How Outsourcing & Drake Tax Software Could Save Your Struggling CPA Firm 

Tax season hits many CPA firms hard, and while many are able to cope during less busy times of the year, this particular season can be fraught with stress, pressure, and dissatisfied customers. 

Fortunately, there are actions CPA firms can take to help them manage their workloads, while still being able to focus on expansion, that don’t involve the high cost of taking on more employees, whether temporary or permanent. 

If your CPA firm is struggling to meet the rising demand of corporate tax prep and filing requirements at certain times of the year, tax outsourcing services that use Drake Software, can prove to be an ultra-convenient method to help you not just cope better with your workload, but excel. 

Firstly, what makes Drake Software so effective?

A firm favorite among tax preparers, Drake Software has a number of incredibly useful features, such as a tax planner, which helps CPAs with advanced tax planning for their clients, data backup and restore, a scheduler, and e-signature. It also has a dashboard and a D import tool that’s highly versatile. 

Feedback from users of Drake Software mentions the effortless way in which data can be managed; helping to easily import investment transactions, electronic forms like W-2, trial balance data, and end-of-year balances among others. Multi-state returns can also be generated with Drake, without add-on modules being required, and any return information you need, can be viewed at a mere glance. 

As you can see, the many features of Drake Software make it an understandably popular choice within the accounting profession. 

Secondly, what makes outsourcing the right choice?

While outsourcing has long been a convenient and highly effective way for CPA firms to manage their workloads while still providing their clients with an excellent standard of service, outsourcing to a partner that uses Drake Software, truly seals the deal.

Outsourcing provides struggling CPAs with exactly the right level of assistance they need according to current demand, making scaling up or down, effortless and smooth, with no repercussions for valuable clients. 

Below are the main advantages of outsourcing with a partner that uses Drake Software, to help you decide whether to choose this path in your efforts to succeed as a CPA firm: 

• Savings on costs

When CPA firms outsource their tax preparation requirements to a third party that uses Drake Software, they can make savings of up to a whopping 50%! By eliminating the costs associated with hiring and training new employees, you can jump right into turning a profit, without any of the overheads. 

• Access to expertise

By choosing an outsourced partner who specializes in using Drake Software to prepare corporate taxes, you can gain access to all of their expertise, which your clients will ultimately benefit from. 

• Quicker turnaround times

With full use of Drake Software and their own skills and high levels of training, an outsourcing partner can help your CPA firm process tax returns accurately and efficiently, to meet all deadlines, no matter how tight they may be. 

• Enhanced level of customer service

Knowing that you’ve got a reliable outsourcing partner on hand to assist you with all of your tax prep, leaves you more time to work on offering a personalized service to your clients, and hopefully, attract new ones. 

Last but by no means least, tax preparation outsourcing and Drake Software combined can help give your CPA firm a reputation for consistency, which is what your clients will value the most. 

So, if you value your employees and your clients, why not relieve their tax burden by outsourcing your requirements; it could give your firm the drive, motivation and means to get through the tough times, and come out the other side counting a profit!