composed exclusively of licensed CPAs and IRS enrolled agents.

Upfront Quotes

We provide immediate pricing based on the responses you provide, making budgeting a breeze.

Specialized Routing

Our platform routes your jobs to professionals that specialize in the type of work you need.

Ultimate Flexibility

Submit one job or a thousand, the choice is yours. Manage each job through our fully encrypted portals and work in real time with your paired professional as necessary.

TAXFYLE’S FIRM MANAGEMENT PLATFORM

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Whether you’re self-employed, an online store, or building the next tech-giant, our experts make it easy to get your business underway.

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By the Numbers

We provide proven results through a network of vetted, hand picked, CPAs and IRS Enrolled Agents.

4.8

Average pro rating

71%

Percentage of jobs picked up in under two minutes

5,000+

Customers served

PREMIER CLIENT SERVICES

Security & Data Protection

With Taxfyle's Premier Client Services, all information is encrypted at rest and in transit. Our database maintains SOC 2 compliant controls with data security, information policy, and compliance requirements all managed by the platform.

Additional security features such as Touch ID and Anomaly Detection safeguard workers and customers alike.

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At Taxfyle, your security is our priority. We maintain the highest standards in data security with consistent testing and quality assurance.

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Frequently Asked Questions & Resources

FAQ & Tax Prep Resources

Why should I outsource my firm’s tax preparation?

Tax preparation outsourcing makes sense for a variety of reasons:

• Avoid burning out your staff with late hours and impossible workloads.
• Free up your most valuable staff to go after value-added work.
• Gain access to more personnel without incurring hiring costs or taking on permanent overhead.
• Flexibility to scale your operations on a moment’s notice.

Who’s preparing the returns that I’ve outsourced?

All Pros are licensed CPAs or EAs that are based in the US. They vary in experience and specialty, but on average, they have approximately 15 years of experience. Our matching algorithm makes sure that your job is picked up by a Pro with the right experience to get the job done correctly.

Who files the tax returns that I’ve outsourced?

You are fully responsible for reviewing and filing the tax returns that are prepared by your outsourced resources. Once your Pro has completed the return, you will use your EFIN and PTIN to file the return as the paid preparer.

How do I know that my tax pros are actually licensed by their state or by the IRS?

Taxfyle's employees verify the status of each Pro to make sure that their license is valid and in good standing. Taxfyle uses CPA Verify to verify each CPA that is in our network as well as the IRS's publicly available list of EAs to verify their statuses.

Everything you need to know about outsourced tax services

As a busy business owner, you wear many hats. At the beginning, you may be the product designer, salesman, receptionist, and accountant. But as your business grows, it will become harder to handle all of these responsibilities.

Plus, you should be able to enjoy managing your products or services and employees rather than being buried in the books for the business.It’s nice to keep your expenses and record keeping close to home, but eventually, you’ll need to outsource it to an accounting firm or individual so that you can focus your efforts on other aspects of the business.When you’re ready to take that step, here are a few things you should know.

Outsourced Tax Services Explained
Outsourcing is a useful tool for any business owner seeking to keep costs low while maximizing the efficiency of a business. Outsourcing is often associated with overseas workers taking over a responsibility in an office, and while that is true in some cases, there are also many ways to outsource a little closer to home.

Outsourced accounting is usually used when a business grows beyond the scale of a startup, and the business owners need a trustworthy resource to keep their books in shape. It’s part of scaling up because as much as you would like to be everywhere, you have limits on time and abilities.

You might also have limits on how much you can spend on a bookkeeper or accountant, and hiring an internal accounting department might be outside your budget.This is where outsourcing begins. You’ll find a local accounting firm or remote accounting team with an excellent reputation and reviews, and hire them to organize your finances. Their financial intelligence can be tapped any time you need information about your company’s expenses, taxes, and more.

