Does your firm need a partner to take on some of its accounting and bookkeeping work? Here are ten reasons to consider it.
1. Room to grow
With a firm you trust doing the preparation, you can take on more clients and still deliver on time.
2. Save time and do more
Hand the preparation to accountants and bookkeepers who will commit to it. Your clients are served, and you have more time to grow the practice.
3. Lower costs
You don't take on salaries or recruit. Look for a partner that works to the same standards as your own firm, and pay it only for the work you send.
4. Capacity in the busy season
When the busy season peaks, a partner firm takes the overflow, so your team isn't stretched and deadlines aren't missed.
5. A wider team
A firm is only as good as its team. Choose a partner that will commit for the long term, and it becomes part of yours.
6. No new fixed costs
Your partner isn't on your payroll. You pay a fee per job, agreed in advance, so the work gets done without adding to your overheads.
7. More clients
With preparation handed over, you have time to meet new clients and win their work. The new business more than pays for the time freed.
8. Specialist skills
Some work needs skills your team may not have. An outsourcing firm with that experience can do it without you hiring for it.
9. Costs you can see
You pay per job, so you can see exactly what each piece of work costs and compare it with what you bill.
10. More control, not less
Giving client work to another firm can feel like losing control. In practice you set the standards, you review the work and you keep the client. Agree confidentiality in writing, and get your clients' permission to share their information, as the Tax Practitioners Board's Code of Professional Conduct requires.
See what we prepare for firms on our services page, or see our prices.