Tax Preparation services for US based CPA firms
Service Category
Download Brochures
Contact Us
Phone Number
+1 628 254 0254
Email Address
info@safebooksglobal.com
Office Address (US)
30 N Gould St STE R Sheridan WY 82801
Office Address (India)
A 813, Mondeal Heights, SG Highway Road, Ahmedabad, 380015
OUR OUTSOURCED SERVICES
TAX PREPARATION SERVICES FOR CPA FIRMS
Tax Season can be stressful for accounting firms, as they try to increase their revenue by preparing as many tax returns as possible. However, it can be difficult to build capacity quickly enough in order to accommodate this heavy workload.
Our experienced team can help you quickly build a team of experienced tax preparers and boost your profitability by up to 50%, freeing up time and resources while allowing you to focus on other parts of the business.
Safebooks Tax Outsourcing Services offer flexible, high quality tax return preparation services that not only tackle the growing list of complex tax filings with ease but also free up valuable time and resources within your firm so that you can focus on developing value-added services for clients.
We offers outsourced tax services to CPAs and accounting firms across the US and Canada.
Our team’s comprehensive tax experience with different pieces of software strengthens your in-house tax team and minimizes your hiring needs during tax season or last dates for additional resources.
We follow a quality-stringent process that suits your clients, which allows them to benefit from better refunds and smaller tax liabilities with Safebooks.
Having Safebooks Global, your outsourcing partner, allows you to optimize better data accuracy and error-free work. Our growing clientele, including companies across the USA and Canada.
Whether it’s for one country or for multiple countries, your business can enjoy consistent, flexible, and quality service with complete tax compliance with Safebooks.
Whether you’re an individual taxpayer or a large CPA firm, our team has the expertise needed to handle all manner of tax related tasks efficiently and accurately. With our expertly-crafted outsourcing services, you’ll find that tackling season rushes far less stressful than before – giving you more time to focus on providing the best level of service and care for all your clientele.
Book a Free Consultation today and maximize efficiency and minimized labor costs, our team will help turn seasonal chaos into smooth sailing operations.
Outsourced Tax Preparation Services We Offer:
We offer a wide range of tax preparation services that allow us to streamline your business’s tax reporting and payment.
Safebooks global specialize in reviewing your financial statements and identifying the items on them for accurate and faster filing of your tax returns.
INDIVIDUAL TAX FORM:
FORM 1040
Individual tax return form to be completed depending on the filing status of the taxpayer. Safebooks Global have expertise in completing various schedules as well as drafting workpapers
Key Skills :
- Sch A - Itemized deduction (medical expenses, real estate taxes, personal taxes, mortgage interest on home/invested property, charitable contributions)
- Sch B- Dividend and interest along with disclosures of FinCEN forms
- Sch C - Self Employed Business Income (to be reported on Sch#1)- income and expenses from proprietorship business - used to report form 1099-NEC and 1099-Misc as well as expenses incurred to run this business.
- Sch D - Capital gain - to report capital gain/losses from trading of securities, crypto, disposal of asset, sale of home or sale of any capital asset
- Sch E - used to report: Income from Pass through Entities - Partnership or Scorp; Unreimbursed expenses incurred by the individuals for the pass through entities; Income/expenses from the rental activities (Airbnb, vacation home rental,etc).
- Preparing FBAR and Form 8938 Statement of Specified Foreign Financial Assets - report all the financial assets held in other countries
- And more Schedules
FORM 1040 NR
This is for non-resident aliens reporting there income earned in the United States – mostly used by non-permanent resident – visa holder or anyone who has income effectively connected to the USA with ITIN#
Key Skills :
- Ordinary and qualified dividends
- Scholarship and fellowship grants
- Capital gains or losses
- IRA, pension or annuity income
- Real estate or farm income
BUSINESS TAX RETURN:
PARTNERSHIP
Form 1065 is an information return used to report the income, gains, losses, deductions, credits, and other information from the operation of a partnership. Generally, a partnership doesn’t pay tax on its income but passes through any profits or losses to its partners. Partners must include partnership items on their tax or information returns.
OUR EXPERTISE:
- Issuing K-1
- Reporting K-2 to the IRS for any foreign income earned by the partnership
- Form 8804- a transmittal one for form 8805. Form 8804 is utilized to report the partnership’s total liability for the tax year as stipulated in section 1446. All taxes required by Form 8804 must be accompanied by a Form 8813 payment voucher.
- Calculation of estimated tax withhold for non-resident partner (non- resident state as well as non-resident in USA)
- Calculating the state apportionment and preparing each state K-1
- Calculating the recourse and non-recourse liability of each partner
- Preparation of Form 8805 -Foreign Partner's Information Statement of Section 1446 Withholding Tax
- Preparing form K-3 and issuing it to each partner
S-CORP
Form 1120-S to report the income, gains, losses, deductions, credits, and other information of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.
