Beware: offshore tax preparation outsourcing

[Michael Plaks]

This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.

I realize that people have different opinions on the issue. For instance, I won't touch it with a 10ft pole. Others have no problem with it. But maybe it's one of the questions worth asking when you hire your next accountant.

[Chris Seveney]

Quote from @Michael Plaks:

This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.

I realize that people have different opinions on the issue. For instance, I won't touch it with a 10ft pole. Others have no problem with it. But maybe it's one of the questions worth asking when you hire your next accountant.

 Michael

Why will you not consider it? Quality of work, security/data breach? Curious as to why (For education not trying to criticize in anyway).

Second question, is there any type of work one may want to consider outsourcing such as AP or AR?

Thanks