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Outsourcing Accounting Service |
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| Why BPO ? |
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Business Process Outsourcing is the investment strategy for sourcing best practice process capabilities end to end along the business value chain. The advantages of business process outsourcing are numerous.
Outsourcing reduces overhead. There is a remarkable savings on manpower and training costs. It improves efficiency, speed and service and at the same time increases customer satisfaction.
Outsourcing allows the management to offload non-core functions and thus management can focus on strategic thinking, process reengineering and managing trading partner relationships.
Outsourcing leads to bringing together the best quality services, products and people. Businesses can leverage the provider's extensive investments in technology, methodologies and people and thereby can get access to specialized skills. |
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| What G.K.Choksi offers |
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Tax Preparation |
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CPA Firms face tremendous pricing pressures regarding the tax compliance portion of their firms. Some of the problems faced in providing tax compliance services are training and retaining professionals, retrieving working papers, ensuring proper storage of files, and the ever increasing processing costs. Our tax outsourcing services provide you the answer to the inherent problems with managing the tax compliance services. We ensure accurate and timely processing of tax returns - at a fraction of the costs of preparation internally .Accounting Firms can revise their cost analysis and determine that through our defined workflow and digitized work-papers, their review time and administrative costs has reduced dramatically. Accounting firms can provide better tax services to their clients at significant savings, while maintaining and improving client relationships. |
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By letting G. K. Choksi & Co. do the tax filing for their clients, Accounting firms can benefit in the following areas :
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Major cost reduction |
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Better Valued Client Services |
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Focus better on Value Added Services |
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Ability to increase client base |
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Computerized working ( No messes with papers/notes ) |
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Improved overall performance |
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Easy delegation of authority |
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More office space for core operation |
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Payroll Processing |
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Our list of service of payroll processing includes following serviced and is not necessary a full list of service we provide, we are a dynamic and very flexible company.We can Calculate wages, Determine deductions (such as FICA, Federal Tax, State Tax, Medicare, 401K, and more), send summary statements (such as Payroll Register, Payroll Tax Statement, Bank Reconciliation Report, Labor Distribution Summary, 401K Report, Workers Compensation Report, etc.) and prepare/file Federal and State tax forms (such as Form 941 and associated schedule B, W-2, etc.). The software for payroll processing can be used as per client's choice. We use licensed copies of the popular software packages, which we can make available to our clients also . |
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Book Keeping
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This includes the maintenance of account books typically. The client provides scanned copies of documents such as bank and credit card statements, invoices and bills, payroll summary, payment vouchers, etc. These services can be provided on a daily, weekly, monthly, quarterly or annual basis as per the clients' requirements. Preparing financial statements is an extension of the bookkeeping function. The clients sometimes maintain books of accounts themselves and would like to get the financial statements prepared by a professional. These statements are prepared using US GAAP and other relevant accounting and auditing standards. |
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