Outsourcing Services
· Sales / Use Tax
· B&O / Gross Receipts
· Personal Property Tax
· Income Tax
· Fixed Assests
· Business License Renewals
· Payroll Service
· Insurance and 401(k)
· Other State and Local Taxes
· Medical Billing Solutions
U.S. companies spend more than $500 billion per year in taxes, and over $9 billion per year to plan, prepare and report these taxes. Most companies, whether small independently owned, or members of the Fortune 500, have long since recognized the benefits of outsourcing the planning and preparation of income taxes. However, few have applied this smart business practice to non-income tax related items.
There are an estimated 12,000 taxing jurisdictions in the U.S. All of whom require reporting of various financial data at varying times throughout the year. An average small-to-medium size company with ten office locations will likely have to file approximately 160 non-income returns per year. And unless that company has someone who is specifically responsible for determining those filing requirements, studies have shown that an average of 30-40% of those filing requirements are not being met. This oversight can cost your company thousands of dollars in back taxes, penalties and interest.
CHP has identified a common thread, especially in larger public and nonpublic companies, that has become even more prevalent in today's economy: It is inefficient for companies to spend their internal resources on managing this compliance laden function "in house."
CHP has developed an "Outsourcing" or "Cosourcing" solution to solve your company's compliance needs. Because we are flexible and collaborative, you can choose which areas to outsource to better align the company's tax functions with the strategic objectives of the organization. Call us today, and let CHP show you how to be more productive, reduce your costs, retain top talent and minimize your audit risk.
Contact Tony for more information.
