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3 ways outsourcing can save time in the busy tax season

Shanice Mooney (2019-03-09)

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One of the most common mistakes made by entrepreneurs is believing they can/want to do everything themselves. Of course, theres nothing wrong with wanting to make sure things are done correctly according to your process however, when time is of utmost importance this can cause big problems.

It seems many accountants tend to have a similar concern where they end up doing everything themselves- even basic tasks that could be outsourced. Nonetheless, one person or even a small team can only do so much. And what happens when certain situations arise such as clients waiting till the last minute to file their tax returns?

Ideally, you need to find a solution thats going to free up your time so it can be used where its really needed. Many accountants who have faced this type of situation have turned to outsourcing to help them save time. This is especially convenient when its the busy tax season. But how exactly can accounting outsourcing save time during the tax season?

Getting access to qualified staff

The January 31st tax deadline means youre going to get a sudden influx of tax work from current clients and new prospects. However, you cant find any additional qualified staff and you definitely dont want to turn away any business so how do you manage the tax rush?

Simple, take advantage of the services of an outsourcing tax accounting specialist. Many of our clients have had a similar concern where they dont need additional staff all year round but they do need them at certain busy times of the year.

These busy and non-busy periods can be overwhelming for accountants as it makes it quite difficult to maintain staff accordingly. Its also tough to hire extra tax accountants just for a few months of the year and then let them go when the work is no longer required.

By outsourcing tax work thats precisely the freedom accountants gain. When you choose to outsource tax you neutralise the problem of having to recruit or reduce staff according to peaks and lows of the business year. Through outsourcing, youll be able to save valuable time during the busy tax season.

Have a dedicated bookkeeper

Every accountant knows the value of having a dedicated bookkeeper however, due to staffing or financial constraints not all firms can maintain them. locally owned bookkeeping and financial services company. By being local ends up being one of those tasks that no one wants to take the time to do it however, you know if neglected it can cause severe problems which will only take up your precious time.

Whether its by outsourcing or maintaining it in-house, a dedicated bookkeeper will help relieve the stress that arises during the tax season. You always have an option to hire a bookkeeper to take care of day to day bookkeeping activities however, in this day and age its actually become quite practical to outsource bookkeeping activities.

Outsourced bookkeeping will not only keep your practice organised it also provides the benefit of saving time when you need it the most. The tax season is already busy enough so why not minimise the stress and free up time.

Utilise technology

Whats the primary function of technology? Quite simply, its to make life easier and to save you time. Just imagine the amount of time saved when people shifted from using typewriters to using PCs for their writing.

A similar shift is occurring in the accounting industry with technology and outsourcing. Service providers utilise tech to make procedures more efficient and save time in the process. When you outsource your work to accounting experts you also gain the benefits of the technology they are using. Some of these you may already be aware of but others would be completely new and already saving time and money for your competitors.

For example, QXAS has developed its own tracker app which lets you find out the status of your outsourced tasks from your smartphone - raise queries about jobs, search the dashboard, and filter jobs by job code, name, status and dates. You can also use the app's simple and easy dashboard to see the progress of jobs through the key stages.

Looking for a way to handle the tax season rush? You can test-drive our tax outsourcing services without spending a penny, at zero obligation. Click on the link below to try two tax returns, completely free.

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