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Politics : ANTI-PRESIDENT GEORGE W BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (151)	1/5/2004 8:34:10 PM
From: laura_bush	Read Replies (1) \| Respond to of 194

Can Bush's IRS be far behind? "Privatization: it's all GOOD:" Guess which jobs are going abroad These days it's not just a desire to cut costs that's pushing employers to hire overseas. January 5, 2004: 11:13 AM EST By Leslie Haggin Geary, CNN/Money staff writer New York (CNN/Money) - If a tax preparer gets you an unexpected refund this year, you may have an accountant in India to thank. That's because accounting firms are joining the outsourcing trend established years ago by cost-conscious American manufacturers. In fact, companies in a number of unexpected industries are now sending work overseas. From scientific lab analysis to medical billing, the service-sector workforce has gone global. CPA firms are just one example. In the 2002 tax year, accounting firms sent some 25,000 tax returns to be completed by accountants in India. This year, that number is expected to quadruple. The reason lies in the numbers; accountants in the United States typically earn $4,000 a month. In places like India it's closer to $400, says David Wyle, CEO and founder of SurePrep, a tax-outsourcing firm based in southern California that's employed more than 200 accountants in Bombay and Ahmedabad, India. "We've estimated firms will save between $40,000 to $50,000 for every 100 returns that are outsourced," adds Wyle, whose firm expects to do 35,000 returns in the coming year. That's up from 7,000 last year. Xiptax, of Braintree, Mass., is another tax firm that's moved much work overseas for "a whole number of reasons," besides money, says CEO Mark Albrecht. "Most CPAs do between 45 to 50 percent of their work in two months out of the year. It makes for an extremely stressful time," says Albrecht, who adds that accounting firms must then "strain" to find qualified staffers to help fill in during the crunch. By hiring full-time staff in India, CPA firms like SurePrep and Xiptax don't have to worry about finding staff here. Continues..... money.cnn.com