No, there are no lock-in periods working with MYCPE ONE. However, we have a provision of a notice period, depending upon the roles and their experience level. For full-time staff and basic profiles with experience levels of 1-3 & 3-5 years, we require a 9 weeks notice period if you decide to discontinue our services. Notice period would be separate for each remote staff that you have hired.
For staff on an on-demand basis of 20 hours/week, there is 1 week of notice period required; for staff on an ad-hoc basis, there is no minimum commitment required from the client.
On demand price revisions will be mutually agreed upon. The average price revision is an increase of 5% to 10%.
Fee Revision shall be done on completion of the first 6 months and annually every January. The suggested fee revision will depend on performance and other factors. The actual price revision may vary based on a mutual agreement.
| Tenure (Completion) | Revision | ||
|---|---|---|---|
| US | CA | UK | |
| 6 Months | $1/hr | $1/hr | £1/hr |
| 1 Year | $1/hr | $1/hr | £1/hr |
| 2 Year | $2/hr | $2/hr | £2/hr |
| 3 Year | $2/hr | $2/hr | £2/hr |
We charge the same hourly rate, no extra charges! Occasionally, if they do overtime, we do not charge for it. Typically, they offset gains on the regular days by going early or later. However, during tax season or peak season, if they are working overtime, we do charge for it. But the overtime rate will be the same as the hourly rate (unlike the requisite and one and half times extra that is the standard US practice).
Leave Adjustment Policy
Clients have several options when it comes to overtime management. Overtime pay is set at the standard rate (not 1.5 times the regular rate) when provided in cash, and it can be adjusted against employees' leave balances, offering flexibility, especially during off-peak periods. This adjustment allows overtime to be converted into leave days for use during the offseason instead of monetary compensation.
Advanced planning is essential for more structured overtime needs, such as year-round or seasonal spikes like tax season. For instance, if an employee regularly works 40 hours a week but is required to work 60 hours a week from January 15th to April 15th, clients can choose between paying cash for the extra hours or adding them to the employee's leave balance. Opting for the leave balance addition means calculating the equivalent leave days, which, in this case, would be 55 days.
Staff must utilize these leaves within the year. However, if an employee is terminated before the year-end, the client is responsible for compensating the equivalent leave balance in cash. This allows clients to tailor their overtime approach to their specific needs while ensuring a fair and balanced compensation structure for their staff.
There are fewer chances of it happening because a candidate is selected only after a personal interview and checking eligibility by the client. However, in a rare scenario, if you don’t wish to continue working with the staff already working for you, we will replace them. This process may take a maximum of 30 days.
Also, there is an option of a free look in period of 2 weeks wherein if you do not like a staff, we can refund the amount charged for 2 weeks, and you do not have to serve the notice period of 9 weeks.
| Date | Holiday List 2023-24 |
|---|---|
| 21st April 2023 | Eid-E |
| 15th August 2023 | Independence Day |
| 30th August 2023 | Raksha Bandhan |
| 7th Sep 2023 | Janmashtami |
| 19th Sep 2023 | Ganesh chaturthi / Samvantsari |
| 13th Nov 2023 | Diwali |
| 14th Nov 2023 | New Year |
| 15th Nov 2023 | Bhai Duj |
| 16th Nov 2023 | Additional Day - E |
| 17th Nov 2023 | Additional Day - E |
| 15th Jan 2024 | Uttrayan |
Data security and privacy are crucial. We follow the 4 C's of security measures:
Watch this video by Mike Goossen to understand how data security and confidentiality are maintained at MYCPE ONE offshore staffing.
Learn about hiring virtual assistants, executive assistants, or customer service associates, especially in a post-pandemic world where admin and virtual assistant functions are outsourced to address capacity issues. Watch the video for details.
The Importance of Training, Technology, and Processes in Offshoring Discover the key factors influencing successful offshoring, as shared by Tiffany in her journey with MYCPE ONE and offshore staffing. Resistance can turn into a recommendation. Watch the video for insights.
Yes, we can help you with this and you can also check out Jody Grunden’s journey of building a $60M virtual firm. He provides insights on managing remote teams, including the transition to a virtual workplace, the benefits of remote work, and the positive influence of diversity.
Adding CFO services to your firm, including client selection, engagement value, and considerations for success. Learn from Jody's experience and structure.
Explore how offshoring can help scale VCFO and CAAS services. Understand the roles and tasks that can be offshored to support your accounting firm's growth.
The old business model, at least for small accounting firms, has been to work with 1000-2000 clients. With a full-service package of client advisory plus virtual CFO services, you can build a million-dollar practice with just 30-40 clients.
This practice can be very profitable at an engagement level, and the profitability can be more than 70% at a firm level.
Discover the key to earning better revenue – Monthly Recurring Revenue (MRR). Learn how offshoring staffing and advisory services can contribute to MRR in this blog.
