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Back office tax processing begins with digitizing
the client's work papers. All one needs to do is
scan the documents received from clients and submit
them electronically to Pierian’s secure data
facility. |
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Once the work papers are digitized, trained tax
professionals at Pierian's offshore processing facility,
index and prepare the returns. This is done using
industry professional tax preparation software.
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Next, the returns are electronically transmitted
to the client's firm for review. The client will
receive complete returns, annotated with any questions
or comments the Preparers thought necessary. Upon
receiving the return, the firm can review the product,
add or delete as necessary, and then sign and forward
to their clients. |
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| Pierian believes
in the following FIVE Mantras |
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| 1.
Superior Service |
| Pierian has a pool
of well trained, English speaking Chartered Accountants
located in Bangalore, India, who will enable the client
to prepare tax returns at significant cost savings without
compromising on quality, security or control. Having successfully
processed tax returns for its clients during the year
2002 and 2003, Pierian has put in place a robust internal
process that enables it to handle the back office processed work
on time and at a superior level of service. It has a well
trained team of “Tax Preparers”(TP’s)
and a Quality Assurance team(QAT). The QAT reviews the
work done by the TP’s before the same is uploaded
for a final review and approval from your end. |
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| 2.
Stupendous Savings |
| The ability to
reduce expenses through reduced staff, whether full-time
or temporary, provides the greatest appeal for the use
of Pierian’s services. The objective of Pierian’s
tax preparation service is to reduce the client's tax
preparation costs without compromising on quality, security
or control. This provides the firm with enhanced bandwidth
to handle more returns and focus on the client management
without the need to employ more staff during peak season.
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| Typically Pierian
saves over 60% of the cost of tax preparation for the
client. Here is a example which illustrates the savings
one could achieve by outsourcing tax preparation to Pierian. |
| It is estimated that cost of preparing a return including salaries, taxes, benefits, cost of equipment etc. Is $45 per hour. with an estimated average time of 4 hours required to prepare a return. The cost per return works out to $180. Our costing plan will ensure a saving of over 60%. |
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| 3.
Super Speed |
| Pierian offers the
advantage of greater speed and increased efficiency. The
client's original records are converted to electronic
files and stored in the servers situated in the Pierian
state-of-the-art facility so that they can be accessed
on the Internet. Completed returns are ready for review
within two working days in a file format compatible with
the client's tax software. |
| If changes are necessary,
the Pierian team can easily modify the returns online
prior to client delivery. The standard turnaround time
is just two business days. A Premium service with a turnaround
time of one business day is also available when required.
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| 4.
Stable Security |
| The client’s
tax information is electronically shared on secure servers
utilizing the latest data encryption technology and servers,
located in the Pierian state-of-the-art data facility.
Pierian is bound by a comprehensive non-disclosure agreement
that requires complete confidentiality. |
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| 5.
Sincere Support |
| Pierian’s
accountants are qualified accountants with extensive training
in preparation of US income tax returns. They are specifically
trained in U.S. tax laws through ongoing training sessions—conducted
by the company's onsite U.S. tax professionals who educate
them on the latest changes in the tax code. The Pierian
US team members consisting of CPA’s, train the offshore
team and update them on the latest changes relevant for
the ensuing tax year. |
| Furthermore,
with the Pierian US office situated at Vienna, Virginia,
the company offers the added benefits of personal service
and on-site consultations, during the initial stage
and while doing the Test run of the first five tax returns.
Pierian's US based support center eliminates the concern
for time zones and language barriers. Queries relating
to a particular tax return being prepared are handled
with online chat or email by Pierian staff.
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