Are you looking to hire a remote certified public accountant (CPA)? Finding an expert match requires much more than going to LinkedIn and selecting one. You have to understand your exact requirements, navigate through the legalities and hiring process, figure out how to pay them, and much more.
In this article, we will explore the advantages and challenges, and how you can hire a remote CPA hassle-free.
How Can a Remote CPA Help Your Business?
A remote Certified Public Accountant (CPA) is just like a regular CPA. The only difference is that they work from home or any other location. While the specific responsibilities of a remote CPA depend on your needs, here is a simple overview of what they can do for your business.
- Tax planning and preparing tax returns
- Conduct audits and reviews
- Bookkeeping
- Keep your business compliant with financial regulations
- Assist in budgeting and financial forecasting
- Manage employees’ payrolls and tax filings
When You Should Hire a Remote CPA?
Access to the Global Talent Pool
When you are hiring a remote CPA, you don’t have to be limited by your city, state, or even the country. You can look beyond that and hire a CPA from anywhere in the world.
This is your chance to tap into the global talent pool and cherry-pick the CPA that meets your needs.
Opportunity to Reduce Costs
The cost of hiring a CPA varies around the world. That is mainly because living costs differ from one country to another.
Here’s a quick overview of average CPA salaries by country.
| Country | Average Monthly Salary of CPA |
|---|---|
| Germany | $6900 |
| USA | $6400 |
| UK | $6200 |
| India | $700 |
| Philippines | $580 |
*Salary figures are based on data from PayScale.com and are for reference only.
This means, that instead of hiring an entry-level CPA in the USA, you can hire an experienced remote CPA with over 5 years of experience from the Philippines and still save money.
Challenges of Hiring a Remote CPA
While the benefits of hiring a remote CPA are clear, it also comes with its own challenges. Here is a closer look at what issues you might face and how to address them.
Understanding International laws
Hiring people from another country means you have to acquaint yourself with the laws of that country. This includes employment laws, tax implications, and IP protection to name a few. Non-compliance with these laws can result in serious consequences such as lawsuits, fines, or IP theft.
Instead of trying to do it all, you can address this by partnering with a trusted recruitment company. They can help you comply with local laws and make the hiring process easier.
Finding the right talent
When you look globally, the pool of remote CPAs is vast. Finding an ideal CPA that matches all your requirements can be like looking for a needle in a haystack.
You can take the obvious route and consider freelance marketplaces or explore local job sites. However, it takes a lot of time to shortlist and thoroughly vet every candidate.
One effective solution is to work with companies that specialize in remote hiring such as RecruitGo.
Onboarding
After finding the right CPA, the next challenge is to integrate them into your team. Onboarding is easy when you are face-to-face. But how do you do that in a different country and maybe a different timezone?
One solution is to set up everything related to accounting in the cloud and establish online communication channels. This is to ensure that your remote CPA has access to everything they need. Or you can benefit from a company that has experience and who can assist you with the entire process.
Simplify Hiring a Remote CPA with RecruitGo
With our local experts in emerging markets, RecruitGo can help you comply with local laws and find you a trustworthy CPA based on your needs. Considering your requirements, we will shortlist the ideal candidates for you. Once you choose one, our team can take care of the administrative work.
In case you are looking for a more permanent employee, Employer of Record (EOR) is the recommended option. With RecruitGo’s EOR, we legally employ the CPA while they work for you. So, we take care of everything from finding the CPA to managing payrolls and employee benefits.
To talk to our experts and find a solution based on your specific needs, you can fill in the form below.
