Top Philippine Tax Accounting Companies US Companies Can Outsource

Tax accounting, among other finance functions, has become one of the most outsourced services in the US over the past couple of years. This growth is predicted to increase even more, with a projected expansion to USD76.37 billion by 2033, from USD46.17 billion in 2024.

As the global business landscape becomes more and more interconnected, leveraging overseas talent has gone past the point of experiments and has become a proven growth strategy for US companies of all sizes. From keeping up with changing US tax laws and handling complex compliance requirements to managing large-scale bookkeeping for global corporations, Philippine Tax Accounting Companies have emerged (and are continuously thriving) as a trusted choice for US companies looking to outsource tax accounting functions.

In this article, we discuss the top Philippine Tax Accounting companies worth considering if you’re looking to outsource your business’ accounting function.

Read on for:

• an overview of the top 7 Philippine tax accounting companies;
• tips for choosing the right outsourced tax accounting partner in the Philippines;
• information about the accounting services US companies can outsource.

While offshoring companies in the Philippines are typically known to offer strong capabilities, it’s important to choose the one that best aligns with your business needs — because your next accountant is already out there. It’s now just a matter of knowing where and how to find them.

Why are Philippine tax accounting companies preferred?

Several notable US companies have been outsourcing professionals from the Philippines and tax accounting is among the industries that benefit from outsourcing and offshoring solutions.

With a pool of accountants trained in both Philippine financial reporting standards and international accounting standards, the country boasts high quality offshore tax accountants that US companies can outsource at competitive rates. Paired with exceptional communication skills and work cultures that align with American business values, it’s no surprise that several global companies are choosing to build dedicated tax accounting teams in the Philippines.

What are the benefits of working with Philippine tax accounting companies?

Beyond significant cost-savings, working with offshore tax accountants in the Philippines also gives your business scalability, compliance, and expertise.

Many are the benefits of working with a dedicated team of tax accountants — let’s discuss some of them here:

1. Highly skilled talent pools

The Philippines produces thousands and thousands of accounting graduates annually, who are then subjected to rigorous licensure examinations. Most professionals that you can hire from Philippine accounting companies already have prior experience in multinational firms and accounting companies, giving them extensive knowledge of global tax law and compliance standards.

2. Cost-efficiency, at the same quality

Among the reservations about cost-effective hiring is the risk of compromising on the quality of work. However, while the costs of hiring a full-time accountant from the Philippines may be several times lower than hiring an accountant in the US, your business can still benefit from high-quality results. This way, you can allocate resources more strategically while still getting all your business’ tax accounting service needs covered.

3. Familiarity with US regulations

When you outsource a tax accountant from the Philippines, you can rest assured that you are getting a professional who has expertise in US tax laws, making them well-equipped to manage corporate tax filings, state tax compliance, and other regulatory requirements.

4. Advantages of time zone differences

Because of the time difference from the US, Philippine teams have a unique advantage in that they can work overnight US time, making faster turnaround for urgent filings and compliance updates possible.

5. Technology and security alignment

Top Philippine tax accounting companies also adopt cloud-based platforms like Quickbooks and Xero, built with secure file-sharing systems and compliance with data privacy standards —  but more importantly, utilized by trained accountants who are ready to support your business.

What makes an effective offshore tax accounting partner?

Not all outsourced accounting companies are made equal, that’s a fact S, how would you evaluate Philippine tax accounting companies? Here’s a quick rundown of the criteria for ideal accounting partners:

• Proven track record

Choose a company with established experience with US-based clients in your industry. An ideal partner for outsourcing accountants should have case studies or testimonials of work done for US companies, ideally within your niche. This ensures that they understand the nuances of your business.

• Technical expertise

Find providers whose accountants are familiar with US tax regulations and global accounting principles. Firms with Certified Public Accountants (CPAs) who are trained in both Philippine and tax regulations will give your company a competitive edge and will ensure accurate financial records and alignment with compliance requirements.

• Technology adoption

Look for an accounting partner that utilizes the latest accounting software and automation tools. Effective offshore accounting teams leverage modern accounting platforms like Zoho, Quickbooks, and Zoho. Tax accounting companies who have adopted automation tools for reconciliation, invoice processing, and payroll can also significantly improve turnaround times.

• Security measures

Select a company that employs strict protocols for handling financial data. Financial data is highly sensitive. As such, your outsourced team must have clear security protocols and encryption standards to safeguard valuable company  data and financial records.

• Clear communication

Lastly, it’s important to have an accounting partner that is responsive to your needs as a business. The best partners are those that go beyond the execution of tasks to empower you with advice on improving processes, reducing costs, and ensuring long-term compliance.

At the end of the day, the offshore tax accounting team from the Philippines becomes an extension for your internal finance department, so it’s only fair that you find the best people who can augment and support your team.

Top 7 Philippine Tax Accounting Companies US Businesses Can Outsource

Using the above criteria, we have here a list of 7 reputable outsourced accounting companies in the Philippines where you can potentially find your next hire.

1. KDCI Outsourcing

KDCI Outsourcing allows you to outsource finance and accounting services to the Philippines through flexible and customized engagement models. With a strong mission to empower teams with the best people, KDCI Outsourcing gives you access to a large pool of talent who are equipped with expertise in financial data management, cash flow monitoring, and advanced accounting software proficiency. KDCI’s handpicked staff effortlessly blends into business operations, as they are fully-trained in specific financial processes and financial regulations to ensure a seamless transition and immediate efficiency. Whether you’re looking for General Ledger Accountants, Payroll Specialists, Tax Accountants, or other finance staff with specialized skills, KDCI Outsourcing can find the right person who will complete your team.

