Implementing Four-day Workweek: A Productivity Revolution

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The Covid pandemic has taught us a lot of things, one of which is the value of spending time with family and loved ones. The global health crisis transformed the way we do our businesses, and it pushed company owners to think of ways on how to become productive with much consideration on employee well-being. Intelligent Outsourcing recently implemented a four-day workweek schedule for its team members in exchange for the work from home (WFH) setup after the threat of the Covid pandemic has leveled off. Arguably, Intelligent Outsourcing is one of the very few companies in the Philippines who…

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Accountex Canada 2023 : The Experience

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Intelligent Outsourcing went to Accountex Canada 2023 and it was absolute success. It was a platform for a lot of professionals, leaders, and experts in the field of finance, accountancy, and bookkeeping to come together and share their knowledge, experience, and expertise about the industry. There were many talks for everyone to go to, to learn more and booths offering services and products to support the accounting and bookkeeping firms attending.There was lots of networking, learning, and exploring the latest trends that will shape the future of the accounting and the bookkeeping firms. Here are some of the highlights from…

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Why Offshoring is the Intelligent Way to Outsource

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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…

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Why Offshoring is a Smart Move for Accountants

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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.…

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Marketing for Accountants: How to Get Ahead of the Game

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Accountants do not generally use marketing strategies to grow their businesses. Most accounting professionals rely on client referrals.  They know that businesses will always need core accounting services such as bookkeeping, VAT returns, end of year accounts and payroll.  They hope that their clients will refer them to other business owners.  This can and does happen to accountants who look after their clients, but it cannot be relied upon to grow your business as you have no control over when and how often it happens. So how do you gain control over your business growth?  Business growth is not like…

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iO- Services Innovator of the Year Finalist

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The need and ability to constantly innovate is widely recognised as one of the major contributors to business success. Innovation is vital for the UK’s economic growth, productivity and prosperity. The Innovation Awards recognise, celebrate and reward the businesses, organisations and individuals who are dedicated to innovation.  iO is delighted to have been voted as a finalist in the Services Innovator of the Year category in the prestigous Innovation Awards. Here is why iO was selected:  Innovation is the driving force behind the growth and prosperity of businesses around the world. It propels organisations to stay ahead of the competition,…

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Are you stressed about finding a work-life balance?

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Even trying to achieve the ideal work-life balance can be stressful. The good news is that stress and leading a fruitful life can occur if you are experiencing the strain of growing your business while maintaining your lifestyle. You can find the balance that works best for you if you are mindful. How much stress is beneficial for you? The goal is to prevent your stress levels from pushing you down the other side of the bell curve, as demonstrated by the Yerkes-Dodson rule, which states that an individual's performance increases with stress until cortisol levels get too high and…

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How team members training increases your accounting practice skill set

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It is essential to invest time and resources in team member training. Your team members will feel appreciated, empowered, and involved with your company's mission when they see that you care about their future. That is excellent news for your team's morale and satisfaction scores and not to mention for the workforce's overall productivity.Investing in your team members' futureIf you want great things from your team, you’ve got to give them the very best support. A job is not a fixed thing. The role will evolve and change over time with new skills, responsibilities, and job descriptions.To offer your team…

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Accounting Methods and Trends in 2023

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Accounting methods and trends are always evolving, particularly as new technologies are developed. The development of new technologies combined with evolving client demands means that business needs and practices have altered over time. Today, accounting involves much more than just bookkeeping and ledgers. New solutions are being embraced by accounting companies in order to keep up with the times and better meet client needs.  High inflation and increasing interest rates means that clients demand more for less. Offshoring is the ideal approach to lower expenses, increase efficiency and profitability as your accounting practices expand. The trends listed below will help…

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Why #hamster?

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You may have noticed my headline on LinkedIn is “Let us be your Hamster and save you time to grow your business or allow you to breathe” and that I use #hamster for sign off on LinkedIn.You will no doubt think it is odd…..you may think this Nikolai Naylor is an accountant with an accountancy practice and an outsourcing offshore business, why on earth would he use #hamster and have such a weird headline.So let me tell you the story behind #hamster.I talk to a lot of accountants and the two things most complain about are:1.     Working too many hours and running around like a “hamster”…

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