United Kingdom
Business outsourcing solutions - equipping clients in a global world - Richard Cantor
Global businesses are increasingly migrating their finance functions to regional hubs or shared service centres, either through in-house or outsourced operations. This is driven principally by the need to cut cost, streamline processes and maintain central control.
But in a centralised business model, global companies still need to comply with a wide range of local regulations including local tax returns, VAT/sales tax returns, the preparation and filing of accounts in local gaap, company secretarial and payroll in each of the countries where they operate.
And now more than ever, concentrating on core business operations and outsourcing as much as possible is seen as key to controlling costs and increasing efficiency.
With our strong central control, assisted by the use of the BDO portal and a dedicated team of administrators and local country delivery, our outsourcing model fulfils these global business requirements.
International capability for global business
Drawing on the capability of the firm’s international network of more than 1,000 offices in 100 countries, BDO’s business outsourcing experts can provide a dedicated service for businesses which have or are setting up overseas operations.
The 30 strong team, working closely with colleagues throughout BDO’s network, has a proven track record in business outsourcing. Typical outsourcing services include:
- Provision of statutory compliance services
- Advice on trading entities and help with company formations and tax registration
- Provision of local directors and company secretarial administration
- Payroll
- Setting up and operating bank accounts
- Monthly management accounting and VAT returns
- Preparation of annual accounts for audit in accordance with international standards
- Preparation and submission of corporate tax returns
How can BDO help?
BDO has the capability to asses and advise upon effective, tailor-made businesses outsourcing solutions for businesses operating in a global environment, ensuring they remain compliant with local country regulations.
To find out more, please email Richard Cantor, business outsourcing partner, or telephone: 0118 925 4411