Can you explain the difference between domestic and international outsourcing of accounting services?
When you outsource accounts in-country, you are hiring a company or individual in your country to handle your accounting activities. This means you are working with professionals who understand local tax laws, regulations and business practices. Communication is generally easier because you may be at the same time, speak the same language, and deal with the same cultural norms. Many international outsourcing firms have specialized skills in accounting and can deliver high quality services at a fraction of the cost of internal recruitment but there are also some challenges to be had they are considered.
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