Introduction Right now, U.S. CPA firms considering U.S. Accounting Outsourcing find themselves on the horns of a dilemma, choosing between two options. Should they select an offshore or nearshore destination for outsourced accounting? Often, they need to weigh the benefits and disadvantages of both these approaches.    In this blog, we will explore the differences between nearshoring...

Introduction  Outsourcing has become a widespread trend across various industry verticals worldwide. In the context of the U.S. accounting industry, where unique challenges persist, accounting outsourcing to India has gained significant traction, with countries like India poised to benefit substantially.  Today, many U.S. accounting firms outsourcing to India are doing so to address ...

Introduction  Indian firms are currently leading the outsourcing industry. Especially within the fund outsourcing space, they offer specialized expertise and cost-effective solutions for both hedge funds and private equity firms. This trend is not surprising. Several factors have contributed to the rise of Indian firms in the global outsourcing scenario.  Over the past decade, India ...

Introduction  Indian talent is going places recently. Talented Indian graduates are now in high demand across the financial sector in the USA and other countries. Furthermore, Indian talent is playing an increasingly significant role in supporting US GAAP and IRS Compliance for U.S. companies.  Why the U.S. is Looking to India for Accounting Talent  A combination of factors is at ...

Introduction Come the tax season and US CPA firms increasingly start looking out for additional staff to help them cover the additional workload. However, in recent years, the USA has been hit with a severe talent resource and CPA firms are finding it difficult to scout for accounting talent. Thus, they are increasingly turning to Indian talent to fill the gap. Reports suggest a shortag...

Introduction  Traditionally, accounting work in the USA has been the forte of U.S. accounting professionals. However, the USA is currently facing a massive accounting talent shortage. Over the last few years, a staggering 17% of the CPA workforce in the United States has left the profession, according to a report by The Wall Street Journal.   Over 300,000 qualified accountants resign...

Introduction  When it comes to handling 1120-S filings, CPA firms across the U.S. often face a key question. Should they go with an onshore team or explore offshore options? Each path has its benefits and trade-offs, particularly in terms of cost, quality, and data security. Today, 1120S outsourcing services are becoming more common. So, it is a good idea to spend a few minutes understa...

Introduction  Scalable finance teams are an integral component of businesses in the USA, crucial for the efficiency and growth of the company. These are finance departments that can quickly adjust their size and resources to meet fluctuating business demands. In return, they offer flexibility and cost-effectiveness, particularly for growing companies.  Scalable finance teams ensure f...

Introduction   Today's competitive business landscape requires Certified Public Accountants (CPAs) to transform from traditional number crunchers into pivotal strategic advisors. Their role is now extended beyond basic accounting tasks to enable them to handle complex financial challenges and make significant contributions to long-term success. Nowadays, CPA firms outsourcing to India ...

Introduction  Nowadays, offshoring accounting services to India is becoming a popular option among U.S.-based CPA firms and businesses. Over the years, offshore accounting to India has emerged as a strategic business decision that is imperative for CPAs and accounting firms of all sizes. After all, outsourcing helps firms leverage global talent and expertise. Thus, firms can improve eff...