Why CPA firm Should Hire Remote staff for Accounting & Bookkeeping?
Today’s accounting industry is becoming more competitive day by day. Most of the CPA firms would like to stretch their wings in terms of business to obtain more clients. In this competitive market era, CPAs main focus is compliance requirements of the IRS, banks, and investors – taxes, audits, financial planning and advisory services rather than bookkeeping or payroll accounting.
Every accounting firm should understand what they need and what to look for as they search for the best bookkeeper for their day to day accounting stuff. But, the concern is finding and train bookkeeper while still focusing on core CPA services – tax and attest functions. It takes a lot of effort to build and keep a well-managed in-house accounting team capable of executing best practices for your firm.
Don’t be surprised that CPAs get over-controlled with routine tasks including bookkeeping, payroll, and filing tax returns, which are time-consuming and not profitable or productive. So in such a scenario, CPAs & Accounting firms looking for remote staff in order to manage everything effectively and professionally.
How about Offshore Staffing concept? Offshore staffing allows CPAs to hire virtual bookkeeper or accountant and focus on value-added services such as tax planning, investments, wealth management, Insurance, financial disclosures, and advising clients. With remote staffing services, utilizing a virtual team for your bookkeeping gives you access to an experienced team that specializes in accounting related stuff for less than the cost of an n-house employee. What can the remote staff candle?
- Journal entries
- Accounts payables and receivables
- Payroll processing
- Bank reconciliation
- Prepare management reports
- Taxation preparation
Benefits of remote staffing for your CPA firm:
- No staff management
- Faster turn-around time of work.
- Work is done by remote staff with CPA Firm/Tax experienced
- Save office space, extra workstations costs, and staffing expenses.
- No infrastructure overheads
- 100% IRS compliant bookkeeping
- Scalable up or down depending on your needs with no minimums
- Use of cloud-based software for real-time access for you and your clients
- No dedicated partner required to hire, train and monitor quality within the bookkeeping department
It is becoming significantly difficult for accounting firms to find skilled and dedicated staff. And, if you find the right one. They keep looking for more opportunities elsewhere and jump jobs. So, it’s hard to plan for the growth of your accounting firm and managing the in-house team parallel. However, by choosing remote staff you can undoubtedly plan for the growth of your business for the long term.
Having a virtual remote team not only brings the flexibility to your business, but it also gives you a cost savings of 50% or increasingly and consequently you can essentially expand your net revenues.
Entigrity™ is a trusted offshore staffing partner to over 500+ accountants, CPAs and tax firms across the US and Canada. Our flexible and transparent hiring model gives helps firms of all sizes to hire staff for accounting, bookkeeping, tax preparation or any other task for 75% less cost. As a firm 'run by accountants, for the accountants', Entigrity captures the hiring needs of accounting firms most precisely, providing staff that works directly under your control and management, still you are left with least to worry about compliance, payroll taxes, overheads or any other benefits.