What is Outsourcing?
Outsourcing can be defined as "the strategic use of outside resources to perform activities traditionally handled by internal staff and resources."
Why should I outsource?
The key reasons why an organization should outsource are to: improve host company focus, gain access to world-class capabilities, free internal resources for other purposes, time management, and reduce fixed operating costs.
What are the advantages of outsourcing tax return preparation to IFR?
IFR offers our clients several advantages including:
Faster Turnaround, Improved Workflow, Superior Technology, Infrastructure, and Lower Costs.
How do you handle security concerns?
IFR goes to get great lengths to ensure the security of your data. All data is stored on our US based Verisign Certified server employing the latest encryption technology. IFR employees are bound by a non-disclosure agreement that requires complete confidentiality. Please ( Click here ) to see our comprehensive security procedures.
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How fast can IFR process and prepare my client's return?
Returns are processed within 48 hours. Faster options are available when necessary.
What kind of training do you provide to your employees?
The IFR team of chartered accountants has completed rigorous training and testing to provide you with only the most accurate and reliable information. Our extensive training program, developed and administered by US Based CPAs, ensures that everyone on the IFR team is proficient in:
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US tax law and theory, with an emphasis on Form 1040 tax preparation |
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Source document recognition and the use of tax preparation software |
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Quickbooks ® for write up services |
How do CPA's communicate with IFR's team of Chartered Accountants in India?
IFR has developed a sophisticated messaging system that sits behind IFR's secure server. IFR's messaging system allows the CPA the ability to communicate with the supervisors in India and send messages on a return by return basis. What disclosures are CPA firms required to make to their clients regarding outsourcing?
The new requirements state that AICPA members must inform their clients - preferably in writing and before providing confidential client information to the third-party service provider - that the firm will use a third-party service provider when providing professional services to the client. The new rules also clarify that AICPA members are responsible for all work performed by the service provider.
Please click here to see AICPA standards http://www.aicpa.org/download/ethics/2004_1028_outsourcing.pdf
For any additional information please reference www.aicpa.org
What are the requirements for AICPA members when using third-party service providers?
AICPA members using third-party service providers are required under the new rules to enter into a contractual agreement with the third-party service provider to maintain the confidentiality of the client's information, and to be reasonably assured that the third-party service provider has appropriate procedures in place to prevent the unauthorized release of confidential client information.
How are services priced?
IFR offers pay as you go pricing for tax preparation services which is based on the complexity of the return. Please contact IFR for detailed pricing information. sales@ifrworld.com
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