Outsourcing is the process of hiring an outside company or individual to perform services that you would normally provide to an in-house team. This is especially useful when dealing with specialized tasks, where finding and training a qualified person may be too difficult or expensive.
When it comes to choosing between a freelancer and an accounting firm, there are a few things to consider.
A freelancer could potentially have less overhead costs since they usually work out of their home office and when hiring a company, there is less red tape. However, they may also be less experienced than an accounting firm who can handle more complex tasks as well as ensure accuracy within your records.
On the other hand, larger Outsourcing accounting and Tax preparation firms typically require higher fees because of their in-depth understanding of finances and tax law. Ultimately, it comes down to what best fits your needs!