Sri

Offshore Accounting
& Tax Services

Streamline Your Business with Our Offshore Outsourcing Services for Bookkeeping, Accounting, Payroll and Tax: Increase Productivity, Boost Profits, and Stay Competitive.

Global Accounting Solutions, Delivered From India

Outsourcing as a Strategy

Offshore outsourcing has emerged as a fundamental strategy for reshaping the dynamics of global accounting services.

Operational Excellence

By outsourcing non-core tasks, the internal team can concentrate on core areas, leading to increased productivity. Outsourcing will also allow the company to invest more time in business development, boosting its competitive edge and profits.

Cost Efficient

Offshore outsourcing thrives for its cost efficiency. Leveraging global talent markets enables organizations to access skilled professionals at a fraction of local costs, optimising operational expenses.

Competitiveness

Offshore outsourcing boosts efficiency with 24/7 operations, leveraging time zones for faster project timelines, improved customer responsiveness, and global competitiveness.

Advantage India

Foreign accounting firms can reap several benefits by outsourcing bookkeeping, accounting, payroll and tax services to our firm based in India.

Our Engagement Models

Let’s explore the details of offshoring and outsourcing for bookkeeping, accounting, payroll, and tax services, a strategic process that can reshape your professional practice operations. In this domain, we provide three distinct models, each tailored to address the diverse needs of foreign professional accounting firms.

Dedicated Talent Model

Your Trusted Offshore Team

We build and manage a specialised team, fully integrated with your operations, providing seamless expertise and unwavering support.

Gain a high-performing, dedicated accounting and tax team in India, entirely managed by our experts and solely operated by you to ensure optimal results and efficiency.

Check our unique HNET Approach (Hire-Nurture-Evolve-Transfer)

Shared Talent Model

Collaborative Excellence

Elevate your in-house capabilities with our specialised offshore talent. We work hand-in-hand to optimise your accounting and tax functions.

Expand your capacity and access specialised talent by partnering with our offshore professionals, working seamlessly with your existing onshore team.

Task-Based Model

On-Demand Expertise

For specific needs and defined outcomes, our task-based model delivers targeted, high-quality accounting and tax services on demand.

Access specialised accounting and tax support exactly when you need it, with clear deliverables and predictable outcomes.

Dedicated Talent Model

Your Trusted Offshore Team

Features

  • We build and manage a specialised team, fully integrated with your operations, providing seamless expertise and unwavering support.
  • Gain a high-performing, dedicated accounting and tax team in India, entirely managed by us and exclusively operated by you to ensure optimal results and efficiency.
  • Dedicated offshore team for seamless operations & complete control with the following two flexible hiring options:
    • Full-time Monthly Hire (160 Hours per Month)
    • Part-time Monthly Hire (80 Hours per Month)

Continued...

Features

  • You can select the hiring options that meet your requirements for specific team members.

  • Our unique HNET Approach (Hire-Nurture-Evolve-Transfer) for a smooth transition of offshore talent to your payroll for a nominal compensation after two years of full-time hire engagement.

Methodology

  • Hiring of offshore Staff Accountants / Senior Accountants / Associates / Senior Associates, exclusively based on your requirements. Require a 15-45 day turnaround for hiring.
  • The selected offshore team member(s) will work exclusively for you, either full-time or part-time, based on your preference.
  • You will have complete control over the offshore team member(s).
  • The offshore team member(s) will work under your direct supervision and report directly to you.
  • You will interact directly with the offshore team member(s).
  • Required software to be provided by you.

Our Unique HNET Approach (Hire-Nurture-Evolve-Transfer) for Seamless Talent Integration

Looking to build a highly skilled and dedicated offshore accounting and tax team without the initial overheads and complexities? Our innovative HNET Approach (Hire-Nurture-Evolve-Transfer) offers a seamless path to integrate top-tier talent directly into your organisation.

Continued...

How HNET Works

Hire

We meticulously source and recruit experienced accounting and tax professionals in India, aligning their expertise with your specific requirements. These individuals are initially hired and employed by our firm.

Nurture

These dedicated offshore resources work full-time as an integral part of your team. While they operate under your guidance, we manage all the complexities of HR, payroll, benefits, and infrastructure from our Indian operations. This allows you to focus on core business activities while benefiting from their expertise.

