One the biggest reasons why accounting firms are hesitant to outsource is ‘security’. They are worried they would lose control over data or they would have to deal with a major cyber calamity in the future. The active targeting of tax professionals to steal taxpayers' information for committing tax frauds has only fueled their apprehension. Therefore, we completely understand their concern.
To help you onboard with the idea of accounting outsourcing, we have created an infographic on the different layers of security that an accounting firm deploys in-house and that an accounts outsourcing provider has.
Have a look: