Offshoring in Accounting
- Jerrod Aud
- Aug 25, 2023
- 3 min read
Who Is Really Preparing Your Tax Return?
When most taxpayers hire a CPA firm or tax professional, they assume the person they're speaking with is also the person preparing or reviewing their tax return.
In today's accounting industry, that assumption is not always correct. As accounting firms continue to face staffing shortages and increasing workloads, many firms have turned to outsourcing and offshoring as a way to manage capacity. In some cases, portions of bookkeeping, payroll, tax preparation, and administrative work may be performed by professionals located outside of the United States.
Offshoring is not inherently good or bad. Many firms successfully use offshore professionals as part of their service model. However, we believe every taxpayer deserves to understand who is handling their financial information and how their tax return is being prepared.
Why This Matters
Your tax return contains some of your most sensitive personal and financial information.
It may include:
- Social Security numbers
- Bank account information
- Investment account information
- Business financial records- Payroll records
- Dependent information
- Retirement account information
When selecting a tax professional, understanding who has access to this information is an important part of making an informed decision.
Questions Every Taxpayer Should Ask:
Who actually prepares my tax return? The person you meet with may not be the individual performing the work.
Is any portion of my work outsourced or offshored? There is nothing wrong with asking how a firm's preparation process works.
Who reviews my return before filing? Understanding the review process can provide valuable insight into a firm's quality control procedures.
How is my information protected? Every firm should be able to explain its security procedures and safeguards.
At Rangeview Tax & Accounting, we believe relationships matter. We believe business owners and taxpayers should have confidence in who is handling their financial information and preparing their tax returns. When you work with Rangeview:
- You work directly with our team.
- We maintain oversight of the preparation process.
- We focus on personal relationships and accessibility.
- We prioritize clear communication throughout the year.
- We strive to understand your goals, not just your tax return.
Our clients are not simply names in a database. They are business owners, families, retirees, investors, and community members whom we have the privilege of serving. The Value of a Relationship-Based FirmTax preparation is more than data entry. We believe the best tax advice comes from professionals who know your story and are invested in your success.
We believe trust, accountability, and personal service still matter. If you're looking for a Colorado-based accounting firm that values relationships and proactive tax planning, we'd be honored to help. Contact us today to learn more about our services and approach.
Rangeview Tax & Accounting
We are committed to providing local service to our clients. At no point now, or in the future will we consider offshoring any of our services. It goes against our core value of providing impeccable personalized service. Chat with us today to see if we’re a good fit for you! I’d love a shot at your business!
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