Benefits

Expanding your practice means expanding your tax management and accounting resources. This would ordinarily mean setting up a full-time team of accountants that would require screening, hiring, training and compensation, not to mention maintaining them during off-peak months. This is where the IFR advantage comes into play--Leverage our experienced, committed and highly qualified team of Chartered Accountants to expand your opportunities without expanding your fixed costs.

Frees up valuable CPA time

By using IFR the CPA is outsourcing all the grunt work and saving money while doing it. (Because it is cheaper to use IFR to do the lower end work than to do it yourself) By outsourcing time consuming bookkeeping and tax return preparation, the CPA frees up his time to grow his business. He can now focus on advising existing clients, getting new clients and undertaking proactive strategies to grow his business.

Substantially Lower Cost

The primary benefit that IFR provides CPAs and accounting firms in the US is simple-Substantially lower costs and increased profitability, because it is cheaper to outsource low end accounting work to IFR than to do it yourself.

The following cost benefits are reaped by using IFR:

Low cost offshore professionals now work for CPAs in the US through an internet enabled system. The cost savings translates into increased profitability for the CPAs
The cost of outsourcing a tax return or bookkeeping job to IFR has been set to be lower than the cost of the CPA's time of doing this work. Further the cost of using IFR is lower than hiring a per diem professional in the US to do this work.
By using IFR, the CPA eliminates employee hiring, training and compensation costs.
By using IFR CPAs can eliminate hiring expensive professionals during the peak tax season thereby further reducing costs.

Increased revenues and profitability at tax season

The accounting business is seasonal with a lot of clients rushing to complete tax returns and bookkeeping in tax season. At this time the CPA can step up their marketing activities and outsource all the new business generated to IFR. This allows them to cater to peak demand and also to eliminate the need to hire expensive professionals at tax season. This provides the dual benefit of increasing sales revenue by taking on more work and reducing costs by not hiring expensive professionals to execute the work, at time of peak demand

Flexibility and Resource Maximization

Outsourcing bookkeeping and tax return preparation gives CPAs the flexibility to increase volume without adding staff. Therefore when there is lower demand the CPA incurs no overhead and when there is more work than the CPA can accomplish, this can be handled seamlessly by IFR- All at a cost that is lower than if the CPA did it himself or hired a per diem professional in the US.

State of the art web enabled system

IFR has developed a simple and very user friendly state of the art web enabled system that allows you to outsource your bookkeeping and tax returns to us. The system allows you to:

Upload or fax in source documents.
Communicate with IFR regarding any open issues.
Check the status of work in progress.
Download the finished files.

Faster Turnaround Time - IFR works while you sleep

We work while you sleep - IFR takes advantage of the fact that India is 9-14 hours ahead of US time. This means that when CPAs submit their work to IFR it is executed at night. The work gets accomplished quickly utilizing all 24 hours in the day. This benefit will impress your clients as they will get their finished bookkeeping and tax return work quickly.

Quality of Service

The IFR team of accounting professionals undergoes a rigorous training program developed and implemented by US CPAs. Every member of the team is a dedicated and qualified professional committed to a quality product delivered to you on time.

Security

The security of data is of paramount importance to IFR where stringent precautions are taken to keep your information strictly confidential and secure. Security measures include:

MS SQL multi level security system.
Hash encrypted passwords.
128-bit SSL encryption.
Download the finished files.
Verisign certified website.
Verisign certified servers located in the US.

The employee work environment is kept secure by:

All IFR employees undergo vigorous background checks and are legally bound by non-disclosure agreements.
Video surveillance and complete redundancy procedures at the data center.
A paperless environment.
Access to the internet is restricted only to our secure site.
No access to printers.
No removable media devices, such as floppies, cd drives and USB ports.
No employee belongings are permitted inside the workroom.

Find more detailed information on our security procedures ( Click here ) PDF File.

24/7 Access

The IFR internet enabled document management system provides you with limitless freedom to access your documents. The system is designed to be very user friendly and simple making it convenient to access and track your work from anywhere at any time.