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It is now universally recognized, as much by business-economic doctrine as by statistical surveys and empirical evidence, that outsourcing administrative-accounting functions can bring great benefits to the company, generally summarized as reduced operating costs and the production of greater value for the business.
All companies, individual entrepreneurs and professionals are required by the Civil Code and tax regulations to keep accounting records and books as well as tax returns as provided for by law.
Incorrect bookkeeping can be a source of even very serious penalties for the taxpayer. Our professionals and staff, who are well accustomed to dealing with companies belonging to multinational groups, guarantee a bookkeeping service in full compliance with the correct and current tax and accounting legal rules.
Although outsourcing the Finance function offers significant advantages such as proper resource allocation, higher service levels and, thanks to more advanced information systems and processes, greater real-time visibility of business data, there may be more than one reason in keeping that function, or part of it, in-house. Objectives, size, complexity, and other exogenous variables must be properly considered to determine whether or not outsourcing may or may not be strategically fitting for a particular organization and to choose what is convenient to outsource.
There is no valid tout court recipe for scientifically determining whether it is more correct to "do" or "buy." There are so many variables involved that must be considered in order to identify the right trade-off between continuing to run one's operations in house or whether to outsource all or at least part of them instead.
In order to make the right decision, the management must first assess what its finance needs are and what actions can meet them and then try to understand which tasks can be taken care of internally and which should be assigned to an outside player.
Whether or not the administrative-accounting function is outsourced in whole or in part, especially foreign companies have practical needs related to investing in business activities in our country, which need to find equally practical and quick answers.
One of the first issues that need to be addressed when one wants to start a business in Italy is undoubtedly deciding where to locate the registered office, an address that will need to be communicated to clients and suppliers, the Tax Authorities and the Chamber of Commerce, one's banks and business partners. Usually, the address of the registered office coincides with the one of the operational office, but there are many situations in which it may be appropriate for these offices to be at different addresses or, in the case of opting for the acquisition of outsourced administrative/accounting services, that the registered office is at the same provider’s address of these services.
RSM Studio Tax Legal & Advisory is able to provide its clients with domiciliation services in three of the most important Italian cities from a business point of view, namely in Milan, Rome and Turin as well as all services related to the keeping of mandatory communications (company books).
