In today’s intricate financial environment, outsourced accountants play a pivotal role in transforming corporate tax filing into a strategic advantage for businesses. In this blog, we offer a step-by-step guide to the outsourced accountant, from pre-season preparation to post-Tax return filing support.

By mastering these steps, you can ensure accuracy, maximize deductions, and enhance your clients’ financial health. Embrace these practices to not only deliver exceptional service but also cement your status as an indispensable strategic advisor, strengthening your position and deepening client relationships in the corporate world.

Pre-Season Preparation

1. Client Onboarding: Determine the Type of Corporation

Understand the Business Structure

First, you need to understand your client’s business structure and review their past tax filings. Whether it’s an S-Corp, C-Corp, or LLC, each has different tax rules and benefits. Knowing this helps you create a tailored tax strategy that maximizes benefits and meets regulations.

It’s crucial to identify the type of corporation because different structures impact deductions, tax rates, and overall tax filing strategies. Additionally, you can spot potential tax benefits specific to the corporation type, making your approach more effective.

Gather Information Early

Collect all necessary business and tax information as early as possible. This early collection allows you to identify any potential issues and ensures you have everything needed for a smooth, accurate tax filing process.

2. Request Tax Documents

Get Essential Documents

Request key documents such as financial statements with the previous year’s comparison, previous tax returns with the depreciation schedule, payroll records, and relevant contracts. Having a detailed list ensures that nothing is overlooked.

Organize and Review

Encourage your clients to organize their documents clearly. Using a checklist to review each document will streamline the preparation process and reduce errors.

You can assist your clients in organizing their documents to avoid delays or mistakes. Utilizing a secure document-sharing platform can further streamline the process and ensure that all information is kept safe.

3. Communication and Deadlines

Set Up Clear Communication Channels

Establish clear communication channels with your clients. Regular updates and meetings help keep everyone informed and on the same page.

To ensure effective communication set up designated points of contact and preferred communication methods. Schedule regular meetings to maintain a consistent flow of information.

Agree on Realistic Timelines

Create and agree on a realistic timeline for document submission and review. Clear deadlines prevent last-minute rushes and ensure a smoother filing process.

Manage deadlines proactively and keep clients informed throughout the process to stay on track. This proactive approach helps avoid any surprises or delays.

Prevent Issues with Clear Communication

Regular, transparent communication helps avoid misunderstandings and common issues, leading to a more accurate and timely tax return filing. Clear communication ensures that everyone involved is aware of their responsibilities and any updates to the process.

Tax Return Preparation

4. Data Verification and Analysis

Scrutinize and Reconcile Financial Data

Carefully examine and reconcile your client’s financial data. This step is crucial to ensure accuracy and consistency in the financial statements, reducing the risk of errors.

Go beyond just checking for errors. Perform an in-depth analysis to identify potential deductions or red flags that may require further investigation. Clear and concise communication with the company is essential to clarify any discrepancies in the data, ensuring everything is accurate before moving forward.

Identify and Resolve Inconsistencies

Use systematic methods to identify any discrepancies in the financial statements. Resolving these inconsistencies early prevents potential issues during the tax return filing process. By addressing these issues promptly, you can avoid complications and ensure a smoother tax return preparation.

5. Tax Law Research and Application

Stay Updated with Tax Laws

Regularly update yourself with the latest tax laws and regulations. This knowledge helps you apply the correct rules and take advantage of any new benefits. Continuous education and access to relevant resources are key to staying informed about the ever-changing tax landscape.

Maximize Deductions and Credits Legally

Use your understanding of current tax laws to maximize your client’s deductions and credits. Employ legal techniques to ensure your clients receive all eligible tax benefits. Proactively identify tax benefits and apply them strategically to minimize the corporation’s tax liability.

6. Tax Software Utilization

Streamline with Advanced Tax Software

Implement advanced tax software to streamline tax calculations and tax return filings. These tools enhance accuracy and efficiency, making the preparation process smoother. Don’t just use tax software; leverage its advanced features to ensure accuracy and streamline the tax return filing process.

Choose the Right Tax Software

Select tax software that fits your needs. Consider features like user-friendliness, support, and updates. Utilize the software to its full potential to improve the accuracy and efficiency of your tax preparation. Additionally, the software can help with e-filing and secure electronic record-keeping, further enhancing the efficiency and security of the process.

Communication and Review

7. Draft Return and Client Review

Ensure Accurate tax return Filings with Draft Reviews

Creating draft returns is a crucial step for ensuring accuracy. Draft reviews allow you and your client to catch and correct any errors before the final submission. However, don’t just create a draft—provide a clear and comprehensive review process.