Continued...

How HNET Works

Evolve

Over the next two years, offshore professionals will gain an in-depth understanding of your business processes, systems, software, working style, client delivery, and organisational culture. They evolve into highly specialised assets, becoming intimately familiar with your unique accounting and tax needs.

Transfer

After two years of successful completion of full-time engagement by an offshore team member, you have the exclusive option to seamlessly transfer the dedicated offshore resource to your company’s payroll. A one-time payment equivalent to four months of their compensation finalises the transfer, making them a permanent member of your internal team.

Why HNET is Your Strategic Advantage

Risk-Free Talent Acquisition

Test and evaluate dedicated offshore resources for two years before committing to a permanent hire.

Cost-Effective Expansion

Access highly skilled professionals at competitive offshore rates, which are a fraction of onshore costs, with the flexibility to eventually internalise them without compromising on quality.

Scalability & Flexibility

Easily scale your team up or down based on your evolving business demands, ensuring you always have the right offshore talent.

Focus on Core Business

Offload operational complexities to us, allowing your onshore teams to concentrate on strategic initiatives and growth.

Continued...

Why HNET is Your Strategic Advantage

Seamless Integration

Your team member is already embedded and productive on day one of transfer, and remains so after two years.

Enhanced Productivity

Build a foundational team that thoroughly understands your business, leading to greater efficiency and accuracy.

Long-Term Partnership

We strive for enduring relationships, cultivating a stable and consistent offshore team that evolves with your business.

Reduced HR Burden

We handle the initial recruitment, onboarding, and ongoing HR management during the two-year nurturing and evolution phase.

Continued...

Why HNET is Your Strategic Advantage

The HNET approach under the Dedicated Talent Model is designed for foreign accounting firms that envision a long-term, scalable offshore solution and seek to integrate highly trained professionals directly into their core operations.

Mutual Roles and Responsibilities

Your Role

  • You will allocate tasks or work directly with the offshore team member(s).
  • You solely own the offshore team’s time utilisation.
  • You will actively monitor and review the offshore team’s work, exercising complete control over it.
  • Inform us of new talent requirements for offshore hiring in advance.
  • You shall bear applicable levies, taxes, etc. in your country.

Continued...

Mutual Roles and Responsibilities

Our Role

  • Provision of complete office set-up & infrastructure, computers, internet, and other facilities for the offshore team member to deliver the services.
  • Manage the team regarding attendance, leaves, working hours, payroll, and other benefits.
  • Payroll and other statutory compliances in India.
  • Recruitment or replacement of offshore team members as and when needed.

Continued...

Mutual Roles and Responsibilities

Shared Role

  • Working together to impart training to newly joined offshore resources.
  • Connecting with each other regularly.
  • Client Data Protection.

Features

  • Elevate your in-house capabilities with our specialised offshore talent.
  • We work hand-in-hand to optimise your accounting and tax functions.
  • Expand your capacity and access specialised talent by partnering with our offshore professionals, working seamlessly with your existing team.
  • We serve as your collaborative partner.
  • We complement your onshore team.

Methodology

  • Assigning appropriate shared offshore talent for book-keeping, accounting, payroll or tax work by us.
  • Single Point of Contact (SPOC) for mutual coordination and practical completion of work.
  • The offshore team member will contact your SPOC for any clarification or requirements as and when needed.
  • The offshore team member will work on bookkeeping, payroll, and tax returns using the software provided by you.
  • The offshore team will work under our supervision and will report to us.

Mutual Roles and Responsibilities

Your Role

  • You will share the required data in the cloud storage folder for easy access.
  • Giving us access to the cloud folder.
  • Prompt response to queries and clarifications from the offshore team.
  • Resolution of operational challenges, if any.
  • You shall bear applicable levies, taxes, etc. in your country.

Continued...

Mutual Roles and Responsibilities

Our Role

  • We will allocate the work to our shared offshore team after consultation with you.
  • The offshore team’s utilisation solely lies with us.
  • Monitor and review the offshore team’s work.
  • Prompt delivery of services.
  • Resolution of operational challenges, if any.
  • Payroll and other statutory compliances in India.

Continued...

Mutual Roles and Responsibilities

Shared Role

  • Appointment of SPOC.
  • Working in collaboration for the smooth completion of outsourced work.
  • Connecting with each other regularly.
  • Client Data Protection.