Please watch the videos and read the blogs for more in-depth information on each topic.
We have a YouTube channel where we have more than a dozen video testimonials from our clients, so you can check our YouTube channel for more information. Please feel free to reach out to those clients and ask them about their experience and what they feel about MYCPE ONE.
Here is a link to our youtube channel.
India serves as a central hub for knowledge-driven industries, with numerous Fortune 500 companies choosing to establish their offices here. Many large firms have expanded their presence across India. It has become a second home for tech giants, Fortune 500 corporations, and leading accounting firms. English, influenced by the British legacy and essential for a knowledge-based economy, stands as the most widely used language in India. Additionally, some noteworthy Indian CEOs hold prominent positions in top multinational corporations. India boasts a substantial talent pool for seamless scaling, although concerns about industry readiness persist. Read this blog to know the top 5 reasons why India has maintained its leadership position despite constant challenges from emerging destinations.
Read this blog to know the prime 5 reasons why India has maintained its leadership position despite constant challenges from emerging destinations
| Date | Holiday List 2025 |
|---|---|
| 14th Jan 2025 | Makar Sankranti/Hazrat Ali Jayanti |
| 15th Jan 2025 | Basi Uttarayan/Pongal/Thiruvalluvar Day |
| 06th Jun 2025 | Eid al-Adha |
| 15th Aug 2025 | Independence Day |
| 02nd Oct 2025 | Dussehra/ Gandhi Jayanti |
| 20th Oct 2025 | Diwali Additional Holiday |
| 21st Oct 2025 | Diwali |
| 22th Nov 2025 | Diwali New Year\ Govardhan Puja |
| 25th Dec 2025 | Christmas |
| 26th Dec 2025 | Boxing day |
| Month | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | JAN | FEB | MAR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PTO | 18 | 17 | 15 | 14 | 12 | 11 | 9 | 8 | 6 | 5 | 3 | 2 |
Each employee is provided with a twin-screen computer with the latest operating system, software, and a high-speed internet connection. Workstations also include a webcam and microphone for video conferencing. Employees are also given a separate US contact number for communication. We also provide email addresses, and if you require any other means of communication, you can specify it, and we will try to arrange it. However, the internet at each computer is restricted from accessing personal email, social networking, and other websites to ensure the security of client data.
Please add the link to the IT setup page for the client’s reference
There are several convenient methods for offshore staff to communicate with you:
Offshore staff can access documents/information/data at the client's end through three methods:
Yes, we have a sponsorship program for the learning and career development of the staff members and we provide CPA sponsorship to staff members who would like to opt for it.
We have recently launched a nation-wide Enrolled Agent coaching program - an intensive program designed to prepare individuals to become licensed tax professionals, effectively free of cost across India.
MYCPE ONE Academy is a non-profit initiative by MYCPE ONE, a for-profit organization, with a goal of providing affordable and accessible global professional courses in areas such as tax, management, accounting, finance, and HR. The initiative focuses on upskilling students/professionals in India, particularly those who cannot afford professional courses and live in remote areas and small towns. Know more about MYCPE ONE Academy here.
We typically don't allow work from home for our staff, as they work from our secured offices. However, during exceptional situations like pandemic-related lockdowns, and with client approval, we may allow work from home. In such cases, we take extra precautions to ensure privacy and data security. We have several security measures in place, including secure systems, restricted access, and comprehensive confidentiality agreements.
Please read the blog for more information
Below is the list of security parameters we take for each staff if they have to work from home:
In our 9 year history, we’re proud to say that we’ve never had a security breach. This is because of our strong work ethic and the value we place on our client relationship.
Accounting firms have become more open to offshore hiring, especially post-COVID. However, some firms still have concerns about how their teams and clients will perceive it. It's important to communicate the benefits and address any concerns to successfully integrate offshore staff into your firm.
We’ve put together a guide titled ‘What would my clients think of offshoring?’ that can provide insights on how to address concerns.
Sometimes we feel that pandemic has still not changed, the stigma around offshore hiring for accounting firms. It's true that the firms that invested in offshore hiring have largely remained immune to the slowdown caused by the pandemic. However, there are a large number of CPAs and Accountants out there who are still skeptical about it. However, feel free to schedule a call to learn more about this.
Many tasks can be offshored. When starting with offshore staffing, it's essential to identify the tasks that align with your firm's needs. Tasks that can be offshored include bookkeeping, monthly accounting, tax preparation, financial statements, billing, and other administrative tasks. The specific tasks depend on your firm's requirements.
To know more check out our e-book titled ‘100 Accounting tasks that can be offshored’
Offshoring – Micro Teams typically involves hiring vendors for ad-hoc, non-core tasks or services on a temporary basis. Offshore staffing, on the other hand, involves hiring dedicated staff members who work under your direct management and supervision, just like local employees. Offshore staff becomes an integral part of your team and follows your protocols.
