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...

Introduction In recent times, India has emerged as an outsourcing hub for CPA firms in the USA. This is because India has the winning combination of cutting-edge technology and a deep pool of skilled talent, which makes it an ideal destination. With the help of advanced platforms, cloud computing, AI, and data analytics, Indian outsourcing partners help streamline processes and accuracy...

Introduction  CPA firms in the USA today face a multitude of issues. On the one hand, they are battling rising labor costs and shrinking margins, while on the other, the talent pool is shrinking considerably. The pressure to improve performance and growth levels is increasing, and, indeed, traditional hiring is not able to keep pace with the demand.  That is why U.S. CPA firms are st...

Introduction  Form 1040, which is officially known as the U.S. Individual Income Tax Return, is the form used by individual U.S. taxpayers. It is used to report their annual income to the IRS. Form 1040 allows individuals to claim tax deductions and credits, and to calculate their tax refund or amount owed.  Due to several reasons, U.S. CPA firms are increasingly adopting the outsour...

In the age of outsourcing, protecting your sensitive financial data has become highly essential. As the owner of a CPA firm, you have to deal with considerable financial information. Any compromise in the security of handling such financial data could lead to serious damage to your reputation as well as severe legal issues.  Today, cyber threats are becoming increasingly sophisticated...

Running a CPA firm in the USA has never been more challenging. Talent shortages, rising costs, data security risks, and intense competition make it difficult to stay ahead. Fortunately, there is a way to overcome these obstacles through outsourcing. By using outsourcing services for CPA firms, you can cut costs, boost efficiency, and concentrate on what matters most: serving your clients...

Introduction  The accounting profession in the USA is facing an unprecedented talent crisis. Across the United States, CPA firms are grappling with a shortage of qualified accountants. This trend not only threatens the day-to-day operations of businesses but also affects the integrity of financial reporting and compliance.  The current scenario is truly worrying. More than 300,000 ac...

Introduction  As we move into the middle of 2025 and enter the third quarter, let’s examine the key issues CPA firms are currently facing and explore how they can set up an offshore CPA back-office to address these challenges and reduce onshore overhead expenses.  The Background  This year, CPA firms continue to face a multitude of challenges. Among the most pressing are staffing ...

These days, CPA firms in the USA find it highly challenging to function efficiently. Factors such as the growing talent shortage and increasing operational costs are compelling CPA firms in the USA to seek outsourcing options abroad. Although bookkeeping may seem to be a comparatively more straightforward task that can be achieved domestically, several CPA firms in the USA are discoverin...