The benefits of outsourcing to Uruguay

Uruguay is a South American country located between Brazil and Argentina, with a population of roughly 3 million people. So, what makes it an attractive option for outsourcing accounting services?

Despite its small size, the country is known for its skilled workforce, most of which is fluent in three languages: Spanish (native language), English and Portuguese.

Additionally, Uruguay operates on a similar time-zone to areas in the US, which offers the benefit of immediate and daily response and a better more personalized, customer service for clients and companies, as well as daily contact if needed. And although the time difference with Europe is more challenging, a dedicated workforce will easily adapt to the schedule required by clients located across this jurisdiction.

Who we are?

LTA has been a member of Alliott Global Alliance for ten years. Managing Partner, Santiago Lussich Torrendell, is a member of the Board for the group in Latin America and Mariana Lussich, accountant, and partner to the firm, is the head of the outsourcing unit. With extensive experience, Mariana has also completed a semester of studies in the University of Pittsburg, Pennsylvania, USA.

A medium to large family firm made up of four partners and twenty employees, most of whom are public accountants trained to provide outsourced accounting services, the current roster of LTA’s international clients includes those based in the US and Europe, for whom they handle accounting processes, bank reconciliation, reports, and audits.

The firm’s tax regime is also very favourable towards these specific commercial activities, and as a result, fees per hour are very competitive.

How can LTA help?

As an interdisciplinary team, LTA can easily adapt to cater to every client’s particular requirements, and we can expand our team as needed. Uruguay has many young professionals who have the qualifications to become valuable members of the team. In addition, staff do business in the Spanish and English languages and are experienced on QuickBooks and Yardi, plus are willing and able to learn new software at our clients’ request.

We can adapt to the daily schedule of our clients to provide a personalized service and have an open line of communication during working hours. We believe that we can offer added value to firms in the United States and Europe thanks to our skilled workforce and can deliver without the need of additional work from clients.

About LTA:

Estudio Lussich Torrendell & Asociados was founded in Uruguay in July 2003 by the accountant and business advisor Santiago Lussich Torrendell following a long career working for Chiarino & Ratti (1979-1981) and Bado, Kuster, Zerbino & Rachetti (1981-2003)

The firm provides professional services in the areas of accounting, tax, auditing, employment, auditing, human resources, and company incorporation, in particular

• Accounting, periodic reports and annual statements
• Advice on taxes and affidavits.
• Corporate consulting, minutes for shareholders and board of directors’ meetings
• Audits, limited reviews, and reports
• Payroll
• Social security contributions and health insurance
• Human resources including hiring employees.
• Legal and fiscal residency and proper proceedings
• Legal and notary proceedings

For more information contact Mariana Lussich at mlr@lta.com.uy