As a Chartered Accountant who has worked with dozens of Indian founders running US-based startups, I’ve seen firsthand how the US accountant shortage is creating significant challenges for growing businesses. The shortage of accountants in the USA means longer wait times, higher fees, and less personalized support—just when startups need financial clarity the most.
At Profitjets, we’ve built a solution that not only addresses this gap but also leverages the growing CPA demand in India to provide high-quality, cost-effective accounting for Indian founders with US companies. In this post, I will elaborate on the reasons behind this crisis, its effects on your startup, and how our outsourced bookkeeping services can assist you in remaining compliant, reducing costs, and scaling effectively.
Why Is There an Accountant Shortage in the US?
The US is facing a severe shortage of qualified accountants, and the problem is only getting worse. Here’s why:
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1. Retiring CPAs Outnumber New Entrants
- Nearly 75% of US CPAs are expected to retire in the next decade.
- Fewer students are pursuing accounting degrees, leading to a talent drought.
2. Increased Compliance Complexity
- Changing tax laws and reporting requirements demand more expertise.
- Many small firms can’t keep up, leaving startups struggling to find reliable help.
3. Skyrocketing Salaries for US Accountants
- The average CPA salary in the US has surged past $120,000.
- Startups and small businesses simply can’t afford full-time US-based accountants.
This shortage hits Indian founders especially hard because:
- Delayed filings lead to penalties.
- Lack of expertise in cross-border taxation creates compliance risks.
- High costs eat into limited startup budgets.
How the Current Demand for CA in India Creates an Opportunity
While the US faces an accountant shortage, India has a growing pool of highly skilled CAs and CPAs who understand both Indian and US accounting standards. This is where Profitjets comes in because we are the best US accounting firm in India.
Why Indian CAs Are the Perfect Solution for US Startups
- Cost-Effective Expertise
- Indian accountants offer the same quality of work at a fraction of US rates.
- Startups save 40-60% compared to hiring a US-based CPA.
- Deep Understanding of Cross-Border Compliance
- We know how to handle:
- US LLC & C-Corp tax filings
- India-US tax treaty benefits
- FBAR (Foreign Bank Account Reporting)
- Multi-state sales tax compliance
- Scalable Support for Growing Startups
- Unlike US firms with long wait times, we provide:
- Real-time bookkeeping
- Quick turnaround on tax filings
- Dedicated account managers
- Time Zone Advantage
- Work gets done while US offices are closed, ensuring faster responses.
How Profitjets Solves the Accounting Crisis for Indian Founders
At Profitjets, we specialize in providing outsourced bookkeeping services tailored for Indian founders and US startups. Here’s how we bridge the gap:
1. End-to-End US Accounting & Compliance
- Bookkeeping & Financial Reporting
- Clean, accurate records in QuickBooks/Xero.
- Monthly profit and loss statements, cash flow reports, and balance sheets.
- Tax Filings & Compliance
- Federal (Form 1120, 1065) and state tax returns.
- Sales tax registration and filings.
- Annual report submissions.
2. Payroll & Contractor Management
- US payroll processing (W-2, 1099s).
- Handling state unemployment taxes.
- Ensuring compliance with labor laws.
3. Audit Support & Financial Advisory
- IRS audit defense.
- Financial forecasting for fundraising.
- Structuring advice to minimize tax liability.
4. Seamless Onboarding for Indian Founders
- There is no need to explain India-specific challenges—we already get it.
- Dedicated CA handling your account.
- Transparent pricing with no hidden fees.
Why Indian Startups Should Act Now
The shortage of accountants in the USA isn’t going away anytime soon. If you’re running a US-based startup from India, you have two choices:
- Struggle with expensive, overburdened US CPAs who may not understand your cross-border needs.
- Leverage India’s growing CPA talent through a firm like Profitjets that specializes in US-India startups.
We’ve helped dozens of founders streamline their finances, avoid compliance pitfalls, and focus on scaling—all while saving thousands in accounting costs.
Final Thoughts: The Smart Way to Handle US Accounting from India
The current demand for CA in India means you now have access to top-tier accounting talent at competitive rates. Instead of stressing over the accountant shortage in the US, you can build a financial team that’s:
- Affordable (no $120K CPA salaries)
- Expert in US-India compliance (no training needed)
- Always available (no long wait times)
At Profitjets, we’re not just another outsourced bookkeeping services provider—we’re your strategic financial partner.
Ready to solve your accounting challenges? Let’s talk.
