The Brief

Client Profile: A reputable CPA and accounting firm located in Edmond, Oklahoma, known for pioneering comprehensive financial services for businesses and individuals.
Industry Domain: Accounting
Challenge Faced: The client faced significant challenges with voluminous tax return preparation, which was time-consuming and prone to errors, posing potential legal and financial risks.
Project Objective: To streamline the tax return preparation process, ensuring speed, accuracy, and compliance with tax laws, thereby minimizing the client's workload and error rates.

The Solution

We provided tailored tax preparation services to meet the client's specific needs, which included:

Software and Portals: Utilized Ultra Tax software and customized checklists to align with client specifications, enhancing the efficiency of tax preparation processes.
Staffing: Assigned two experienced tax associates to manage tasks methodically, ensuring seamless communication through daily emails and monthly client meetings.
Procedure: Managed both simple and complex tax returns, creating schedules and handling foreign reporting with the aid of Excel templates for thorough preparation and verification.

Our services resulted in substantial improvements, including:

Reduced Turnaround Time: Achieved faster processing of tax returns with a 1-2 day completion rate for multiple daily assignments.
Enhanced Accuracy: Implemented stringent quality checks, boosting accuracy to 99% and significantly reducing errors.
Increased Productivity: Streamlined processes led to a more efficient taxation team, enabling timely and accurate tax filings.
Long-term Partnership: Successfully built a long-standing relationship with the client, centered on trust and consistent results over a decade.