Uploaded June 2024 | Updated September 2026, 1 week ago
Are your personal tax details being outsourced overseas? Is the accounting profession truly facing a talent shortage, or is it just an excuse to outsource American jobs to other countries like India or the Philippines?
Amid the ongoing accountant shortage in the USA, more tax firms are turning to outsourcing. In this video, I'll talk about the accounting shortage and explore the real reasons behind the increasing trend of outsourcing.
Later in the video, I'll tell you what you can do to protect yourself if you don't want your Personal Tax Information outsourced overseas.
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/VQ6QodtA2Ng
youtu.be/tu5DojDALOY
youtu.be/2kV_BjPXvac
Thanks for watching my video on, Is Your Personal Tax Information Being Outsourced Due to the Accountant Shortage?
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Is Your Tax Information Being Outsourced Overseas?
01:09 - Is The Accounting Shortage Real?
01:56 - Businesses Do Not Want to Pay Accountants
02:59 - What Is Our Government Doing to Stop This?
03:08 - If You Plan to Hire a Tax Preparer From Foreign Countries
03:32 - Mandatory Internal Revenue Code 7216 Disclosure and Consent
04:28 - Jobs Are Being Outsourced to Foreign Countries
05:03 - What If You Don't Want Your Tax Work Outsourced Overseas
Replay Video Link: youtu.be/JWbn28T23Us
#taxinformation #outsourcing #accountantjob
Are your personal tax details being outsourced overseas? Is the accounting profession truly facing a talent shortage, or is it just an excuse to outsource American jobs to other countries like India or the Philippines?
Amid the ongoing accountant shortage in the USA, more tax firms are turning to outsourcing. In this video, I'll talk about the accounting shortage and explore the real reasons behind the increasing trend of outsourcing.
Later in the video, I'll tell you what you can do to protect yourself if you don't want your Personal Tax Information outsourced overseas.
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/VQ6QodtA2Ng
youtu.be/tu5DojDALOY
youtu.be/2kV_BjPXvac
Thanks for watching my video on, Is Your Personal Tax Information Being Outsourced Due to the Accountant Shortage?
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Is Your Tax Information Being Outsourced Overseas?
01:09 - Is The Accounting Shortage Real?
01:56 - Businesses Do Not Want to Pay Accountants
02:59 - What Is Our Government Doing to Stop This?
03:08 - If You Plan to Hire a Tax Preparer From Foreign Countries
03:32 - Mandatory Internal Revenue Code 7216 Disclosure and Consent
04:28 - Jobs Are Being Outsourced to Foreign Countries
05:03 - What If You Don't Want Your Tax Work Outsourced Overseas
Replay Video Link: youtu.be/JWbn28T23Us
#taxinformation #outsourcing #accountantjob
