CPA Firm in New York – Tax Return Review and Expense Optimization

A CPA firm relied on QuickBooks Online's AI categorization for their bookkeeping and tax preparation processes. However, they discovered significant issues with the automated system that threatened their accuracy and client relationships. The firm faced multiple compliance and financial optimization challenges that their AI-powered tools alone could not address effectively.

OBG Outsourcing provided specialized review services to audit and correct the CPA firm's bookkeeping and tax preparation processes. The solution included a comprehensive review of all entries and categorizations, identification of misclassified transactions, discovery of missed tax deductions, and verification of sales tax nexus obligations. OBG's team combined AI-driven accounting software with human expertise to provide a thorough quality assurance process that caught errors the automated system had missed.

OBG Outsourcing's review revealed and corrected $45,000 in expenses that had been misclassified as assets. The team identified missed deductions worth $10,000. Errors in sales tax nexus obligations were discovered and corrected. As a result of these corrections, the client's tax liability was reduced by 12%. The firm was able to deliver more accurate results to their clients and avoid potential audit issues.