Posts

Why US Accounting Firms Are Increasingly Outsourcing to India

In recent years, many U.S. accounting firms have started sending their work overseas. India has become the most preferred destination for this shift. The main reason is simple—American firms want skilled help at a lower cost without losing quality. Lower Costs Without Cutting Corners Labor costs in the U.S. are high, especially for trained accountants and CPAs. In India, firms can hire professionals with the same qualifications at a fraction of the cost. This cost gap helps U.S. firms manage more clients and offer better rates without shrinking profits. It also allows smaller accounting firms to compete with larger ones. Outsourcing also saves on hiring, training, and office expenses. Instead of adding full-time employees for short-term projects, firms can pay only for the work they need. That flexibility makes outsourcing a smart business move. Skilled and Reliable Workforce India has a large pool of accountants and finance professionals who understand international standa...

Why Global Businesses Choose India for Accounting Outsourcing

If you run a business in the US or Europe, you might have noticed a lot of companies are now turning to India for their accounting work. And there’s a good reason for it. India has tons of skilled accountants who can get the job done accurately, and the best part? It costs a lot less than hiring locally. Companies can get their finances in order without spending a fortune, which makes India a top choice for accounting outsourcing. Lower Costs, Higher Value A big reason companies outsource accounting services to India is cost. Hiring accountants in the US or Europe can be expensive because of salaries, benefits, and office costs. Indian teams provide the same work for much less. This helps businesses save money while keeping their accounting accurate and reliable. Skilled Teams That Understand Global Standards Cost isn’t the only reason businesses choose India. Indian accountants are highly trained and know international standards like US GAAP and IFRS. Many have professional certifica...

Why Global Businesses Choose India for Accounting Outsourcing

If you run a business in the US or Europe, you might have noticed a lot of companies are now turning to India for their accounting work. And there’s a good reason for it. India has tons of skilled accountants who can get the job done accurately, and the best part? It costs a lot less than hiring locally. Companies can get their finances in order without spending a fortune, which makes India a top choice for accounting outsourcing. Lower Costs, Higher Value A big reason companies outsource accounting services to India is cost. Hiring accountants in the US or Europe can be expensive because of salaries, benefits, and office costs. Indian teams provide the same work for much less. This helps businesses save money while keeping their accounting accurate and reliable. Skilled Teams That Understand Global Standards Cost isn’t the only reason businesses choose India. Indian accountants are highly trained and know international standards like US GAAP and IFRS. Many have professional certifica...

Common Issues When Filing Form 1040 from India and How to Fix Them

Image
If you live in India as a U.S. citizen or Green Card holder, you probably need to complete your U.S. tax return using Form 1040. Filing US taxes from India is sometimes difficult to file US taxes from India, since the countries work under various systems, schedules, and paperwork. But don’t sweat it, this guide breaks down the common hiccups and how you can deal with them smartly. Who Needs to File Form 1040 from India? The U.S. taxes your global income, regardless of whether you are a U.S. citizen or a resident alien. If you're working freelance, traveling around, or running a business in India and are above the threshold, you need to complete and submit a Form 1040 filing India . When the total in your foreign accounts is more than $10,000, you should file an FBAR. You can use the FEIE and Foreign Tax Credit, even though you must still receive a tax return. Common Issues Faced and Their Fixes Filing Form 1040 from India isn’t just a copy-paste job, it comes with its own set of ch...