We have listed some of the important points to check when outsourcing tax return preparation work to India. This will help you in selecting best accounts outsourcing firms in India.

1. Doshi Outsourcing
Outsourced Tax Return Preparation
Work to India - Points to Check
During the last decade, India has emerged as the most ideal place for the
outsourcing of services. Although there has been stiff completion from Asian
counterparts like China, India has managed to maintain a stronghold. The most
significant reason is the surprisingly competitive rates at which you can avail
services of a highly qualified and experienced workforce.
In recent years, more and more accounting firms and accountants are
outsourcing to India. They are benefiting a lot by working with the outsourced
accounting services providers in India. The significant difference in the exchange
rate between INR and GPB makes accounts outsourcing to India more
productive. And the outsourced tax returns service is one of the most popular
among UK accounting firms and accountants.
Now, let’s look over the reasons that you need to know why many accounting
firms are considering the outsourced accounting service vendors from India to
handle their tax return outsourcing services.

2. Doshi Outsourcing
1. Highly Qualified and Experienced Workforce
The biggest factor that helped the Indian outsourced accounting firms is that
they have pools of highly talented and experienced professionals. And tax is a
very sensitive matter, most of the UK accountants are preferring Tax Returns
Outsourcing to India.
With the years of experience, the Indian tax professionals can ensure a high level
of accuracy, which is a must if you want to save the reviewing minutes after you
receive the jobs at your end. So, eventually, you will have more time to work on
your marketing plans and fetch more clients.
2. Substantial Cost Reduction
Undeniably, this is the first reason that you start looking for outsourced
accounting firms to reduce the cost of your wages. Due to the exchange rate
difference between INR and GBP, outsourcing to India is always a smart
decision; as you will never want to compromise with the quality of work just to
save some more pounds.
The cost of hiring a tax expert is very less in India compared to the UK. Further,
you will have access to the latest technology and tools without incurring any
cost. Quality work at a fraction of your actual cost; sounds great!
3. Extra Hours To Work On
When it comes to tax returns outsourcing a quick turnaround time is very
important. Whether it is the deadline given by your client to finish a job or the
HMRC deadlines. You must meet both of these to satisfy your clients and ensure
that they don’t get any penalty notice from HMRC.
So, due to the time difference between India and the UK, your Indian
outsourced accounting firm can provide an advantage of extra 4.5 hours, so
accordingly you can state turnaround time to your clients. Particularly in the case
of self-assessment, this time difference helps a lot to work on the tax returns
received during those last minutes of the deadline.
4. Extensive Data Security and Safety
Tax matters are always confidential, so you must ensure the security and safety
of your client’s data. Further, if you fail to comply with GDPR then you may be
fined up to €20 million, or up to 4% of the annual worldwide turnover of the
preceding financial year, whichever is greater.

3. Doshi Outsourcing
But there is nothing to worry; your GDPR compliant Indian outsourced
accounting firm can eliminate these concerns. So, before signing up you must
make certain that your outsourcing partner is GDPR compliant and has required
standards. Most of them will be happy to sign a non-disclosure agreement as
well.
Now the question is how this outsourcing works? Thanks to advanced technology
and tools, the outsourcing tax return preparation process is simple and quick.
Mainly there are three methods viz. remote access, on a secure VPN server, and
in a cloud-based system.
The IT personnel of your outsourced accounting firm will set the system for you
within a few minutes. And as we can file tax returns online which makes the
whole process even simpler. So, there is no need to wait; pick the right
outsourcing partner and start outsourcing your services to reap all the benefits.
For More Information Visit
https://www.doshioutsourcing.com/