To know more watch this video of one of our clients, Adam Hale, CPA the founding partner of a 100% virtual accounting firm, and how they have transformed by successfully building a team of offshore staff.
Offshoring and Offshoring – Micro Teams is not about which one is better but rather about which one is more suitable to help you achieve your firm's goals.
Well working remotely whether from ‘Boston or Bangalore’, ‘Miami or Mumbai’, ‘New York or New Delhi’, is all the same, as long as your staff has the right skill set, attitude, and speaks the same language. With Offshore staffing, it’s not just about hiring staff @ $11/hour but as I said it’s one such solution that may start as a stop-gap arrangement but also a potential long-term solution. It can help to build capacity, gain a competitive advantage, and also reduce your workload.
“I would recommend you to watch the Interview of Phil Whitman, CPA, an Accounting Industry Expert who has advised 100s of CPA firms across North America. Learn why he is so optimistic about MYCPE ONE Offshore Staffing and urges accounting firms to start thinking in this direction. - Watch Video".
If you hire a full-time offshore staff, it starts from $11/hour in the US, $14/hour in CA, and £8/hour in the UK. Senior profiles are difficult to find everywhere in the world. So, they cost a little bit higher in India as well.
When we started 9 years back, we wanted to work with every accounting firm. However, after 3-4 years, we realized that every accounting firm is not fit for us. The best way to know is to schedule a call.
Yes, if you specifically require someone with knowledge of particular software or a specific platform, we can filter and identify suitable candidates for you. Generally, each person we hire is assessed in two ways with regard to their expertise and knowledge:
For instance, if someone knows how to operate a computer, they can easily learn the functionality of another system, regardless of whether it is a Windows or Apple computer.
Yes, we typically hire candidates with relevant experience in US GAAP, IRS, and other regulations. All staff members at MYCPE ONE receive training in US accounting, the US tax code, and the preparation of US tax returns. Local experience in Indian accounting, tax, or the financial industry is not considered. However, we allow clients to interview and assess each candidate to ensure they have the best fit for their needs.
Yes, to provide the highest quality service to our clients, it is essential to have well-trained staff. We have a state-of-the-art in-house training facility with dedicated trainers. We offer 35 different training modules, including English communication, soft skills, American culture, and the software and technology used in the American accounting industry. We continuously update these training modules to align with the latest industry trends.
When hiring offshore staff, you will need to identify your specific requirements. However, like any local employee, offshore staff can perform most tasks related to:
In a nutshell, offshore staff can perform most tasks typically done in a public accounting firm. See all the tasks that can be offshored in our E-Book.
MYCPE ONE's offshore staff are available for approximately one-third of the conventional salary paid to local staff. Additionally, offshore working eliminates the need for infrastructure development at your office. There are no recruitment or training costs involved, and no liabilities for compliance, Medicare, or other benefits. There's also no requirement to pay bonuses or overtime charges. Therefore, when considering various direct and indirect benefits of offshore staffing, a 75% saving on labor costs is a conservative estimate.
Offshore staff refers to employees who work for your firm under your management but from a location physically separate from your office. This location can be anywhere, such as the employee's home, a local coffee shop, a different city, or even overseas. MYCPE ONE's offshore staff actually work from our offices located in India.
We can divide the benefits into short-term and long-term categories. Some firms sign up for offshore staffing to address their tax season overflow, which is a short-term benefit. However, offshore staffing should be a long-term strategy for your firm, not just a one-time solution. Similar to your local staff, offshore staff from MYCPE ONE work under your management and report to you. They work from MYCPE ONE's offshore offices, which provides flexibility.
Yes, you can hire a whole team. However, you first need to identify your requirements and determine if you have enough workload to keep the entire team occupied. We typically recommend starting with 1 or 2 staff members, and if your requirements grow, you can scale up the team size as needed.
It's not difficult to find a suitable replacement. According to our internal study, only one in every 10 candidates requires replacement. Therefore, replacements are not frequent and may occur due to hiring errors or changes in circumstances at the firm or among the staff.
MYCPE ONE's replacement process offers several benefits. First, each employee must serve a three-month notice period, allowing the new staff sufficient time to adjust over those three months. Second, unlike onshore workers, you won't need to start from scratch with them. Third, because we require departing employees to hand over their tasks and responsibilities to the new hire, the extra three months will not be charged to your account.
We maintain high standards, with a first-year attrition rate of 6% and a second-year rate of 7%. Around 85% of our clients' staff members stay for more than 2 years, and our average retention period is 5 years.
ISO 27001 is an international information security standard. It establishes the requirements for an information security management system (ISMS). The best-practice approach of the ISMS standard aids organization’s in managing their information security by addressing people, processes, and technology. This accreditation is accepted across the world.
Yes, MYCPE ONE is ISO 27001:2022 certified organization.
United States
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