This approach offers distinct advantages:

1. Cost Efficiency: While not as dramatic as international offshoring, you can still find cost savings by leveraging firms in lower cost-of-living areas within the US or Canada, or by outsourcing tasks that are more expensive to handle in-house.
2. Seamless Communication: Minimal to no language barriers and manageable time zone differences ensure smooth, real-time collaboration.
3. Local Regulatory Expertise: The firm will be fully compliant with US or Canadian accounting standards (GAAP/ASPE, IRS/CRA regulations), simplifying oversight and ensuring accurate compliance.
4. Access to Specialized Skills: You can tap into a broader talent pool within North America, finding firms with specific industry expertise or niche accounting services.
5. Scalability: These firms offer the flexibility to scale services up or down based on your business needs, similar to international offshore models.