Outsourcing

To a large extent, the business of enterprises with foreign investors in the Russian Federation is connected with the constant resolution of various issues with state organizations. Taking into account the constant amendments in the Russian Federation's legislature, this issue is also relevant in the field of accountancy and taxation.

In our opinion, the main factors for a company that influence management's decision to outsource are:

• the transfer of responsibility for calculation validity and tax payment;
• the opportunity of compensation for losses in the form of additional tax claims, fines and penalties through insurance of the professional business;
• the ratio of service costs with expenditure on maintaining a team of accountants;
• the opportunity to resolve all issues with financing and taxation authorities;
• the reduction of tax risks;
• access to professional consultations on various issues with conducting business in the Russian Federation;
• the provision of services in line with international standards.

All of the indicated factors are focused on resolving one task which is the improvement of business efficiency.