2. Connext Global Solutions

Connext Global Solutions specializes in supporting US companies with customized offshore support teams that streamline costs and boost team productivity. With a goal of extending local business operations with access to the “top 1% of global talent,” Connext is also one of the go-to tax accounting companies in the Philippines for those looking to outsource their finance and accounting functions.

3. Outsourced

Outsourced connects US companies with premium remote accounting staff in the Philippines through their offshore and outsourcing solutions. With an AI-enhanced recruitment process and dedicated tax accounting teams, Outsourced empowers businesses of all shapes and sizes in building custom-fit offshore teams who can operate during the working hours you set and effectively act as an extension of your team.

4. TOA Global

TOA Global provides thousands of leading teams in Australia, New Zealand, and the US with job-ready outsourced accountants and bookkeepers. As a company that provides holistic and outsourcing solutions for accounting and bookkeeping firms, TOA Global boasts exceptional Philippine-based finance specialists who are ready to fill roles across local time zones.

5. Cloudstaff

Cloudstaff’s focus is building global remote workforces designed to supercharge the growth of businesses worldwide. Among their wide range of outsourcing solutions include models for hiring offshore tax accountants in the Philippines, backed by advanced technology and a supportive work culture that nurtures your outsourced team, too.

6. D&V Philippines

D&V Philippines offers outsourced finance and outsourced accounting services designed to support CFOs and professional services firms. With top-notch accounting, audit, and finance services, D&V is committed to bringing specialized and globally competitive solutions that meet the needs of foreign companies across Australia, Canada, Europe, and the US.

7. TMF Group

TMF Group provides comprehensive tax accounting services that meet both local and international and compliance standards. With a broad range of services including transactional accountancy support, local statutory accounting, and tax consultancy, TMF offers solutions that can be tailored to your organization’s unique requirements.

There are more tax accounting companies in the Philippines that US companies can outsource, but these leading providers are the ones that are among the top choices for building specialized offshore accounting teams worldwide.

Which accounting services can you outsource?

Outsourcing to Philippine companies isn’t limited to annual tax filing or tax accounting. As a matter of fact, most providers (especially the ones mentioned above) offer a broad range of offshored accounting and finance services that can be tailored to your business’ day-to-day operational needs. 

Now that we have covered the go-to companies for outsourcing accounting functions, let us help you maximize the potential of outsourcing accountants by discussing which business functions are best for outsourcing from the Philippines.

US companies can benefit from outsourcing the following functions:

• Tax preparation and compliance

From corporate income tax returns to sales tax filing to internal revenue records, offshore teams can take care of your business’ federal and state-level tax requirements. Many offshore tax accountants in the Philippines are trained in US tax regulations, making them well-equipped in ensuring accuracy, even and especially when there are tight deadlines.

• Bookkeeping

One of the most tedious business tasks is bookkeeping, especially the recording of daily transactions, reconciling accounts, and maintaining up-to-date ledgers. Cloud-based accounting tools like make it convenient for offshore teams to work real-time alongside your team in the US.

• Payroll processing

Payroll is yet another time-sensitive and compliance-heavy business function. By hiring an offshore payroll specialist, you can delegate the task of salary calculations, deductions, and benefits administration to a dedicated offshore payroll staff (or team, whichever your company needs).

• Accounts receivable management

Offshore tax accountants can also manage invoice generation, payment tracking, and collections. If you work with vendors and need someone who will handle accounts payable and accounts receivable management, offshoring is a good option.

• Financial reporting

Monthly, quarterly, and annual financial statements,as well as custom tax and financial reporting are also among the best tasks that your business can get done through offshoring. A reliable outsourced team can help you ensure reporting cycles and high data accuracy.

• Audit support

Offshore accounting teams can also assist with audit requirements by preparing audit schedules, collating documentation, and reconciling discrepancies. This way, you can significantly reduce the workload (and stress) among in-house teams during audit season.

• Advisory services

A Philippine tax accounting firm can also support US  businesses with tax planning, compliance risk assessments, and process improvement recommendations. This way, you go beyond the traditional tax accounting functions and start leveraging the potential of your dedicated tax accounting team for long-term growth.

Your business deserves the best when it comes to tax accounting support.

Choosing a tax accounting firm to work with is ultimately about finding the right fit for your business goals  —  after all, it is the strength of the team that propels the business forward, and your tax accounting team is no exception.

This is why, at KDCI Outsourcing, we combine technical expertise, cost-effectiveness, and proactive support to empower your team with the best people, so you can rest assured that every financial transaction is powered by the right team.

Our outsourced tax accountants at KDCI Outsourcing seamlessly integrate with your operations, anticipate compliance challenges, and deliver actionable insights to help you make better business decisions and support ongoing business growth.

Yes, there are many options when it comes to outsourcing tax accounting, but if you’re looking for a team who gets your business and finds your business the accounting team it deserves, that’s where KDCI Outsourcing comes in.

Outsource your next accountant with KDCI!

At KDCI, we specialize in finding accountants who have the skills and experience you need, as well as the attitude and cultural fit that will allow them to easily integrate with your in-house team. Whether you’re looking to hire one full-time offshore tax accountant or looking to build a dedicated tax accounting team in the Philippines, KDCI has the right tailored outsourcing solution and engagement model for you.

KDCI has options specifically made to support your business’ day-to-day operations and overall growth in the long run.

Contact us to learn more about how you can hire offshore tax accountants or build an offshore accounting team with us!