The most frequently asked question we get at conferences, exhibition and events is, “I’m considering outsourcing.  Can you please let me know how it works with you?”.  As we are called Intelligent Outsourcing, the question is a fair one.  We reply that offshoring is the intelligent way to outsource.    Let me explain.  The terms "outsourcing" and "offshoring" are often used interchangeably, leading to confusion. While both concepts involve the delegation of tasks to external entities, they differ significantly in scope, geography, and strategic intent. So, let’s have a closer look at the difference between outsourcing and offshoring and the…

In the ever-changing landscape of accounting, accountants are increasingly turning to offshoring as a strategic tool to enhance efficiency, reduce costs, and stay competitive. Outsourcing bookkeeping, tax returns, VAT, and accounting functions to offshore locations, such as the Philippines, has emerged as a game-changer for UK, European, UK and Canadian accounting firms.  Offshoring offers many benefits which go beyond simple, yet attractive, cost savings. . Cost Savings The most apparent advantage of offshoring bookkeeping, tax returns and other accounting tasks is the substantial cost savings. The UK has a high cost of living and an associated high cost of labour.…