Once you have selected an outsourced accounting and bookkeeping vendor be prepared to invest some time in defining the relationship. At a minimum you should have a written agreement defining the following: a The accounting statements that you expect an...

Welcome to my Accounting Laboratory: Today’s Experiment is Outsourcing. By Richard J. Muscio Richard found that by outsourcing he saved 80% of his time to finish a tax return. Read on for the blow by blow. details Wash your hands and put ...

One of the first things you hear about offshoring is that it would increase the potential for data theft. Let us assess this perception in a common sense way. When we talk about any “increase” we have to say compared to what. In this case the CPA h...

Offshoring and outsourcing are headline news today. Popular news sources as well as business news carry daily articles on the virtues and vices of offshoring. How does offshoring affect the local CPA firm? Let us state some axiomatic truths: ...