In today’s world of modern technology, one of the best resources for outsourced accounting is a cloud-based accounting firm. Such a company will update your financial records in real-time so you can check them whenever you need. They’re also constantly available in this type of service, making it easy to connect when needed.Leaving it up to a professional under your supervision is a great way to maximize your resources, cut costs, and relegate your talents elsewhere.

8 Benefits of Outsourced Tax Services
With the above discussion, you can already identify some benefits of outsourced accounting already. But to give you a more tangible view of the benefits, let’s take a closer look at why outsourcing your accounting services is so beneficial.

1. Access to Financial Professionals
As you work to grow your business, it’s incredibly useful to have a financial professional you can call at any time. Whether you’re checking on your budget or trying to understand scalable numbers, your financial expert can provide the answers.

The benefit here is that your outsourced accounting firm is devoted to you as a client. They’ll take your call anytime and will work with you to get you the best solution. It’s worth every penny.

2. They Do It All
Outsourcing your accounting needs usually means that you’re getting a comprehensive service. They’ll know how to handle more than your average bookkeeper, meaning they’ll cover billing, collections, deposits, payroll, account reconciliation, sales taxes, basic financial statements, and even your end-of-the-year taxes.

Most importantly, they’ll ensure your books are up to date, which is invaluable for many reasons. First, it helps you see real-time data and key performance indicators to help you grow your business. Second, it helps keep you organized during tax season. This part of the year is stressful for many businesses, but your organized books will make it a cinch for you.

3. More Time to Focus on Your Business Core
The business owner should not be spending hours reconciling accounts or running financial reports. Your talents and time are much better served focusing on the core of your business, the things that make your business run. It’s hard to think of innovative ideas and move in the direction of positive growth when you’re bogged down by paperwork.

4. It’s Cheaper Than an Internal Accounting Department
As any good accountant can tell you, it's expensive to hire someone in house. Sometimes, an internal department is the more efficient option if you’re a large business with heavy demands. However, most small to mid-size businesses would be wasting precious funds on internal accounting that can be hired out.

Outsourced accounting services are only as expensive as the flat fee or hourly rate. You don’t have to pay benefits, vacation time, time and a half, or other fees that are associated with internal employees. Cloud-based accounting departments are even more financially friendly. Overall, it’s significantly cheaper for mid-size or smaller businesses to hire out.

5. Actionable Financial Intelligence at Your Fingertips
Much like you would have with an in-house accounting department, you’ll have all the financial data and intelligence you need right at your fingertips.

You won’t have to calculate all the numbers because it’s available whenever you need.This is best achieved with a cloud-based accounting firm because you can access your accountant and many of your records in the cloud. It’s updated in real-time, so you’re never waiting on new reports.

6. Greater Efficiencies at Work
Imagine the possibilities when you’re not waiting on financial reports from members of your staff that are already wearing too many hats. People will be able to focus on their jobs and do them to the best of their abilities.More importantly, you’ll be able to ask for automated processes.

A professional accounting company will be able to design and optimize an accounting software program in order to implement automation and fast financial reporting capabilities. This gives you the information when you need it, so you can use that information as you see fit in business operations.

7. Easier Decision-Making
Since you have financial intelligence at your fingertips, you have the ability to make decisions on the fly. You’ll understand essential concepts like the right prices for your employees, the most profitable clients, when you need to hire more employees, if you can afford to give out bonuses, where you should be spending your marketing dollars, and much more.

These questions delay many business owners in making informed and profitable decisions, but when you’ve outsourced your accounting needs, that won’t be a concern.

8. Lower Risk, Greater Reward
There are many risks with doing your own accounts, namely that you might make a mistake that could be detrimental to the company. In some cases, the mistake could be construed as fraud.You need trained accountants who understand risk and how to avoid it for your company.

By sending your books out to a reliable firm, you provide greater transparency and accuracy in all your workflows. You’ll have the peace of mind knowing that you’re getting the most accurate and trustworthy financial records possible

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