ACCOUNTING OUTSOURCING INFOGRAPHICS LIBRARY

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Cloud Accounting performs the same tasks of traditional accounting software, except it runs through the internet and private servers.

The F&A industry is one of the many to embrace this model and found greater efficiency through it.

Cloud Accounting performs the same tasks of traditional accounting software, except it runs using the internet and private servers. It can be accessed using web browsers.

The Tax Reform for Acceleration and Inclusion (TRAIN) or the Republic Act No. 10963 was signed into law by President Rodrigo Duterte on December 19, 2017 and implemented on January 1, 2018. It was the initial package of the Comprehensive Tax Reform Program, which aims to rationalize the Philippine tax system.

The Philippines is among the fastest growing economies in the world. Businesses are coming in fast to take advantage of the favorable business climate, the young workforce, and the modernizing technology and infrastructure.

It is not surprising that some may have difficulty in distinguishing between staff leasing and specialised services. While both can indeed be considered as outsourcing, there are significant differences in the way they operate.