Frequently Asked Questions
How will outsourcing affect my people?
We can assist you in determining the skills, experience, and number of people needed to transition your company to an outsourcing arrangement. We will then develop an action plan that will ensure a smooth transition. While implementing the action plan, it is important that channels of communication remain open and questions are answered, so that change can be implemented smoothly without disruption of your business.
Where will the outsourced activities take place?
We can provide our service either at your location or remotely. After a careful evaluation of your needs, we will advise you on the best method of providing these services. Our goal is to be available and responsive to you, and to have your information be readily available.
Why should I hire POSI instead of hiring additional employees?
POSI offers a depth of skills and multifunctional experience that is hard to find. For no more than your current expenses, you will have access to the skills and expertise of a firm with very diverse experience. We know what it takes to get the job done and offer a customized approach to your needs. Whether you require an ongoing service or short-term assistance on a special project, we are your source for outsourcing solutions.
Why shouldn't my existing CPA do it for me?
Most CPA firms are not set up to perform the day-to-day accounting for a business as we are. In fact, performing both the day-to-day accounting and the audit could be a conflict of interest. In addition, most CPA firms aren’t staffed with personnel that have the experience as POSI offers. Having this experience helps us to know and understand the issues you face on a daily basis.
What about income tax planning and preparation?
Because POSI is not a CPA firm, we do not provide income tax planning and preparation or perform audits, compilations, or other types of financial reviews. Those functions are typically performed by Certified Public Accountants. We view ourselves as an extension of our client’s business and act in that capacity to provide the information that your auditors will find necessary to perform the audit. Therefore, we will not replace your outside accounting firm. When it is time for the audit of your financial statements, we will have your financial statements audit-ready. By doing so, we make it easier for your outside auditor to perform the audit – which should result in lower audit fees and a quicker audit. We can also answer many of the questions your CPA will have while performing the audit, which again frees you to focus on your business instead of dealing with your CPA