THREE German companies based in the North-East have decided to outsource accountancy services to UNW chartered accountants in Newcastle.

Accounts, bookkeeping, VAT and tax returns are all part of the service offered by UNW's Business Services team.

Each of the three inward investor companies has chosen from a menu of services that specifically suits its individual needs.

One firm, which develops computer software for the health industry, has chosen to use the complete package, including specialist taxation advice about corporation tax credits for Research and Development expenditure.

An automotive components firm has opted to outsource its entire accounting function to UNW.

A third company with German headquarters has outsourced its payroll function.

Carol Reed, head of the business services team, said: "It no longer matters where a company is based.

"With modern technology able to deliver the information required a company can outsource to us from anywhere in the world.

"It lowers overheads, relieves hard-pressed in-house staff of extra responsibility, and puts all the details of accounts management into the hands of people with years of experience."

UNW's Business Services' reputation has attracted American and UK companies as well as European establishments.