OUR EXPERTISE:
- Filing election form 2553 - Election by a Small Business Corporation.
- Issuing K-1 to each partner
- Making sure that the state apportionments are correct
- Preparing from 7203 and basis calculation workpaper
- If it an SMLLC then advising the client to prepare the correct form for federal and state returns.
C-CORP
Form 1120 – all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. Domestic corporations must file F 1, all domestic corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income.
OUR EXPERTISE:
- Making sure that the state apportionments are correct
- Preparing each state tax return
- Form 5471 Information Return of U.S. Persons With Respect To Certain Foreign Corporations - reporting income of the foreign corporation held by the entity
- Form 8992 - GILTI tax calculation
- Preparing FBAR and Form 8938 Statement of Specified Foreign Financial Assets - report all the financial assets held in other countries
BENEFITS OF TAX PREPARATION SERVICES FOR CPA FIRM
Eliminate Time and Costs of Hiring Processes
One possible solution to eliminate costly time and money spent on hiring processes during tax season is outsourcing services instead of expanding internal labor force. It is generally much cheaper to outsource services rather than take on full-time or part-time accounting employees. Outsourcing allows CPA firms to access talent from all over the world, which can allow them to focus their efforts towards strategic growth while making sure that you receive the best service during peak season rush times.
Focus on High Value-Add Client Work
By entrusting us with some of your firm’s workload during tax season, you can free up valuable resources to focus on the most important elements of your customer relationships: delivering impeccable service and providing the best advice communicated in a timely manner. At Safebooks Global, we are here to lighten the load so that your internal CPAs can focus on higher value-add client work while giving you the opportunity to enhance revenue and reduce expenses associated with lower profitable workloads.
Enhance the Quality of Work
Outsourced firms specialize in tax preparation services with legislation, requirements, and other changes in laws that can affect a client’s taxes. This specialized knowledge allows them to be highly efficient in their processes, saving time for your firm to focus on the more complex tasks of managing finances and preparing taxes for clients. Safebooks Global provide training updates so they can stay up-to-date on new tax law and accountancy.
Increase Revenues
Outsourcing during busy season has become a tried and true strategy for accounting firms looking to drive additional revenues. By outsourcing your tax services requirements, accounting firms are able to move beyond the limitations of their internal teams, increasing their capacity. This extra capacity allows them to accept more new clients during busy times, creating more high-margin work that helps increase revenues.
What make Safebooks Global is your Preferred Tax Preparation Service Company?
Our highly-experienced team of tax professionals helps clients maximize their savings by providing reliable and customized tax preparation services. We use the most up-to-date tax software and technology including Intuit’s Lacerte, Creative Solutions’ UltraTax, Intuit ProSeries, ATX, and Drake to make sure our clients get the best possible results for their tax returns.
With us, our clients are guaranteed that the financial data will remain secure as we use remote services, encrypted portals, and secure communication platforms for the exchange and processing of information.
Furthermore, our services are IFRS (International Financial Reporting Standards) compliant which brings a higher level of transparency to enhance the international quality and comparability of financial information. As a result, this improves accuracy while minimizing mistakes associated with manual data entry errors or misinterpreting complex tax regulations.
Clients also benefit from our adaptable approach to taxation laws which enables us to provide tailored solutions that are best suited to each individual’s particular circumstances. Therefore, it is no surprise that Safebooks Global have become one of the preferred outsourced tax preparation CPA firm in USA.
Offshore Tax Team
Our Unique Selling tax Services
Streamlined Tax Preparation Strategies: Our streamlined tax preparation strategies aim to make the entire process for CPAs and tax service providers simpler and more organized. We know the challenges of handling a heavy tax compliance workload and meeting filing deadlines.
All-inclusive Services: Our all-inclusive services provide a comprehensive range of taxation, financial and accounting options for businesses and individuals alike. Our experts have decades of combined qualifications in these areas, so you can be sure that your taxes are prepared with precision.
OUR Tech EXPERTISE
TAX SOFTWARES WE WORK WITH
Our team has hands on experience with the best tax preparer software that provides our clients with the best outsourced tax preparation services.
OUR PROCESS
Get outsourced tax preparation with Safebooks Global
We at Safebooks Global believe that having access to qualified professionals is key to success. By partnering our CPA experts, we can ensure that you receive top quality offshore tax staffing solutions.
Our outsourcing team has years of experience working with CPA and EA firms across diverse industry which means your chances of missing deadlines are eliminated with our experienced professionals.
Query Establishment
Requirement Analysis
Pricing and Contracting
Project Kickstart
our diverse portfolio
INDUSTRY WE SERVE
Packed with clients that represent various sectors such as: