Some one told me recently that they were outsourcing their accounts to the local accountant. As they are a newsagent I did not see this as outsourcing. After a brief discussion it became apparent the outsourcing is becoming one of the buzz words of our time. used by many understood by few to the point were the meaning is get blurred around the edges.

What outsourcing is not is getting a professional to supply you with their services. This would include accounts, tax advisers, insurance etc. You would not consider you outsource your bank account would you?

This is a question often asked. There are a few issues around this:

Understanding