How to Scale Your Accounting Firm Through Offshore Outsourcing
According to research by IBISWorld, the US market for accounting services has grown an average of 0.6% per year between 2018-2023.
Yet at the same time there are:
• 340,000 fewer accountants in the US now than in 2019
• decreasingly fewer candidates taking the CPA exam
• a declining number of college accounting graduates
This all adds up to a significant challenge for organizations that need to grow their accounting staff. In 2022 alone there were 190,000 open accounting positions in the US.
That’s why many are now looking at recruiting offshore to scale up their accounting staff. By going overseas, savvy organizations are finding that accounting talent is not only more abundant, but up to 70% less expensive.
The accompanying infographic illustrates how you can scale your accounting organization by going offshore.
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