Precision in Process: Embedding Compliance into Tax Operations
Client Overview: A US-Based Tax Accounting Firm Expanding in India
A leading US-based tax accounting firm, renowned for its expertise in compliance, corporate tax services, and financial advisory, sought to optimise its India operations. With a commitment to precision and efficiency, the firm aimed to enhance its service delivery through a structured approach to talent acquisition, compliance, and operational scalability.
Why India? A Strategic Destination for Growth
The decision to establish operations in India was driven by:
- Access to financial talent, as India offers a robust talent pool of skilled finance and tax professionals, making it an ideal hub for complex accounting and compliance work.
- Expertise in tax and finance, with India’s thriving tax and finance ecosystem providing a strong foundation for firms seeking expertise in compliance, accounting, and financial reporting.
- Strategic location and cost efficiency, with Hyderabad’s strong infrastructure and growing financial sector presenting an attractive base for operations while maintaining cost-effectiveness.
- Scalability and growth potential, as the availability of specialised professionals and a maturing regulatory framework enable seamless scaling of operations while ensuring compliance.
The Challenge: Establishing a Strong, Compliant Structure
The firm faced key challenges in its India expansion:
- Building a structured framework to align its India operations with global compliance standards.
- Navigating complex regulations to ensure seamless integration with local tax and financial reporting systems.
- Establishing a high-performing team while balancing cost efficiency and quality.
- Embedding compliance at every level to mitigate risks and streamline tax advisory services.
Key Outcomes Achieved with People Equation
Partnering with People Equation, the firm successfully:
- Established a compliant and structured India operation, ensuring alignment with global tax and financial regulations.
- Built a robust team with expertise in corporate taxation, IFRS, and compliance, strengthening operational capabilities.
- Created an efficient and scalable framework, allowing for future expansion while maintaining regulatory integrity.
- Scaled its team from 15 to 75 professionals in under a year, enhancing service delivery and operational efficiency.
Through this strategic partnership, the firm has transformed its India operations into a centre of excellence, reinforcing its reputation for precision and compliance in tax advisory services.
