Xpitax Outsourcing Solutions
Xpitax provides four distinct outsourcing services:
- Tax Return Preparation. Many firms battle time constraints during the busy season and struggle with low utilization in the off-season. Xpitax's trained Chartered Accountants can be used to prepare returns while your in-house staff focuses on return review, audit or other service functions. We can prepare corporate, partnership, fiduciary and individual tax returns. Xpitax professionals are trained to prepare high quality returns that are on par with what your firm would produce. You don't have to change to fit our process. Outsourcing helps stabilize otherwise volatile staffing constraints by enabling firms to better utilize staff throughout the year.
- Individual Tax Returns
- Corporate Tax Returns
- Partnership Tax Returns
- Fiduciary Tax Returns
- Financial Analysis Report. Our professionals will take four years of your client's financial data and generate a Financial Statement Analysis Report. This report analyzes various data ratios, identifies trends, and highlights areas of opportunity that will help drive consulting sales. The output is generated in graphs for easy presentation to clients. Our Financial Analysis Services add value by stimulating off-season advisory engagements. Reporting can be done annually or quarterly. Sample Report
- Bookkeeping. A simple scanner and Internet connection are all you need to simplify your clients' bookkeeping and accounting functions. The Xpitax bookkeeper will record client data into the general ledger,
make adjusting entries and prepare and send completed financial statements. Please call for more details.
- Workpaper Conversion and Year Ending Accounting Work. Xpitax offers audit and trial balance conversions and annual/quarterly roll-forward service using ProSystem fx Engagement and Creative Solutions - Engagement and Trial Balance software products. These engagement software products dramatically increase productivity once a CPA firm adopts the new software. However the traditional conversion onto the software platform is cumbersome and time consuming, often taking two full years to convert all of your clients.
Xpitax's trained professionals can convert your files and financial statements in a matter of weeks, not months or years. At year end, we can help roll over the binder and perform all the pre-field work procedures within the software engagement binder. We will input the client trial balance, complete the financial analysis, calculate depreciation, proforma the financial statement and return the completed engagement binder to you. All that is required of staff is to download the binder onto their laptops and complete the field work procedures. This unique service allows firms to take full advantage of a paperless workpaper package by speeding up the rollout process, standardizing financial statements and workpapers, and doing it effectively and efficiently.