How a Skeptical CPA Firm Cut Tax Prep Costs 42% with 8 Offshore Placements

The managing partner of a CPA firm was the biggest skeptic about offshore. With 8 placements through Accountably, the firm cut its tax prep costs by 42% in year one, and six months in, he was the biggest advocate.

Summary

• Challenge: The managing partner was the biggest skeptic in the room when the firm discussed offshore.
• Solution: Accountably placed 8 people with the firm, and their work ran through Accountably’s multi-layer review.
• Roles hired: 8 placements
• Results:
  • 42% lower tax prep costs in year one
  • Workpapers better than what the firm produced in-house
  • From the biggest skeptic to the biggest advocate in six months

Challenge

When the firm discussed offshore, the managing partner was the biggest skeptic in the room.

Solution

Accountably placed 8 people with the firm, and their work ran through Accountably’s multi-layer review.

Every file goes through preparer, senior, quality and final review before it reaches the firm.

Results

The firm cut its tax prep costs by 42% in year one, and six months in, the biggest skeptic had become the biggest advocate.

Partnering with Accountably delivered measurable improvements to the firm’s operations and hiring capacity:

• 42% lower tax prep costs: tax prep costs fell by 42% in year one.
• Better workpapers: in the managing partner’s words, “The quality of workpapers coming through is better than what we produced in-house.”
• From skeptic to advocate: six months in, he was the biggest advocate.

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Firm details are withheld under the client’s NDA.