Canadian Tax Preparation Outsourcing;

T1 - T2 - GST/HST

As the cost of high volume tax preparation services increases, more and more accountants and companies are turning to offsite tax outsourcing to help minimize operating costs and maximize efficiency and profits. 

To meet this market demand, BPM created an offshore back-office facility in Barbados, designed to provide tax data processing and reporting support outsourcing service to Canadian accountants and firms, using the best industry road-tested tax software and customized bookkeeping system. 

Our service methodology enables us to replicate processes in a manner that provides a turnkey solution for Canadian business and professional service organizations of almost any size, providing them with a new way of handling their tax compliance workload and meeting filing timing deadlines and challenges.

Under this service system for accountants and tax preparers, BPM handles the processing functions of their tax department while the firm focuses on improving its client relationship.

With our experience in Canadian tax preparation and reporting, utilizing a Canadian top-of-the-line tax software and in-house technology, clients are assured of a seamless and secure integration into their existing environment.

So whether yours is a, professional service organization seeking an efficient solution to your clients tax compliance issues, a CA or Tax Preparation service firm looking for ways to handle your year-round client tax compliance filings or the tax season workload challenges,  BPM has the solution for you, a solution that will also lower your service delivery cost.

Here's how this outsourced process works:

For T-1 Tax Returns:

We will supply you with our standard Tax Data capture sheet to be completed and faxed to us. 

Once the tax information forms are received, trained tax professionals at our Barbados work center, will review the information and assign it to a tax data entry clerk to data enter the information into our tax software.

After data entry, the tax return is audited to verify that all information received have been correctly entered and accounted for.

Next, the returns are electronically transmitted to your firm for review. You'll be receiving complete returns, including all schedules, and any questions or comments we thought necessary. 

Once you have the return, your firm can review and e-file, or have your client sign and file.  Alternatively, if applicable, you can add or edit any information as is necessary or applicable, send us the edited information for use in updating the tax file and sending you a new original by email.

The idea here, is to provide you with the required back-office staffing to meet your tax time volumes at costs designed to help drive more tax time profits to the bottom-line by increasing your profit per return prepared, in an environment that will feel like we are working from an office down the hall.

For T-2 Tax Returns:

Clients would supply us with the corporation completed financial statement

We will use the financial statement information to prepare a special in-house customized GIFI tax balancing report.

Once this report is completed and reviewed by one of our accounting managers, the verified Tax GIFI information is entered into our Tax Software.

Once the tax return is completed, it is again reviewed by in-house management and sent to our accounting firm client by email.

The costs Benefit! 

The fee for returns prepared by BPM is based on a fixed fee per return prepared, designed to be cost-competitive.  In addition, the higher the volume of returns outsourced to us, the lower the per return fee.

For more information call us: Phone - 905-305-6696