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Legal and Accounting Outsourcing to India: Appendix II

Legal and Accounting Outsourcing to India

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Table: Comparison between different service providers for Accounting

Outsource Financial Services: Cost Comparison

 

Outsourcing Vendors          
Vendors CCH OPI SurePrep Xpitax Fintax
Fee per return* $50–$150 $30–$200 $50–$150 $50–$175 $15-$50
Types of returns processed
Simple/child Yes Yes Yes Yes Yes
Individual Yes Yes Yes Yes Yes
Corporate Yes Yes Yes Yes Yes
Partnership Yes Yes Yes Yes Yes
Standard turnaround time (hours) 24 48 48 12-24 24-36
Performance
Returns processed in 2004 30,000 20,000 25,000 10,000  
Technical support Phone Phone Phone and e-mail Phone Phone and e-mail
Location of support center(s) USA India USA USA India
Real-time tracking at all stages Yes Yes Yes Yes Yes
Estimated CPA firm savings* 50%–60% 50% 50% 30%–50% Over 100%
Security features
Virtual private network protection (VPN) Yes Yes Yes Yes Yes
24x7 Uninterrupted  power supply Yes Yes Yes Yes Yes
Encrypted file servers Yes Yes Yes Yes Yes
* Data provided by vendor.          

Copyright 2006 www.fintaxexperts.com

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