Establishing your offshore unit in India
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Establishing your offshore unit in India
In recent years, many CPA firms have shown a keen interest in setting up direct offshore units in India with the goal of cost reduction, accessing a skilled pool of audit personnel, and having greater control over their operations. However, we understand that this process can come with significant challenges that need to be addressed for a smooth and successful transition.
Key Challenges Faced by CPA Firms
Getting the Right Candidate
Finding qualified professionals who align with your firm's values and requirements.
Maintaining Quality Standards
Ensuring the quality of work meets the high standards expected in the U.S. and U.K. markets.
Office Space and Infrastructure
Securing suitable office space and establishing the necessary infrastructure for smooth operations.
Compliance with Indian Regulations
Navigating the legalities and regulatory requirements for setting up an offshore unit in India.
Managing Time Zone Differences
Overcoming the challenges of coordinating between time zones in India and the U.S./U.K.
Reporting Hierarchy and Task Allocation
Setting up effective reporting structures and task distribution to maintain operational efficiency.
Extending Work Culture
Integrating a company’s onshore culture and work environment with the offshore team.
How ShamiEquibooks Can Help
We have a proven track record of assisting CPA firms in establishing and successfully managing their offshore units in India. We handle the complexities of the process and ensure a smooth transition while taking full responsibility for overcoming the challenges listed above. Our process is designed to ensure that the offshore unit operates efficiently and effectively from day one, with your firm maintaining full control over the operations.
Our Process Summary
Understanding Offshore requirements
We begin with detailed discussions with the CPA firm to thoroughly understand their specific offshore requirements and goals.
Selection of right location in India
Based on the firm’s needs, we help select an ideal location in India that offers the best combination of cost, talent availability, and infrastructure.
Office space and Infrastructure setup
We negotiate for suitable office space and oversee the complete office setup, ensuring that all infrastructure requirements are met.
Hiring an Indian head
We help hire an experienced Indian head to manage the offshore unit, ensuring smooth day-to-day operations.
Building a skilled audit team
Our team sources, recruits, and hires a skilled audit team that meets the specific needs of the CPA firm.
Operational supervision
For the initial agreed period, shamiequibooks supervises the operations, providing guidance and support to ensure everything runs smoothly.
Final Handover
Once the offshore unit is fully settled, we facilitate the final handover of operations to the CPA firm, ensuring they have full control and are equipped to manage the unit independently.
With shamiequibooks expertise, CPA firms can set up and operate their offshore units in India seamlessly, ensuring cost savings, quality assurance, and efficient management throughout the process.
Why choose us
- Cost Efficiency
Outsourcing your accounting and tax services to us saves you valuable time and money. We handle staff hiring and training, allowing you to focus on growing your business.
- Expertise
Our team of experienced accounting and tax professionals possesses deep industry knowledge and expertise to manage all your financial needs, from bookkeeping and auditing to tax and compliance.
- Quality Control
We follow a stringent quality control process to uphold the highest standards of accuracy and compliance. Every financial report, tax return, and data entry undergoes thorough review and verification to ensure error-free results that align with regulatory requirements and best practices.
- Data Security
We prioritize data security and implement advanced measures to safeguard your financial information. Our processes comply with industry standards and regulations, ensuring the highest level of protection for your data.
- Dedicated Staff
Our dedicated staffing model provides you with a team of experts focused exclusively on your project, delivering personalized attention and customized solutions. This approach guarantees consistency, accountability, and exceptional service quality, ensuring we exceed your expectations.
Trust us to handle your accounting, so you can focus on growing your business!
Get in Touch
Ready to streamline your accounting and audit processes? Reach out to us today to learn more about how we can help your business thrive.
