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Tax Preparation and Tax Processing Services by Outsource2india

Tax Processing Services We Offer?

We offer tax preparation services for the following:

  • Form 1040 - For individuals
  • Form 1065 - For Partnerships
  • Form 1120 - For Companies and Corporations

We have experience in both individual tax preparation services and business tax preparation services.

We will examine your balance sheets, interpret and classify each item on it. We will also classify and interpret P/L items, and interpret the taxability and treatment of various accounts. We can also provide sales tax liability services. Read about Outsourcing Taxation Services to Outsource2india.

O2I’s tax preparation services

Individuals Individuals
Fiduciaries Fiduciaries
Corporation Corporation
Non profit, estates & gift tax Non profit, estates & gift tax
Partnerships Partnerships

Tax Preparation Services for Federal and State Tax Returns

FEDERAL

  • Individual Income Taxes
  • ‘C’ Corporation Income Taxes
  • ‘S’ Corporation Income Taxes
  • Partnership Income Taxes
  • Fiduciary Income Taxes
  • Non-Profit Corporation Taxes
  • Heavy Equipment Use Taxes

STATE

  • Individual Income Taxes (for all states)
  • Corporation Income Taxes
  • Partnership Income Taxes
  • Intangible Taxes
  • Tangible Taxes
  • Charter/Franchise Taxes

How Does Our Tax Preparation And Tax Processing Outsourcing Process Works?

  1. It starts with sending us scanned documents. We will supply you with our standard format to send the relevant and required data either in the form of PDF files, mdi or e fax messenger. Once the tax information images are received, trained tax professionals at our offshore processing facility will data enter the information into our tax software or the tax software of your choice

  2. After data entry, the tax return is audited to verify that all the information received has been correctly entered and accounted for

  3. Next, the returns are transmitted using the ASP/FTP to your firm for review. You'll receive complete returns, including any questions or comments the preparer thought necessary

  4. Once you have the return, your firm can review and finalize, plus add or delete any information as is necessary. We can then update the tax file and send you a final copy for income tax return filing

Cost Benefits of Outsourcing Tax Preparation Services and Tax Processing Services

Tax Returns / income tax return prepared by us or e-Filing of income tax return by us will cost up to 60% less than the average tax preparation cost currently incurred by a mainland firm. This cost reduction will not only ensure increased profit margins, but will also provide a significant marketing advantage for acquiring new customers. By outsourcing tax preparation services to India, you can save on costs by a considerable amount, and increase your profits.

Quality Management Processes we Follow

Quality at outsource2india is a key virtue as the metrics involved in measuring it are more to do with human capabilities of discerning a given piece of information. Our organization has institutionalized the fabric of QMS in its corporate culture. In the process of advocating a proactive QMS, the following phases are involved:

  1. Defining Quality, Quality policy, Quality assurance etc
  2. Analyzing / identifying and defining the attributes which are Critical to quality
  3. Defining Defect, opportunity and scenario ( CTQ linked)
  4. Laying down the quality initiatives to be taken
  5. Description of how the Quality Policy laid down is expected to travel along the process chain
  6. Laying down the reporting requirements of a QMS. (adherence reports, exception reports)

A quantifiable benchmark enables problems to be pinpointed and can assist in identifying ways and means of improving the process. It also encourages adoption of best practices in relationships with customers, suppliers and employees. Processes, products and organizational structure are geared towards ensuring that every delivery to the customers passes through our stringent quality measures.

Advantages of Stringent Quality Measurement Processes

  • Customers benefit as a result of fewer defects, reduction in turnaround time and improved delivery capabilities. These provide value-additions through improvement in the performance of the systems that have been outsourced, a reduction in the problems and failures, and improved stability
  • This results in high levels of customer satisfaction and repeat business from them. Implementing the processes trains both the organization and people to be methodical and process-driven
  • Introduction of best-of-breed industry practices and standards thereby improves delivery capability
  • Focus on quality leads to lower costs and improved efficiency within the organization
  • A well-coordinated workforce management ensures low overheads and quick ramp up of a flexible team size that can meet tight deadlines
  • Periodic training and upgrading of employee skills ensures state-of-the-art solutions as well as employee retention

Why Outsource Tax Preparation and Tax Processing Services to Outsource2india?

As mainland tax service costs increase, more and more accountants and companies are opting to outsource tax preparation services to help minimize operating costs and maximize efficiency and profits.

To meet this market demand, we at outsource2india provide customized tax preparation and tax processing services by using the best industry tax software like Drake, Lacerte, Turbo Tax, Ultra Tax or any tax software of your choice. At Outsource2india, we subscribe to online Finance and Accounting journals, in order to know the latest trends and changes in the financial industry.

Our tax preparation and tax processing service methodology provides CPAs and Tax service providers of almost any size with a great new way of handling their tax compliance workload and meeting filing timing deadlines. This cost-effective solution utilizes secure FTP technology, to move source document information from customers to our income tax processing facilities in India. This way, we handle the tax processing and tax preparation services of a tax department while you focus on improving your client relationship. We have considerable experience in US tax preparation and reporting. We use top of the line tax software and technology, such as, Intuit’s Lacerte, Creative Solutions’ Ultra-Tax, Intuit’s ProSeries, ATX and Drake.

Our streamlined training procedure ensures that our people are updated with the latest technology, software and workflow processes to enhance on-the-job efficiency for tax processing. We subscribe to online financial journals to stay abreast of the latest trends in global sourcing, Finance and Accounting Outsourcing (FAO), and best practices in global business. Our tie-ups with reputed CPAs abroad help to keep our finger on the pulse of global finance, what's on and what's coming, and sensitizes us to the special needs of international companies.

Our team of tax experts can also help you with quarterly tax filing services. Get in touch with us today for expert tax preparation services. Read more about the advantages of outsourcing Finance and Accounting Services to Outsource2india and outsourcing VAT return services to O2I. Also, find out how outsourcing financial reporting services to Outsource2india can help you take informed decisions about your future.

If you have any query related to advance income tax payment, income tax slabs, tax processing & preparation services, pricing, etc. feel free to contact us for detailed information, we will be glad to assist you.

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