Accountants are under pressure to deliver services at a lower cost to attract new customers and avoid losing existing customers to competitors. Outsourcing work provides scope for any accountant to secure immediate savings through lower direct and indirect employment costs. When considering outsourcing, a good place to start is estimating the savings available based on location and the type of resource needed.
The team at Initor Global have prepared a calculator to help accountants estimate the savings available by outsourcing work offshore. The calculator is available on our website, and a link is provided below.
The calculator is easy to use and requires basic information to be entered about the UK regional location of the onshore accountant and type of resource required offshore. The calculator draws on salary information published annually by UK recruitment companies and the full-time equivalent cost of a resource provided by Initor Global.
Initor Global customers have the flexibility to commission resources when they need them on an ad-hoc (pay as you go), half time equivalent or full-time equivalent basis. There are other benefits from outsourcing work, including:
- access to a stable team of professionals
- increased quality and consistency of work
- better turnaround times
- improved client experience.
Initor Global customers have found outsourcing has helped them innovate and deliver change. Investment in new technologies such as cloud accounting and automation of tasks allows seamless introduction of outsourced accountants to the day-to-day operations of a Practice with the minimum of disruption. This allows accountants to scale up without taking on the additional risk and costs of direct employment.
Conclusion
Using an offshore supplier is increasingly becoming the normal way of doing business for UK accountants. Initor Global’s outsourced tax, accounting and payroll services are suitable for all client engagements – from sole traders and micro businesses to large companies. We offer a free trial of up to 10 hours of accountant time and we promise to turn your trial work around within 72 hours.
If you are an accountant looking to outsource services for the first time, increase margins and help your client’s thrive, you can book a video call with one of Initor Global’s expert advisors using this link or send an email to hello@initor-global.co.uk.
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