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- Streamlining Tax Preparation For A Cpa Firm
Overview
- Client is one of the first CPA and accounting firms in Edmond, Oklahoma offering financial services to customers
- GAC was tasked with streamlining the client’s taxation processes to handle voluminous workloads error-free with speed and accuracy
- We reduced workload and increased accuracy and productivity by assigning experienced tax associates and using proof files to boost the overall capabilities of the US taxation team
The Story of Our Customer
Our client is highly reputable and one of the first CPA and accounting firms located in Edmond. They have been pioneers in the industry, offering a comprehensive range of financial services to both businesses and individuals. Their primary goal is to help their clients minimize taxes while providing top-notch accounting, tax, and financial services.
The Challenge
The client, being one of the largest CPA firms handling taxation, had a significant workload when it came to tax return preparation. This workload was not only time-consuming but also prone to errors, which could lead to legal and financial consequences.
The client needed assistance in minimizing their workload and ensuring speedy tax return preparation without any errors. This challenge required a solution that would streamline the tax return preparation process while maintaining accuracy and compliance with tax laws and regulations.
Why the Customer Chose Us?
Owing to the global footprint of Global Accounting Corp (GAC), the client approached us through our website. The main motive for choosing GAC was our steady track record in providing reliable outsourced accounting and taxation services to top-tier CPA and accounting firms in the US and North America.
The Solution
As their trusted assistant, we assist them in minimizing taxes for their clients by providing tax return preparation services. We implemented the required technology, process and staff to handle tax preparation and accounting tasks to deploy a robust solution for the client.
This includes:
- Software and portals: We provide them with Ultra tax software and several checklists that have been created in accordance with the specifications given.
- Staffing: Two taxation associates are handling the task in a methodical manner and according to the client's directions. To make sure there is no communication lapse, the team follows up with the customer on a daily basis via emails and also schedules monthly conversations with the client.
- Procedure: After producing the simple tax returns, we handle the complex tax returns that the customer has given us, including the creation of several schedules and overseas reporting. In order to act as a checklist for preparing and checking returns, we have utilized a few templates in a particular Excel format.
The Result
The client assigned multiple tax returns to us on a daily basis with a turnaround time of 1-2 days. The returns included complex ones that required extensive research and review before delivering the final output to the client.
The results were a reduced turnaround time on every file received, and a more stringent quality check to minimize taxes on their customers while boosting the productivity of the taxation team. Our services completely revamped their tax preparation process and helped them achieve accurate and timely filings.
- Our efforts resulted in reducing the client's workload and enabling them to finalize the returns much faster.
- We assigned two experienced tax associates to the task, ensuring timely delivery of the required output.
- By using proof files, we were able to increase accuracy levels to 99% and reduce errors, thereby increasing productivity.
- Over the years, we have been able to meet the client's expectations, resulting in a long-standing relationship of over 10 years.
Streamline Tax Preparation and Handle Voluminous Workloads with Ease
At Global Accounting Corp (GAC), we understand the importance of clear communication with our clients, which is why we follow up with them on a daily basis through emails and set up monthly calls to ensure that there are no gaps in communication.
Our services cover everything from simple tax returns to complex ones that involve multiple schedule preparations and foreign reporting.
With our expertise and attention to detail, you are assured that your tax returns will be handled efficiently and accurately. Let us take care of your tax preparation needs so that you can focus on what matters most – growing your business.
Contact us now to schedule a consultation with our US taxation experts.
What Our Client Said?
“Your company services completely revamped our tax preparation process and helped us achieve the goal of accurate and timely filings.”
- US Taxation CPA and Accounting Firm, Edmond, Oklahoma
1-855-924-0830
general.info@globalaccountingcorp.com
