Innovative offshore solutions by Veracity Services
A London-based chartered accounting firm, specializing in media, entertainment, property, and retail, sought to establish an offshore team to stay competitive and access skilled talent. With a mandate from its partners, the firm aimed to optimize costs and improve efficiency while maintaining high-quality service.
Veracity supported the firm by managing bookkeeping, preparing year-end accounts under FRS 102 & 105, handling corporation tax filings, processing individual tax returns and self-assessments, and executing a system migration project involving CCH and IRIS.
By leveraging Veracity's offshore solutions, the firm successfully reduced operational costs, standardized working papers, and streamlined the accounts preparation process. The expanded team increased the firm's capacity to serve more clients, enhancing revenue and overall business growth.
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