This is much easier on the accounting Latest Mailing Database firms because instead of taking the time of hiring many new staff members, they only have to hire one outsourcing Latest Mailing Database firm. The fourth reason why outsourcing is becoming popular with accounting firms is because of the need of everything being digital Latest Mailing Database, it forces standardization. These means firms examine processes more closely, and they are able to make sure everything is exact with the standards. This is considered a hidden benefit.
The third reason is because their growth is virtual and Latest Mailing Database not physical, firms are able to take on more clients and not have to expand their physical space, such as new facilities, computers, and staff. The second Latest Mailing Database reason why outsourcing is popular with accounting firms is because the turn around time is faster. In places that work is Latest Mailing Database outsourced, like India, can be 10 hours ahead of time here Latest Mailing Database in the United States. This means that work that is sent out at the end of the work day can be returned by the start of the next work day. Lastly, outsourcing is cheaper than doing the same work Latest Mailing Database here at home.
Work that could cost between $20 - $25 U.S. dollars an hour here in the United States would only cost between $10 - $12 U.S. dollars Latest Mailing Database if outsourced. Also firms can avoid things such as, payroll taxes, sick pay, vacation time, benefits, and space and equipment costs. It is common knowledge that in the accounting profession, there are many rules and regulations. How is it possible that outsourcing can occur and stay with the standards that are Latest Mailing Database already set up? Next, we focus on Sarbanes-Oxley Act of 2002 and how it impacts the outsourcing of accounting.