Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Why Outsource tax to India ?

By Amitaabh Saboo Subscribe to RSS | February 2nd 2012 | Views:

Accounting is no easy task. It requires an attention to detail and accuracy, and it imperative for any success in business. Some business owners may think that record keeping is to be classified as a mundane task may and often misinterpret the importance of accounting.

The primary function of accounting is to provide information that can pinpoint trends within your operation. With proper records, you will be able to tell at a glance, which areas are productive and cost-effective and which areas require changes. The second function of accounting is to provide income information that can be retrieved and verified.

The need for proper accounting is acknowledged, but most small businesses, and especially those in the start-up phase may not have the resources to handle their accounting needs. Outsourcing is one option for businesses without the capability to do it themselves. India is considered as one of the best choices for outsourcing for all accounting and business firms.

Before you decide whether to outsource tax to India, you should take a closer look at the advantages.

Outsourcing for incorrect or inappropriate reasons may result in bigger challenges and unexpected increase in costs.

There are several reasons why you may consider to outsource tax to India. The primary benefit is the considerable cost savings that may be realized. Comparative salaries for the same type of work is much lower in India. The other important reason is that the training of accountants in India is second to none.

India has quickly developed to be a leader in fields such as information technology, and information technology is now being tied to accounting, as most of the processing is done with software. An old adage in business, is that time is money, and money likes speed. With the decision to outsource tax to India, you can expect the work to be done quickly and efficiently.

Outsourcing requires some planning, and if you outsource tax to India, there may be careful deliberations required before the decision is made.

Recent legislation enacted by the Internal Revenue Service, requires that anyone who is paid for preparing taxes, must be registered with a Preparer Tax Identification Number. The PTIN must be renewed annually and a few of the service providers will soon be required to pass a competency test and take continuing education courses. If you outsource tax to India, this can be troublesome if the provider that you choose is not fully registered.

The additional challenge when you are making the decision to outsource tax to India is to identify all of the risks associated with outsourcing and compare each against the resulting benefit. The benefits may not always outweigh the risks.

When you outsource tax to India, your service provider should assume some of the risk in return for your compensation. The risk that your supplier assumes is providing the right technology, experience and people in order to ensure that the job is performed properly, while you give up some control over the process. Your decision to outsource tax to India, should include an understanding of these risks and how they can affect the results of the outsourcing process.

Amitaabh Saboo - About Author: is a #1 selling tax outsourcing preparation firm for American CPAs. It provides the highest level of Accounting and Tax Preparation expertise and access to the latest technologies.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Grow your ventures with title outsourcing
Published by Amitaabh Saboo on December 1st 2011 | Business
The concept of outsourcing is a relatively new concept that has taken the business world by storm....
Company Formation in india - the Procedure and the Benefits
Published by Mukesh Kumar on May 17th 2012 | Business
Register your company before start your business that is very crucial task before making any plannin...
Tax outsourcing has many advantages.
Published by Amitaabh Saboo on February 2nd 2012 | Business
One of the advantages of Tax outsourcing, is that allows companies to take advantage of costs diffe...
Mortgage outsourcing is a must have for mortgage lenders
Published by Amitaabh Saboo on December 1st 2011 | Business
The process of acquiring a mortgage can be extremely difficult owing to the numerous procedures that...
Telescopic Conveyor india
Published by Aegis Engg on December 28th 2011 | Business
The telescopic conveyor helps in saving time as well as energy while loading the trucks and other ve...
IT Support Outsourcing - IT offshore outsourcing
Published by Darren Serio on March 2nd 2012 | Business
IT support outsourcing - IT offshore outsourcing means relocating information technology, or IT, ser...
Gets customer care outsourcing support 24X7
Published by Jacobroodik on August 8th 2012 | Business
Nowadays if you want to sell an internet item it's much better to take in account that each item has...
Business process outsourcing companies help organizations improve back office efficiency
Published by MOS Outsourcing on May 28th 2012 | Business

Business process outsourcing companies help organizations improve back office efficiency by prov...
Practical reasons to choose online bookkeeping outsourcing
Published by Amitaabh Saboo on March 14th 2012 | Business
Small scale businesses need proper financial help to keep their funds and taxes in check. With an in...
Algorithmic Trading in india
Published by Raj Kumar on June 29th 2012 | Business
Algorithmic trading involves the use of electronic platforms in order to enter trading orders with a...
Online bookkeeping outsourcing: Better outcome at lower price
Published by Amitaabh Saboo on January 6th 2012 | Business
An Online Bookkeeping Outsourcing service happens to be an incredibly popular conception nowadays fo...
A perfect option for start up businesses- accounting outsourcing
Published by Amitaabh Saboo on March 14th 2012 | Business
Setting up an accounting arm for a small business can be highly impractical especially with the popu...
The advantages of QuickBooks outsourcing for small enterprises
Published by Amitaabh Saboo on March 14th 2012 | Business
Standardizing your accounting can be tough without the right tools, and people to handle it. Thus, Q...
Protect Your Mark with Trademark Registration in india
Published by Mukesh Kumar on May 11th 2012 | Business
Indian market has seen major growth in recent years and also become key hub for investment. If you a...
What steps need to be taken before outsourcing bookkeeping?
Published by Amitaabh Saboo on April 19th 2012 | Business
Owing to its several advantages, outsourcing bookkeeping might seem to be too lucrative to ignore fo...
HR and employee benefits outsourcing- an Overview
Published by Julia Roger on January 6th 2012 | Business
HR has always been a vital pillar in an organization. They are important to any company because they...
What you need to know about QuickBooks outsourcing
Published by Amitaabh Saboo on April 24th 2012 | Business
QuickBooks is a business accounting software tool that can take care of all accounting related requi...
The Buzzword in IT outsourcing: Staff Augmentation services
Published by Webmaster on February 5th 2012 | Business
With a population as large as India and dedicated to achieving excellence in the field of cutting ed...
Cheap outsourcing solutions v/s quality outsourcing solutions
Published by Lisa Parker on February 6th 2012 | Business
Information technology has been growing tremendously and most of the companies focus on cost reducti...
Title outsourcing to ease your workload
Published by Amitaabh Saboo on December 1st 2011 | Business
There are many pertinent questions that relate to the sale and purchase of property. Any forward loo...