The Benefits
End-to-End Monitoring, Tracking and Reporting
Once source documents and tax returns are sent to Xpitax, XCM sets and monitors every step of the tax preparation process, from receipt of a taxpayer's information to mailing of the completed return. With the XCM browser, dynamic tracking of each step in the process is literally at your fingertips. This level of control gives you peace of mind, but more importantly, allows you to communicate more knowledgeably and efficiently with your clients about the progress of their returns.
XCM also features simple-to-use tracking and monitoring options that provide precisely the information you need exactly when and how you need it. First, your XCM home page tracks all of your daily activities, providing instant, up-to-the-minute access to the progress and status of your firm's returns. For those who want full
custom reporting capabilities, XCM also allows you to create a myriad of field options and to sort by virtually any criteria, including: by taxpayer, tax responsible person, preparer, days elapsed, and status of return.
Taxation Expertise
The workforce in India is highly qualified to prepare individual tax returns. Our overseas professionals are Chartered Accountants and accounting college graduates pursuing chartered accountancy licenses. They are trained in US-based
tax law and the most commonly used tax preparation software programs, including ProSystem fx, UltraTax, Lacerte and Pro Series.
Predictable Turnaround
Using Xpitax, tax returns on average, will be prepared and returned with review notes within 12-36 hours of submission. The difference in time zones contributes to this quick turnaround because India is 10 hours ahead of the US. While
we sleep, they work.
Cost Savings
Outsourcing returns to India allows CPAs to realize the advantages of both a significant pay scale difference and favorable exchange rates. Outsourcing returns through Xpitax usually results in 30% to 50% cost reductions.
Reduced Overhead
Firms hire employees during the busy season to cover the workload, but then find that these same employees sit underutilized during the summer months, resulting in diminished profits. Outsourcing returns, allows firms to meet workload
demands during busy season without adding staff that will sit idle during the slower months.
Workload Management
Most CPA firms prioritize corporate tax return preparation up through March 15th, resulting in a stockpile of individual returns that make the last month of tax season predictably chaotic. The Xpitax Workflow Process allows CPAs to truly manage the tax season workload. Outsourcing individual returns as they come in alleviates the end of season "crunch," allowing you to more efficiently process a greater quantity of returns. The Xpitax solution reduces busy season "burnout" and churn, increases customer satisfaction and most importantly, optimizes firm profitability.