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    Outsource tax advisors to the Philippines

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    What is a tax advisor?

    A tax advisor is responsible for providing organisations with expert financial advice and guidance in regards to tax accounting and tax law. A tax advisors’ main goal is to minimise tax payable whilst also complying with relevant tax legislation. Essentially, they help organisations optimise their tax returns. Tax advisors are the same as a tax consultant and can also be tax accountants. In this case, tax advisors would then need to prepare tax payments and returns instead of just offering recommendations. Tax advisors ensure that organisations are meeting tax requirements and adhering to taxation law. 

    Tax advisor duties and tasks can include:

    • Managing direct and indirect tax matters within an organisation such as corporate income tax, FBT, payroll tax and GST
    • Revising and preparing tax payments and returns
    • Providing recommendations on tax strategies that align with an organisation’s financial goals
    • Providing tax advice to management
    • Identifying areas to reduce tax while complying with relevant tax legislation
    • Remaining up-to-date with changes and additions to tax law as they apply to a business.

    These advisory tasks are particularly well-suited to being outsourced as they are repetitive and rules-based, requiring a high level of attention to detail. By sending these tax compliance tasks to an outsourced tax advisor, organisations can free up their local finance teams time to focus on performing value-add, revenue generating work.

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    What key skills and qualifications make a great tax advisor?

    Previous experience as an accountant, planner, financial advisor or tax analyst will ensure that organisations are receiving expert and accurate advice. Organisational tax compliance can make or break companies, so hiring advisors with previous experience in the industry is crucial. Tax requires high analytical and critical thinking skills to ensure that balance between low tax payables and compliance. 

    Outsourcing providers recruit tax advisors the same way an internal, talent acquisition team would. Essentially, they ask the same questions to understand whether these offshore candidates would be able to provide the level of quality required by Australian organisations:

    • What experience and knowledge do you have as a tax advisor or in a similar role such as an accountant, lawyer or financial advisor? 
    • What are your analysis and interpretation skills like?
    • How do you ensure that you keep up-to-date with relevant changes to tax legislation and compliance standards?
    • Do you possess any professional accounting qualifications such as a CA or CPA?
    • How do you ensure excellent communication between senior management and tax auditor bodies?
    • Provide an example of how you showcased a high level of accuracy and attention to detail.
    • What accounting packages are you familiar with?

    In terms of qualifications, a higher education degree or certificate in accounting, finance, economics or business is essential. Tax advisors require excellent numerical and interpretation skills to incorporate tax law into business functions properly. Previous customer service experience within a financial institution is preferred due to the transferable knowledge accumulated in these roles. Outsourcing companies can help you find the right candidate to meet your organisation’s tax requirements:

    • Whether you are looking to train junior tax advisors from the ground up and teach them your business's way of doing things, or 
    • Whether you are seeking expertise and a team of tax advisors with certifications and higher education.

    Benefits of outsourcing tax advisory services

    Organisations are able to appreciate the added benefits that come from offshoring tax advisory duties to the Philippines, including:

    Reduced costs
    Reduced costs
    Save up to 70% on employment costs.
    Expert support
    Expert support
    A reputable outsourced provider can help ensure your outsourced journey is optimised for success.
    Improve staff satisfaction
    Improve staff satisfaction
    Increase employee satisfaction and decrease staff attrition rates.
    Business growth
    Business growth
    Foster sustainable business longevity by reinvesting into the growth of your business.
    Flexibility and availability
    Flexibility and availability
    Help your business become more agile and flexible by opening up 24/7 availability.
    Access a global talent pool
    Access a global talent pool
    Give your business the ability to tap into a global talent pool to source candidates from anywhere in the world.

    What are the costs associated with hiring an offshore tax advisor?

    Outsourcing your tax advisory services to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything: including infrastructure, security, recruitment and training, management and staff benefits.

    For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.

    How does hiring an outsourced tax advisor work?

    This first step is to find out if your business is offshore ready. If the answer is yes, here are the next steps:

    • Create a job description: to help us hire the right candidate for your role. We can also assist in this process to ensure we are finding the best talent in the current local market. 
    • Source the right candidate: we source candidates across our database and the local market before presenting you with a shortlist of the most suitable candidates available. 
    • Screen and interview: you screen, interview and select the candidate(s) you’d like to hire while we take care of the infrastructure set up to get them ready to work for your business. It’s usually around six to eight weeks to get your offshore staff up and running.
    • Onboard and train: your business, along with the operational assistance of our offshore management team, organise new staff onboarding and training, including the use of your systems, any relevant processes and workflows they may need and an overview of your company values and culture. This will help your new team member fit seamlessly into your organisation and assist in effective change management with your existing onshore team members.

    The Beepo advantage

    Beepo is an Australian-based outsourcing company that offers businesses a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its finance talent and advisory skills, and we are adept at finding and recruiting the best of the best in terms of financial advisors.

    What other roles and services can your business outsource to the Philippines?

    Interested in learning more about the outsourcing solutions we can provide for your business?
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