Newest outsourcing wave: Foreign tax accountants

[Pale_Rider]

Well one can scratched out finance and IT work as potential job markets for recent college graduates. Don't know about all of ya, but I regular avoid tax firms and use a local tax accountant to do up my returns.

Newest outsourcing wave: Foreign accountants prepare Americans' tax returns
http://www.mercurynews.com/mld/mercurynews/8019798.htm

SAN JOSE, Calif. - Twelve-hour shifts and seven-day work weeks exhausted accountants at Rucci, Bardaro & Barrett. But most painful for Chris Barrett was the annual "Easter parade" - layoffs of seasonal workers and interns after April 15.

So Barrett, a partner in the Malden, Mass., firm, will send about 150 of his 600 clients' tax returns this year to India, where recent college graduates will prepare Americans' 1040s. Barrett won't hire - or fire - any extra employees, and the average turnaround time for completing returns is already shrinking.

snip

On Thursday, U.S. Sen. Dianne Feinstein urged major U.S. financial services and accounting firms to be cautious about outsourcing sensitive work such as tax preparation.

"I am gravely concerned that consumer data is being sent overseas without proper safeguards," the California Democrat wrote to chief executives of Citigroup, Bank of America, Ernst & Young, Equifax and TransUnion.

But executives argue they can't afford to ignore the trend.

Like Rush Limbaugh on Hillbilly Heroin.