Question 1

Do you work with a business, or do you exclusively work with accounting firms?

Accepted Answer

We work with accounting firms and businesses both, offering offshore accounting services and more which help them hire accountants, tax associates, tax seniors, auditors, admin support staff, managers, and all other positions starting at $11/hour.

Question 2

How does MYCPE ONE handle time zone differences to ensure effective communication?

Accepted Answer

We manage time zone differences by ensuring sufficient overlap in working hours for teams, which is crucial for maintaining smooth communication and workflow.

Question 3

How is offshore accounting staffing solutions so relevant today?

Accepted Answer

Outsourced accounting benefits by boosting efficiency, cutting costs, enhancing services, and more. Well, working remotely, whether from 'Boston or Bangalore,' 'Miami or Mumbai,' or 'New York or New Delhi,' is all the same, as long as your staff has the right skill set and attitude and speaks the same language. Offshore staffing is not just about hiring staff @ $11/hour, but as I said, it's one such solution that may start as a stop-gap arrangement and is also a potential long-term solution. It can help build capacity, gain a competitive advantage, and reduce your workload.

Question 4

How does your pricing work?

Accepted Answer

Hire offshore accountants from MYCPE ONE in budget friendly prices. If you hire a full-time offshore staff member, the hourly rate starts at $11. Senior profiles are difficult to find everywhere in the world, so they cost a little bit higher in India as well.

Question 5

How should I evaluate whether this is right for my firm or not?

Accepted Answer

There are pros and cons of everything. But with high Data Security, vetted professional, and so on, MYCPE ONE promises to offer you the best outsourced accounting services. The best way to know more in this: schedule a call.

Question 6

Can I hire someone with experience in Ultra Tax/ CCH / Pro-system SX software?

Accepted Answer

Yes, if you specifically want somebody with knowledge of a particular software or platform, we could filter and find one for you. Generally, every person we hire is evaluated in 3 ways regarding his expertise and knowledge:
Technical knowledge: Analyzing what work he is going to do, whether accounting, tax, financial reporting, payroll, data entry or billing entries, etc. and also what his technical experience has been on his past assignments in previous employment.
Software knowledge: Unless there is a specific request from a client about the experience in particular software, we do not put that filter in providing you the final resumes. Software knowledge can be acquired if you have relevant technical knowledge.
For Example, if you know how to operate a computer, you can easily grasp and learn the functionality of another system, whether it is a Windows or Apple computer.
In the past, he might have worked on different software, and you probably use different software. Now, he could just migrate onto another platform with little training.
Knowledge of the firm's protocols and processes: When a remote staff member starts working for you, he only starts to get familiar with the company's work culture and procedures, as these things can be learned only at a job. This is a common phrase with any kind of staff.
So, keeping in mind the above points, when we put this filter in place, the number of people going to your universe will be reduced.

Question 7

Are the staff at MYCPE ONE aware of regulations such as US GAAP, IRS, etc?

Accepted Answer

Yes, we usually hire only candidates who have relevant experience in US GAAP, IRS, and other regulations. All the staff at MYCPE ONE are trained in US accounting, tax code, and return preparation in the US context. Local experience in Indian accounting, tax, or financial industry is not counted. However, we let the clients interview and test each candidate and ensure that the best person is working for them.

Question 8

Do you have an in-house facility to train the staff?

Accepted Answer

Yes, it is important to have well-trained staff in order to provide the best quality service to our clients. We have a state-of-the-art (in-house) training facility with dedicated trainers. We offer 35 different training modules, which include English communication, soft skills, American culture, software, and technology used in the American accounting industry, among others. We continuously upgrade these training modules to match the latest industry trends.

Question 9

For what work can MYCPE ONE offshore staff be hired?

Accepted Answer

When you hire an offshore accountant, you must identify the requirements on your end. However, just like any local employee, a remote staff can perform most of the tasks related to:
Bookkeeping
Monthly accounting
Tax Preparation
Financial Statements (review, audits, compilation tasks)
Billing – Bill Payments, Billing Collection, Follow ups, and other administrative tasks
Other Office Admin tasks
In a nutshell, a remote staff performs most of the tasks in a public accounting firm. Here's the E-Book. Have a look.

Question 10

How does it save 75% on labor costs?

Accepted Answer

MYCPE ONE's offshore staff are available for about a third of the conventional salary paid to local staff. Besides, it does not require infrastructure development at your office due to remote working. There are no cost recruitment or training costs involved. There is no liability for compliance, Medicare, or other benefits. Also, it is not required to pay bonuses or overtime charges. Hence, overall, counting various direct or indirect benefits due to remote staffing, 75% saving on labor costs is just a conservative number.

Question 11

What is the offshore staff? Where does MYCPE ONE's offshore staff work from?

Accepted Answer

Offshore staff is an employee who works for your firm under your management but from a location that is physically out of your office. This could be from anywhere: an employee's home, a coffee shop in a neighborhood, a different city, or even from an overseas location. MYCPE ONE's Remote Staff works from our remote offshore offices in India.

Question 12

What are the benefits of offshored accounting services?

Accepted Answer

We can divide it into Short term and Long term benefits. Sometimes, firms sign up because of their tax season overflow; that's a short-term benefit. However, offshore staffing is a way forward for you in the long term. It should be the core strategy of your firm, not just a one-time adventure. Like any local staff, a remote staff from MYCPE ONE also works under your management and fully reports to you. As they work from remote offshore offices of MYCPE ONE, this
Saves your cost and efforts
HR hassles and several other compliance issues
The firms that are working with us have a 25% partner-in-time reduction and an 18% onshore staff workload reduction
You can focus more on advisory services

Question 13

Can I hire the whole team?

Accepted Answer

Yes. But first, you need to identify the requirements, which also includes realizing whether you have enough workload to keep the team occupied. We usually recommend taking a baby step and hiring 1 or 2 staff, and if the requirement grows, you are free to scale up the team size whenever you want.

Question 14

Can I hire offshore tax accountants?

Accepted Answer

Yes, you can. It is an optimum choice as it will significantly benefit your business in terms of pricing, scalability, and focus on core aspects.

Question 15

Is Finance and Accounting Outsourcing a valuable option?

Accepted Answer

Finance and Accounting Outsourcing is a valuable option for firms looking for growth and scalability. This gives you access to a team with specialized expertise who offloades your routine tasks so that you can focus completely on the growth of the firm.

Question 16

What are Offshore Accounting Services?

Accepted Answer

Various accounting services of a firm that can be offshored to a partner are offshore accounting services. It includes Bookkeeping, Audit, Tax Accountant, Accountants, and more.

Question 17

What are the key roles supported by offshore accountants?

Accepted Answer

At MYCPE ONE, we help you build offshore CAS teams that are skilled, reliable, and aligned to your firm's needs. Whether you're scaling up or simply looking to reduce onshore workload, you can opt for outsourced accounting services to deburden your workload.

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