If you are a CPA firm planning to outsource your tax return services, then read further! The tax return outsourcing services process for accounting and CPA firms is a strategic process. It begins with client documentation collection and ends with filing and post-submission support.  This constitutes a workflow that addresses peak season demands, increases efficiency, and provides acce...

Introduction  Today, several CPA firms in the U.S. are turning to offshore accounting teams to handle the growing demands of tax season. They are leveraging skilled offshore CPAs, enabling them to scale faster, reduce overhead, and focus on client relationships. However, while the benefits of outsourcing are clear, there are compliance responsibilities that need to be fulfilled. This is...

Companies often face a dilemma when deciding whether to hire an accounting manager or a controller. This usually happens as their financial operations grow more complex. At the outset, both roles are critical to operational accounting as they ensure accurate financial records and reports. However, both roles differ in scope and seniority. This blog explains the difference in the accounti...

Introduction:  Now that your CPA firm has outsourced your accounting function, what should you expect? Since you will have handed over Tax Preparation, Payroll, or bookkeeping to an offshore or outsourced accounting services company, the next ninety days are crucial and will decide whether this new relationship will take root or unravel.  Well, the fact is straight. No client would r...

In the era of globalization, whether you are a small CPA firm or a large practice that handles millions in transactions, one function remains as critical as ever, which is payroll. Size does not matter when it comes to managing this vital roleprocess. Issuing correct payslips not only keeps employees satisfied but also plays an important role in compliance and maintaining business effici...

The world of accounting is changing, and firms need more than just basic bookkeeping and compliance. CPA firms often need to decide between CAS Accounting (Client Accounting Services) and CAAS Accounting (Cloud Accounting Advisory Services). CAS Accounting focuses on everyday tasks like bookkeeping, payroll, and financial reporting, while CAAS Accounting includes these services and adds ...

Introduction  CAAS Accounting stands for Client Accounting and Advisory Services, which refers to a range of accounting services for businesses and CPA firms that include comprehensive financial management and strategic support. This CAAS Accounting model helps CPA firms manage their clients’ finances more effectively. It enables outsourced accounting firms to act as an outsourced finan...

When tax time comes, millions of Americans rely on one critical document—Form 1040. This is the official IRS document used to report your income, claim deductions and credits, and determine whether you owe taxes or qualify for a refund. If you’ve ever searched “Form 1040 what is it”, the answer is simple: it’s the backbone of the federal income tax return process. In short, Form 1040 is ...

Introduction  On September 5, 2025, Senator Bernie Moreno of Ohio introduced the U.S. Hire Act Bill 2025. This proposal seeks to impose a 25% excise tax on outsourcing payments, disallowing related deductions. The bill also establishes a Domestic Workforce Fund to support apprenticeship and reskilling programs. If enacted, the U.S. Hire Act 2025 could reshape the global outsourcing land...

Introduction  About Form 1040, U.S. Individual Income Tax Return  Come tax season, an increasing number of US CPA firms and accounting companies are opting to outsource their tax preparation to certified tax professionals in India. The reasons for this strategic move are many. CPA firms now consider this move as strategic and scalable. This strategy enables Indian firms to ensure accur...