Why Outsourcing Your Bookkeeping and Tax Preparation Could be the Best Choice?

Outsourcing is paying an outside company or an expert on the field to perform tasks for your business (Lutkevich B.).

Here are some of the reasons why you should consider this option:

1. You don’t have to pay for employee benefits.

As has been said, an outsourced company isn’t your employee, so you will not need to pay for their benefits such as insurance, leaves, and b

2. You are not responsible to provide them incentives.

Some employees need incentives from the company to improve their work or it may serve as their reward for a good performance. However, since an outsource company is not your employee, they will give you an outstanding output because you paid for their value, not merely for their work.

3. The service providers are the experts.

All you need to do is orient the service provider regarding your business and provide them with the necessary documents for the reports they needed to prepare. After that, they already have their own process to perform the accounting cycle on their own.

4. You don’t have to spend time and money in training.

Simply put, an outsourcing company are usually composed of professionals and highly-trained individuals in their niche.  They are usually degree holders in accounting and are certified tax preparers.

5. You can have more time in your hands.

If you decide to outsource, the accounting, bookkeeping, tax preparation and/or regulatory reporting side of your business are already out of your hands.  You will be able to focus more on your business: its production, marketing, and growth

You can enjoy all these benefits if you can get a reliable provider.  Be warned.  Choose wisely.  Get a provider you can properly communicate with, who can provides value and  can be your partner in achieving your business goals.  

Read our blog on When it’s time to outsource your accounting, bookkeeping and tax filing.   


"Do what you do best, outsource the rest."

-Peter Drucker

Mary Joy Capsa Junior Accountant of SGL Accounting

Mary Joy A. Capsa is a junior accountant at SGL Accounting and Business Solutions.  A multi-talented young lady who also loves to contribute information as a blogger.