As tax time approaches, one of the issues that has come up recently is the effect offshoring is having on financial sectors, like the tax preparation business.
According to a recent report on 60 Minutes, roughly 200,000 U.S. tax returns will will be prepared by Indian tax preparers, nearly a 10-fold increase over last year. In many cases, without the client even realizing it.
In fact, entire businesses are springing up to handle the offshore tax return preparation business.
Take, for instance, SurePrep, a company based in Bombay and soliciting US accounting firms to send them their tax return business. “What if...