 |
In This Issue |
|
|
| Tax Season Evaluation |
|
|
|
 You survived another tax season! You’ve celebrated with your staff, gotten reacquainted with your family, and hopefully taken a well needed and much deserved vacation! Before tax season is a distant memory or just around the corner again, take a little time to figure out what worked and what needs to be fixed!
To get the best feedback, ask each department to discuss their experience this year. You can do this in group meetings or through an anonymous questionnaire. There are web-based companies such as Zoomerrang.com that offers free surveys that can assist you. However, face to face meetings usually produce the best feedback along with creative solutions.
Read Full Article >>
|
|
| Outsourcing Brings Value to Bookkeeping Services |
|
|
|
 As outsourcing completes its third year, more and more firms are jumping on the Bandwagon. Outsourcing has proven itself as a cost effective way to process individual tax returns while avoiding staffing issues. Approximately 98% of the work that has been outsourced in the last three years is made up of individual tax returns. Firms have realized that outsourcing provides them an avenue to leverage their existing staff to do higher value work. Every year firms increase their comfort level with such issues as security, control and quality.
As we look forward, the next waive of outsourcing is bookkeeping. Bookkeeping by its very nature has the same issues that make outsourcing individual tax returns a necessity. Bookkeeping tends to be low gross profit margin work and it is virtually impossible to find qualified bookkeepers. There are a number of firms (including my own firm, KAF Financial Group) that decided long ago to give up their bookkeeping practices. KAF found that they were making little or no profit on their bookkeeping engagements. And with the advent of QuickBooks, clients often felt that they could do their own bookkeeping, until they received our year-end bills to clean up their mistakes!
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.
Webinar Schedule: Wednesday’s at 1pm EST
Click here to register |
|
|
|
Quick Links
|
|
|
|
