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Tax preparation firms draw on their knowledge of tax codes and laws to prepare their client's tax returns, making sure clients pay no more than the necessary taxes. The work involves a substantial amount of research and attention to detail. Many accounting firms - and CPAs - carry out tax preparation outsourcing. Outsourcing is the act of subcontracting a process or part of a process previously done within a company to a third-party. Many processes including accounting, bookkeeping and tax preparation are currently outsourced. Tax preparation outsourcing firms are commonly located offshore. Most outsourcing work is done by professionals in developing countries. These countries normally have vast highly qualified and trained labor.
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