Explain the return in detail, including key figures and the tax strategies employed. It’s important that the client understands the return before it is filed. Offer different review formats, such as online portals, video meetings, or in-person meetings, to cater to your client’s preferences. This flexibility ensures that the client is fully informed and comfortable with the return.

Effective Collaboration with Clients

Collaborate closely with your clients during the review process. Encourage them to provide feedback and ask questions, ensuring that all information is correct and comprehensively covered. This collaborative approach helps to build trust and ensures that the return accurately reflects the client’s financial situation.

8. Open Communication

Maintain Open Lines of Communication

Keep communication channels open throughout the entire tax filing process. Regular updates and prompt responses help build trust and clarity. Go beyond just stressing open communication—foster a collaborative environment where the client feels comfortable asking questions and seeking clarification at any stage.

Offer multiple communication channels, such as phone, email, and secure messaging, to ensure accessibility and address client inquiries promptly. This variety of channels ensures that you can meet the communication preferences of all clients, enhancing their experience and satisfaction.

Handle Feedback and Last-Minute Changes Efficiently

Be prepared to handle feedback and last-minute changes efficiently. Flexibility and responsiveness are key to addressing any concerns and ensuring a smooth and successful tax return filing. By being adaptable and responsive, you can manage any adjustments needed quickly, maintaining a high level of client satisfaction.

 Tax Return Filing and Post-Filing

9. Electronic Filing

Advantages of Electronic Filing

Electronic filing offers numerous benefits over traditional methods, including faster processing times, reduced errors, and immediate confirmation of receipt. Additionally, electronic filing provides enhanced security for sensitive information. By leveraging these benefits, you can ensure a more efficient and secure tax return filing process.

Ensure Accurate and Timely Submission

To ensure accuracy and timeliness, follow these steps:

  • Double-check all entries before submission to catch any errors.
  • Use reliable tax software to enhance precision and efficiency.
  • Submit ahead of deadlines to avoid last-minute issues.

Make sure all necessary electronic signatures are obtained before submission to ensure compliance and completeness.

10. Record Keeping

Importance of Secure and Comprehensive Records

Maintaining thorough and secure records is essential for compliance and future reference. Proper record-keeping supports accurate tax return filings and simplifies future audits. It also helps in identifying potential tax credit opportunities and provides a clear audit trail if needed.

Best Practices for Digital Record-Keeping

Adopt these best practices to ensure effective digital record-keeping:

  • Use secure, cloud-based storage solutions to protect sensitive information.
  • Regularly back up all records to prevent data loss.
  • Ensure easy retrieval of documents for future reference and audits.

Implementing a secure and organized record-keeping system for all tax documents is crucial for maintaining compliance and readiness for any future inquiries.

11. Post-Filing Support

Ongoing Support After Tax Return Filing

Continue to support your clients even after the tax return is filed. This includes answering any questions from the IRS and addressing any unexpected issues that may arise. Providing ongoing support helps build trust and ensures that your clients feel secure and informed.

Prepare for Potential Audits

Help clients prepare for potential audits by keeping detailed records and staying updated on any changes in tax laws. Address client concerns promptly and professionally. Use this post-filing period to analyze the return and identify potential areas for tax optimization in the following year. This proactive approach can help improve the client’s tax strategy and ensure better outcomes in future tax return filings.


By following the steps outlined in this blog, outsourced accountants can establish a streamlined and efficient corporate tax return filing process. This approach not only ensures compliance and minimizes errors but also empowers businesses to optimize their tax strategies and achieve financial well-being.

Remember, a successful outsourced accountant goes beyond just tax return filing returns – they become a trusted advisor, offering ongoing support and proactive tax planning strategies. By fostering a collaborative relationship with your clients, you can navigate the ever-evolving tax environment together and ensure their long-term financial success.

To ensure successful corporate tax return filing:

  1. Pre-Season Preparation: Understand client business structures, collect essential documents, and establish clear communication.
  2. Tax Return Preparation: Verify financial data, stay updated on tax laws, and use advanced tax software.
  3. Communication and Review: Conduct draft reviews, maintain open communication, and handle feedback efficiently.
  4. Filing and Post-Filing: Use electronic filing, keep secure records, and provide post-filing support.

We encourage you to explore more of our blogs for further insights and strategies on corporate tax management and other crucial accounting practices. Stay informed and enhance your expertise to continuously provide exceptional service to your clients.