"OUTSOURCING THE TAX FUNCTION-SOME VIEWS"
by Howie Kutcher, CPA/MS (Tax)
President, Kutcher Tax Careers, Inc.
We've informally surveyed over 2 dozen corporate tax directors and managers about their opinions of OUTSOURCING the tax function vs. keeping it in-house. These are some of our findings:
PRO: The CFO (or Treasurer, etc.) may save money on salaries and benefits and get "the prestige" of having an outside Big 4 CPA firm perform the work.
CON: There seem to be many. One, for example, is that the quality of the work below manager and/or partner on the engagement leaves a lot to be desired. Oftentimes they'll put on the account a junior-type who has a lot to learn. Then again, even more experienced personnel wouldn't be as familiar with the company's books and history as an in-house tax person. Not only would this affect the compliance, but it would carry over to the learning curve needed for tax audits, potential planning opportunities, etc.
Editor's note: What you see above is merely a "skeleton outline" of the fuller article that I will be writing and expanding upon in the near future.
Keeping In Touch:
To: Hiring Contact (i.e., Tax Director, Human Resources Manager, Controller)
Do you have any current staffing needs? If so, please complete the section that says "List your jobs". Furthermore, if you anticipate any future openings, then please let us know in advance. We know from experience that a lot of times there are positions that suddenly become available that the hiring person knows about in advance. Why wait?! Even if the position has not been "formally approved", we can do a preliminary search for you (or at least, give you a complimentary assessment as to the probability of filling the position quickly/easily based on the tax market climate). We are constantly in touch with tax professionals, so we "know who's out there!"
Note that our fee arrangements can be more flexible than many of our competitors (please see the section entitled "About our fees" under the "Frequently Asked Questions". Also note that because of the nature of our business, we pride ourselves on being able to respond quickly, unlike a large executive search or national staffing firm where there are many layers of people you may talk to. Here, you won't get "bounced around"- you'll always speak to Howard Kutcher-one of the most experienced and knowledgeable tax recruiters around!
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