Outsourcing has evolved tremendously in the last one decade. Many small to mid-size CPA firms outsource their back-office and most of their tax compliance work to various offshore locations across the globe. It is evident the biggest driver to do is to cut costs substantially and to free up their practice staff for high-end jobs like budgeting and forecasting.
The question is are the CPA firms really saving that much when it comes to hiring an offshore team rather than an in-house staff? QXAS has compared the cost of hiring and maintaining an in-house practice staff for your CPA firm to outsourcing a qualified team.
Seems like a no-brainer to us!