befree’s tax preparation outsourcing services are designed to alleviate the burden on CPAs, expertly handling the complexities of tax preparation with precision and efficiency.
Tax preparation is often a complex and time-consuming task for individuals, businesses, and CPA firms alike. At befree, we understand the unique challenges Certified Public Accountants (CPAs) face during tax season.
To address these challenges, we offer technology-driven tax services designed to ease the burden on CPAs. Our team of experienced tax professionals, well-versed in global tax standards, will work across different time zones to deliver accurate and efficient services. This allows your practice to thrive during the busy tax season while reducing the time and effort spent on tax-related tasks.
Our tax outsourcing solutions help CPAs streamline tax return preparation workflows with a dedicated team of tax specialists, resulting in significant time, cost, and resource savings. Equipped with comprehensive knowledge of evolving tax laws and regulations enforced by entities such as the IRS or the CRA, our tax experts guarantee accurate, compliant, and error-free tax filings.
We use advanced tax services software and technology to streamline the entire process, making it more accurate, efficient, and secure. We fully comply with GDPR and CCPA regulations and are committed to protecting client data—something that can be challenging for in-house tax departments.
We manage specific form filings with precision and accuracy, ensuring compliance while meeting various tax deadlines. Additionally, we generate detailed reports for client distribution or internal assessments.
Here’s an overview of the different types of tax returns we can assist you with through tax preparation outsourcing.
Proficient in managing Form 1065 for LLCs and partnerships, outsourced tax preparation specialists handle income allocation to partners, ensure the accurate preparation of Schedule K-1 forms, and maintain the proper carryforward of basis.
Skilled in corporation tax preparation for Form 1120 for C Corporations, our professionals handle books-to-tax adjustments, prepare Schedules M-1, M-2, and L, and provide assistance with Forms 5471 and 5472 for foreign reporting compliance.
Experienced in addressing the unique filing requirements of S Corporations, we handle Form 1120S preparation, related shareholder schedules, and assist in preparing workpapers and schedules, streamlining the review process for CPA firms.
When managing trust tax returns, we identify the trust type, evaluate its unique tax obligations, and ensure the accurate and compliant preparation of Form 1041 tax returns, including any necessary assessment tax returns, minimizing errors and ensuring a seamless filing process.
For individual tax returns, we provide comprehensive tax processing solutions, handling Form 1040 preparation, accounting for income sources, deductions, and credits. This includes processing documents like W-2s, 1099s, and estimated tax payments, streamlining the process and reducing review time for CPA firms until e-filing diagnostic issues are resolved.
Trusted. Integrated. Reliable.
Our team is experienced in all leading accounting platforms. From QuickBooks to NetSuite, we integrate smoothly into your existing workflows to ensure uninterrupted service and consistent results.
Your Data is Treated with the Utmost Care. We are ISO 27001 certified, ensuring your data remains secure and compliant with local data protection regulations.
Looking to outsource accounting or streamline your back-office operations? Book a free consultation or request a trial to discover how our expert consultants can support your practice’s growth.
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Tax preparation outsourcing involves delegating the preparation and filing of tax returns to an external service provider. We handle everything from collecting necessary documents to ensuring accurate and compliant filings. This allows CPAs to concentrate on their core business activities and client relationships. For more insights on how outsourcing can streamline tax return processes, check out our blog on how tax return outsourcing simplifies complex client challenges.
You can outsource a wide range of tax returns, including:
We prioritize data security by adhering to GDPR and CCPA regulations and using advanced technology to protect sensitive information. Regular audits and strict privacy agreements further safeguard your data.
Tax outsourcing services help save turnaround time, reduce costs, and provide access to specialized expertise. They also ensure compliance with evolving tax laws, allowing CPAs to manage high volumes of work efficiently and accurately.
Please feel free to email us at info@befreeltd.com, and our team will be happy to assist you with any questions regarding our tax preparation outsourcing services.