Shared Talent Model

Collaborative Excellence

Task-Based Model

On-Demand Expertise

Features

  • For specific needs and defined outcomes, our task-based model delivers targeted, high-quality accounting and tax services on demand.
  • Access specialised accounting and tax support exactly when you need it, with clear deliverables and predictable outcomes.
  • Empowering to access specialised skills and resources for short-term engagement.

Methodology

  • Assessment of offshore team members required for the task based on the size of the task, skill sets and timelines.
  • Assigning tasks to offshore team members for the execution of the task.
  • Single Point of Contact (SPOC) for mutual coordination and practical completion of work.
  • The offshore team will work under our supervision and will report to us.
  • Required software to be provided by you.

Mutual Roles and Responsibilities

Your Role

  • You will share the required data in the cloud storage folder for easy access.
  • Giving us access to the cloud folder.
  • Prompt response to queries and clarifications from the offshore team.
  • You shall bear applicable levies, taxes, etc. in your country.

Continued...

Mutual Roles and Responsibilities

Our Role

  • Reporting the progress of the task to you as per the milestones.
  • Reviewing and monitoring the tasks of offshore team members.
  • Timely completion and smooth delivery of services.
  • Payroll and other statutory compliances in India.

Continued...

Mutual Roles and Responsibilities

Shared Role

  • Appointment of SPOC.
  • Working in collaboration for the smooth completion of outsourced work.
  • Connecting with each other as needed.
  • Client Data Protection.

Pricing Model for Offshore Accounting & Tax Services

Flexible Pricing, Lower Commitments and Huge Savings!

Dedicated Talent Model

  • Our fee will be a fixed monthly rate per offshore talent, based on skill level and full-time or part-time engagement.
  • Billed fortnightly in advance.
  • The contract shall be for a minimum period of six months.

Shared Talent Model

  • Our fee will be based on either an hourly rate with a minimum of 40 hours per month, depending on the skill level, or a fixed monthly rate per account.
  • Billed fortnightly in advance.
  • The contract shall be for a minimum period of six months.

Task-Based Model

  • Our fee will be based on either an hourly rate basis, with a minimum of 20 hours per task or a Unit Price per task, with a minimum monthly billing equivalent to USD 500.
  • Billed in advance.

Full-time Monthly Hire Option

  • 8 Hours/Day
  • 5 Days/Week
  • 160 Hours/Month

Applicable to the Dedicated Talent Model

Part-time Monthly Hire Option

  • 4 Hours/Day
  • 5 Days/Week
  • 80 Hours/Month

Applicable to the Dedicated Talent Model

Hourly Rate

  • Minimum of 40 or 20 Hours per Month as applicable to model

Applicable to the Shared Talent and Task-Based Models

Unit Price

  • Unit Price for each unique task
  • Minimum monthly billing equivalent to USD 500

Applicable to the Task-Based Model

The process to kick-start the offshoring journey!

Offshoring accounting and tax services to India is a strategic move that foreign professional accounting firms should consider. As the world’s fastest-growing economy and a hub of talent, India is an ideal destination for offshoring these services. With a trusted partner like Anandram Sarda & Associates, you can be confident that your business receives solutions that maximize efficiency, cost savings, and accuracy, paving the way for future growth and development.

Dedicated Talent Model

  • Discovery Call to understand your offshore hiring needs.
  • Defining your requirements and finalising the terms & conditions.
  • Agreement sign-off.
  • Shortlisting the best Talent matching your requirements
  • You are free to choose the right fit through interviews
  • Onboarding of hired Talent on our payroll.
  • Develop a transition plan for knowledge transfer.
  • Train the offshore team on the processes and expectations.

Shared Talent Model

  • Discovery Call to understand your outsourcing needs
  • Defining your requirements and scope of work.
  • Agreement sign-off.
  • Assigning work to offshore team members.
  • Develop a plan for knowledge sharing.
  • Train the offshore team on the processes and expectations.

Task-Based Model

  • Discovery Call to understand your outsourcing needs
  • Agreeing on the scope of work and tasks to be performed.
  • Agreement sign-off.
  • Assigning work to offshore team members.
  • Brief the offshore team on the processes and expectations.

Value Proposition for Offshore Accounting & Tax Services