Outsourced Accounting and Finance Services

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.

In a bid to thrive post-pandemic, since the beginning of 2022, outsourced Finance and Accounting companies are positioning themselves for a new growth opportunity - by curtailing expenses, accelerating digital and advanced technology solutions, and leveraging a sustainable environment.

Over the past two decades, outsourcing has become a trending topic on a global scale, being perceived as an efficient way of implementing cost-effective measures.

Outsourcing is quickly becoming the way of the future, and for many companies, it is already the way of now.

Read about 9 approaches suggested by the expert, Mr. Tony Bolger, to improve the financial health of small businesses.