Is outsourcing a fad or a new way of operating a CPA firm? Many CPAs have images of loss of control, quality concerns, and have difficulty understanding how someone thousands of miles away can more effectively prepare
returns. Outsourcing is for CPAs who are looking for more than data input. It is for firms that expect a better final product at a lower cost then if they did the work themselves. It is for firms that want a better quality of
life, the opportunity to grow their practices, and the ability to better utilize permanent staff. This newsletter is intended to help educate CPAs on the process of outsourcing, the risks and benefits, and the latest industry
developments. Read Full Article >>
Firms hire to staffing levels required to service busy season demands. Most firms hold on to professionals for the entire year because rehiring and retraining is too costly. As result, cash reserves accumulated
during tax season are spent to cover fixed personnel expenses during slower periods. How much “off-season” work a firm can generate dictates the amount of tax season revenues needed to fund down time. Read
Full Article >>
Legal and Ethical Considerations
Regarding Outsourcing
In response to several AICPA member inquiries regarding the legal and ethical issues associated with outsourcing, the AICPA Professional Ethics Executive Committee (PEEC) formed a task force to consider outsourcing
issues and make recommendations for the CPA profession. A paper was posted on the AICPA web site discussing the key outsourcing issues: AICPA ethical standards, the Gramm-Leach-Bliley Act privacy provisions and
relevant Internal Revenue Code provisions (Download a PDF). Read Full
Article >>
To learn more about outsourcing or sign up for a live demo or webinar, please call 781-303-0136 or send an e-mail to info@xpitax.com.
