Outsourced Accounting and Finance Services

In the ever-evolving landscape of the accounting sector, significant transformations are taking centre stage.

Major transformations are underway in the fast-changing landscape of the accounting industry. Besides technological advancements, offshore accounting is the latest trend that has taken the industry by storm.

"Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings."

In today’s fast-paced business environment, tech and accounting firms are facing increasing pressure to streamline their operations and improve their bottom line.

Recruitment Process Outsourcing (RPO) is growing, with its market size valued at USD 6.71 billion in 2021, and projected to reach USD 19.96 billion by 2028, at a CAGR of 18.2% over the forecast period.

Making Tax Digital (MTD) is a push by the UK government to gradually ease the tax filing process for both individuals and institutions, in order to improve their grasp on financial affairs.

IMS Decimal is participating at the World Congress of Accountants 2022, aka ‘Olympics of the Accountancy Profession’, which is being held from Nov 18-21, 2022 at Jio World Centre in Mumbai, India.

At present, the US and UK markets are experiencing an inflationary period, with the inflation rate in the US sitting at 8.3%, and the inflation rate in the UK recorded at 9.9%, as of August 2022.

Tactical business decisions and break-even analysis (used to examine the relation between the fixed cost, variable cost, and revenue) run hand-in-hand that impact a business’ profitability, and help in calculating costs, budgeting, setting targets, and computing margin of safety.