When expanding an organization into the international marketplace, business owners have enough to think about without the added stress of navigating global tax laws and regulations. Choosing a capable international tax advisor is therefore, one of the most important decisions that you can make for your business.
At Accountants Without Borders, we specialize in business expansion and international tax advisory services. We have assisted US-based companies as they have moved into the global marketplace, as well as international organizations that have open branches in the United States. Our team offers decades of experience in the field, and is equipped to provide excellent tax advice among other financial services for international businesses.
Before selecting an international tax advisor to partner with your business, there are a few things that you should keep in mind to ensure the best results. Continue reading to learn the top three attributes that a qualified international tax advisor should bring to your organization.
1. A deep understanding of international tax laws
No matter how well-educated an accountant is, there are certain elements of the field that require extensive professional experience to master. Understanding the tax laws that regulate businesses in different countries is an essential component of performing international tax advisory services. For example, most governments require businesses to obtain a tax registration number immediately upon their expansion into the region. An inexperienced tax advisor may overlook important documentation if they have no prior experience navigating the tax laws that govern a certain country. Furthermore, a lack of experience will make it difficult for an advisor to provide accurate information and protect their client from being penalized. The best way to avoid running into legal troubles is by opting for an international tax advisor that has a diverse portfolio and has therefore become well-versed in international tax laws.
2. Business growth strategies
One of the greatest advantages that tax advisors bring to both domestic and international businesses is strategic tax planning. It is important to choose a professional who offers the necessary skills to identify potential tax breaks, help your business meet local incentives, and reduce your overall tax liability. If you are expanding your business across borders, you are likely already growing on an upwards trajectory. Tax advisory services should only add to this momentum by educating your executive team on strategic ways to save money on taxes each year, resulting in an increase in profit for your business. At Accountants Without Borders, we harness decades of experience in international tax planning to bring you the best solutions as you expand into new parts of the world. We partner with you to make your organization as lucrative as possible by creating strategies that can be used to reap the full benefits of filing taxes on a global scale.
3. Up-to-date information
The field of international tax advising is incredibly dynamic, as tax laws and incentives are constantly changing all over the world. Therefore, when selecting an international tax advisor, it is crucial to inquire about how they plan on staying up-to-date for the financial benefit of your business. Tax advisors should be actively looking for new ways to save your organization money, and be aware of any new regulations that your business must comply with. Experienced international tax advisors understand that staying ahead of the curve is the only way to deliver excellent results for their clients. Otherwise, your organization may miss out on money-saving opportunities that could be reinvested into your plans for expansion.
Are you searching for a trusted international tax advisor to assist your business? Contact us today to find out more about our top-rated financial services.