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Which functions are best outsourced?
At Connected Accounting we can provide businesses in the St Albans area with help and advice. The following outlines the pros and cons of outsourcing core functions.
Outsourcing non-core operations has become very popular in recent years. Businesses now routinely outsource processes from cleaning to customer enquiries.
Other common areas for outsourcing include: payroll functions; human resources (insurance, recruitment etc); marketing; information and IT systems; and delivery.
There are obvious potential benefits:
But there are also disadvantages to outsourcing:
As with most things outsourcing is a question of balance. For most businesses there will always be operations they can safely put in the hands of others and achieve both improved efficiency and cost savings.
But equally there will also be operations over which they will want to retain control. The art of good management is to know which is which! We can help you make the right decisions.
If you are in the St Albans area and would like professional assistance from experienced accountants and business advisers, contact Connected Accounting.
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The Institute of Directors (IoD) has called on the government to introduce a tax super-deduction to plug an investment gap in retraining.
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Get in touch with us today for a fresh perspective and a free consultation.