Offshore Accounting & Tax Services

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.

Expert Workforce

Easy availability of talented graduates & qualified professionals
Advanced proficiency in handling outsourced financial tasks

Technological Competence

Using advanced financial technologies & Software
Smooth transition of outsourcing services to India

Service Excellence

Adherence to global accounting standards & Regulatory Surveillance
India holds a leadership position in the global offshore outsourcing market

Linguistic Competence

India's strong emphasis on English education
Use of English as a business language

Flexibility & Time Zone

Smooth scalability on demand
Availability of common working hours due to UTC+5:30 time zone

Cost Efficiency

Opportunity to arbitrage lower Manpower costs in India
Considerable savings on infrastructure & operational expense

Our Engagement Models

Let’s explore the details of offshore outsourcing of 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 professional accounting firms.

Managed Team Model

Description:

Dedicated offshore team for seamless operations & complete control with two options:

Full-time Monthly Hire (160 Hours per Month)
Part-time Monthly Hire (80 Hours per Month).

Overview:

Hiring of Staff Accountants / Senior Accountants exclusively based on client requirements.
The team will work full-time exclusively for the client either full-time or part-time.
The client will have complete control over the team.
The team will work under the direct supervision of the client and report directly to the client.
The client will interact directly with the team.

Continued...

Client Role

The client will allocate work directly to the team.
The client solely owns the team’s utilization.
The client will actively monitor and review the team’s work, exercising complete control over it.
Please inform us of new candidates who will be hired well in advance.

Our Role

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

Shared Role

Working together for imparting training to newly joined candidates.
Connecting with each other regularly.

Description:

Collaborative outsourcing with shared tasks & responsibilities.
Minimum of 25 Hours per Month.

Overview:

Hiring of Staff Accountants / Senior Accountants for book-keeping, accounting, payroll or tax work.
Single Point of Contact (SPOC) for mutual coordination and practical completion of work.
The team will contact the client for any clarification or requirements as and when needed.
Bookkeeping/payroll/tax returns in the software provided by the client.
Bank Reconciliation.
Generation of periodic reports.
The team will work under our supervision and will report to us.

Continued...

Client Role

The client will share the required data in the cloud storage folder maintained.
Both parties will have access to the folder.
Prompt response to queries and clarifications of the team.
Resolution of operational challenges, if any.

Our Role

We will allocate work after consultation with the client.
The team’s utilisation solely lies with us.
Monitoring and review the work of the team.
Collaborative partner in the co-sourcing model.
We complement your team.
Resolution of operational challenges, if any.

Shared Role

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

Co-Sourcing Model

Project Based Model

Description:

Empowering to access specialised skills and resources for short-term engagement.
As per the project requirements subject to a minimum of 25 Hours.

Overview:

Assessment of team members required for a project based on the size of the project, skill sets and timelines.
Allocation of team members for the execution of the project.
The team will work under our supervision and will report to us.

Continued...

Client Role

The client will share the required data in the cloud storage folder maintained.
The client will respond promptly to queries and clarifications.

Our Role

Reporting the progress of work as per the milestones.
Reviewing and monitoring the work of team members.
Timely completion and smooth delivery of services.

Shared Role

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

Pricing Model for Offshore Accounting & Tax Services

Flexible Pricing, Lower Commitments and Huge Savings!

Managed Team Model

The fee will be fixed per month per employee, according to skill levels whether full-time or part-time.
Billed fortnightly in advance.
The contract shall be for a minimum period of 6 months.

Co-Sourcing Model

The fee will be based on an hourly rate or per account per month, with a minimum of 25 hours per month.
Billed fortnightly in advance.
The contract shall be for a minimum period of 6 months.

Project Based Model

The fee will be based on an hourly basis or a fixed price for the project, with a minimum of 25 hours.
Billed in advance.

Full-time Monthly Hire

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

Part-time Monthly Hire

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

Hourly Rate

Minimum 25 Hours/Month
Minimum 25 Hours/Project

The process to kick start the outsourcing journey!

Outsourcing accounting & tax services to India is a strategic move that foreign professional accounting firms should consider. As the world’s fastest-growing economy with a wealth of talent, India is the ideal destination for outsourcing. With a partner like Anandram Sarda & Associates, you can rest assured that your business gets solutions that maximise efficiency, cost savings, and accuracy and pave the way for future growth and development.

Managed Team Model

Defining requirements and terms & conditions.
Agreement sign-off.
Develop a transition plan for knowledge transfer.
On-boarding of team members.
Train the team for the processes and expectations.

Co-Sourcing Model

Agreement on the scope of work.
Agreement sign-off.
Develop a transition plan for knowledge transfer.
Allocation of work to team members.
Train the team on the processes and expectations.

Project Based Model

Agreeing on the scope of work.
Sharing Project details and terms & conditions.
Agreement sign-off.
Assignment of team members.
Brief the team on the processes and expectations.

Value Proposition for Offshore Accounting & Tax Services

Cost Efficiency

Best of resources and services at a very reasonable cost compared to accounting firm’s home country.

Timely Compliance

Helping clients by doing timely statutory compliances, thus saving them from unwanted interest, penalties, and litigations.

Confidentiality

Maintaining absolute confidentiality of clients’ information and documents.

Pro-active Advice

Staying current is the need of the hour. Our proactive advice, flavoured with a practical approach, will keep you ahead with quick decisions and prompt actions.

Complete Ownership & Dedication

Always acting with a sense of ownership and complete dedication to clients’ soul (read “sole”) benefit.

Increased Productivity

Overseas professional accounting firms will benefit immensely from our services, increasing productivity.

Growth

Helping accounting firms get more and more business, which we can handle with ease & breeze.

Lean Team

Clients can trim their high-cost employees in their home country by outsourcing our services.

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