Outsourcing
1. Accounting and Bookkeeping: Outsourcing accounting and bookkeeping services involves delegating financial record-keeping tasks to a specialized firm or service provider. They manage day-to-day transactions, prepare financial statements, handle tax compliance, and provide financial analysis and reporting.
2. Corporate Compliances: Outsourcing corporate compliance services involves entrusting legal and regulatory compliance responsibilities to experts. This includes ensuring adherence to company law, regulatory filings, statutory audit compliance, board meeting compliances, and other legal obligations specific to the business entity.
3. Payroll and Staffing: Outsourcing payroll and staffing services involves delegating responsibilities related to payroll processing, employee benefits administration, tax withholdings, compliance with labor laws, and managing temporary or permanent staffing needs. This can include recruitment, onboarding, and HR administration tasks.
