Decision-makers throughout virtually every industry depend on accurate bookkeeping to make strategic choices that shape the future of their companies. At the same time,
fiscally-responsible decisions are key to reducing overhead. Unfortunately, these cost-
cutting choices can lend way to selecting an inexpensive foreign accounting solution. In
doing so, these companies put themselves at risk. Based in Silicon Beach, our No Stress
Accounting team covers the key advantages of hiring US accounting services.
1. Legal Barriers
Depending on your industry, the information found on your financial records may
contain sensitive information. When you outsource your accounting needs to a foreign
company, you may be giving up the protections you would have in the US.
For example, bookkeeping oftentimes necessitates the collection of key earnings data,
bank information, client details, and more. If you cannot fully trust your accounting
team, this information could be compromised. On the other hand, stateside online
accounting firms are subject to US laws and regulations.
2. Complex Tax Codes
In many cases, accountants provide both bookkeeping and tax preparation services. In
turn, these trusted entities not only understand your full financial picture, but also guide
you toward making the most advantageous decisions to minimize your tax burden.
While US accounting teams are intimately familiar with the various rules and regulations
governing taxes, foreign firms are at a distinct disadvantage. As a result, their lack of
familiarity can cost tens of thousands, if not millions of dollars in the long run.
3. Differing Time Zones
Throughout the continental US, the highest-possible time zone difference is just three
hours. For example, No Stress Accounting is based in Southern California, which uses
Pacific Standard Time (PST). New York, however, uses Eastern Standard Time (EST).
Despite the difference, there are still five full working hours of overlap.
When a company outsources to an international accounting firm, they are leaving
themselves vulnerable to time zone differences of up to twelve hours. In turn, they may
face significant customer support delays, an especially concerning challenge with time-
sensitive financial information.
Closing Remarks
To circumvent the obstacles associated with hiring an international accounting firm, our
recommendation is to outsource to a US online accounting solution. Although foreign
bookkeeping may cost less in the short run, it may not be the best decision for your
company’s long-term viability.
If you are seeking a reputable US bookkeeper, our No Stress Accounting team is here to
support you. For more information, please visit nostressaccounting.com. Before deciding
on an accounting solution, be sure to double-check where they