FAQs
Will my clients remain my clients?
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Absolutely. We work alongside your firm as a trusted tax partner. You maintain the primary client relationship, while we provide tax preparation and planning support to help deliver a more comprehensive client experience.
Do you provide tax planning or just tax preparation?
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Both. While tax preparation focuses on accurately filing returns, tax planning helps identify opportunities to potentially reduce future tax liabilities through proactive strategies and coordinated financial planning. OFO Tax Group offers both tax preparation and tax planning engagements, separately and in a package.
Can financial advisors mark up your services?
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Yes. Advisors who choose a firm-paid model may incorporate our services into their overall fee structure to account for their time coordinating and facilitating the tax preparation process.
We specialize in working alongside financial advisors. Rather than approaching tax preparation as a stand-alone service, we integrate tax insights with broader financial planning strategies to create more coordinated advice.
What makes OFO Tax Group different from a traditional tax preparer?
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How do you protect client data?
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Protecting sensitive financial information is one of our highest priorities. We utilize secure document-sharing systems, encrypted communications, role-based access controls, and industry-standard security practices designed to safeguard client information throughout the engagement process.
Is TaxGPT secure?
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Yes. TaxGPT is configured with strict security and privacy controls designed for professional tax and accounting use. Data is encrypted, customer information is not used to train public AI models, and access is restricted to authorized users. These safeguards help ensure client financial information remains protected while allowing our team to leverage technology efficiently and securely.
Client tax and financial information submitted through our approved technology platforms is not used to train public artificial intelligence models. Maintaining confidentiality and protecting client data are fundamental requirements of our process.
Can Financial Advisors Outsource Tax Preparation?
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Yes. OFO Tax Group helps financial advisors expand their service offering by providing tax preparation and tax planning support for their clients. Rather than building an in-house tax department, advisors can leverage our team to deliver a more comprehensive client experience while maintaining their role as the primary advisor. We work collaboratively with advisors, providing tax expertise that complements financial planning and helps uncover opportunities that may otherwise be overlooked.
How Do Financial Advisors Partner with CPAs?
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Financial advisors and CPAs often work together to provide coordinated advice. Advisors help clients make financial decisions related to investments, retirement, and cash flow, while CPAs provide expertise in tax planning and tax compliance. By collaborating, advisors and CPAs can identify tax-saving opportunities, evaluate financial strategies, and help clients make more informed decisions. OFO Tax Group serves as a collaborative tax partner, helping advisors integrate tax planning into the financial planning process.
What Is the Difference Between Tax Planning and Tax Preparation?
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Tax preparation focuses on gathering information, calculating tax liabilities, and filing accurate tax returns. Tax planning is a proactive process that helps identify opportunities to potentially reduce taxes before filing deadlines occur. Effective tax planning may involve strategies related to retirement accounts, Roth conversions, capital gains, charitable giving, business income, and other financial decisions. While tax preparation looks at what happened in the past year, tax planning focuses on opportunities for the future.
How do I get started?
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Schedule an introductory conversation with our team. We'll discuss your needs, explain our service models, and help determine whether a partnership is the right fit.