Our international accounting & tax services
Whether your business already has international offices or is planning global expansion, BoardRoom can help you get all complex tax and accounting matters sorted.
01 International bookkeeping and global reporting
02 Cross border transactional processing and management
03 Global tax management, tax reporting and financial advisory services
- Global tax reporting
- Global VAT and GST compliance
- Tax provision and deferred tax calculations
- Corporate income tax and withholding taxes
- Direct and indirect tax solutions
- Global mobility services
- Transfer pricing services
04 Other outsourcing services
- Accounting processes and controls documentation
- Consolidation and accounting template development
- Reconstruction of accounts, including clearing accounting record backlogs
- Clearance of suspense account items
- Corporate tax compliance solution
Frequently Asked Questions (FAQs)
1. What is the benefit of outsourced international tax and accounting services?
Staying compliant is a task that countless businesses, small and large, get help with from professional tax and accounting firms like BoardRoom. On an international playing field, both the complexity and importance of compliance are only multiplied.
Our global accounting and tax services can help you gain a better understanding of your company’s finances, navigate tricky tax matters, and identify areas for further growth and cost-saving. All of this is done while freeing up time for your own internal team to focus on growth directly.
2. Why is it important to maintain compliance?
Businesses, especially those operating on an international level, run the risk of unintentionally filing tax or accounting reports incorrectly. To stay compliant is of utmost importance if you want to avoid hefty fines or worse for your business – potentially across several different jurisdictions.
3. What compliance challenges do international businesses face?
When expanding your business globally, there’s a long list of hurdles you will have to jump over to maintain compliance. Businesses operating with or without a representative office will have varying tax obligations, while some countries utilise a value-added tax (VAT) system that will need to be navigated as well. Beyond this, managing a global team when it comes to matters like payroll can become troublesome without the proper infrastructure.
International accounting and tax services can help with all of this. Please contact us for more information.
4. What makes BoardRoom an ideal partner for international accounting and tax services?
There are several reasons why we are the right firm to work with if you are looking to expand your business internationally. Our strong presence in the APAC region, combined with our collaboration with Andersen Global, gives us a unique position to offer assistance to all our clients over the globe. Our diverse suite of services covers all tax and accounting matters, payroll, corporate secretarial, and more.
Our years of experience in the field and industry-leading cloud accounting and finance technologies give us the tools we need to create personalised solutions designed to help your business succeed.
5. What are transfer pricing services?
Transfer pricing services are an integral part of our global tax services offer. These services are designed to help companies navigate the complex and ever-changing rules and regulations associated with cross-border transactions between related parties.
Transfer pricing refers to the process of determining the fair market value of goods and services that are traded between related parties, such as subsidiaries or affiliates of a multinational corporation. This is important because the prices that are charged for these transactions can have a significant impact on a company’s financial performance and tax liability.
Our transfer pricing professionals have a deep understanding of transfer pricing rules and regulations and can provide the following services:
- Transfer pricing documentation: This service involves preparing and maintaining documentation that supports a company’s transfer pricing policies and practices. This documentation is used to demonstrate to tax authorities that a company’s transfer pricing practices are in compliance with relevant laws and regulations.
- Transfer pricing analysis: This service involves analysing a company’s cross-border transactions to determine whether they are being conducted at arm’s length prices. This analysis is used to identify any potential transfer pricing issues and to develop strategies to address them.
- Transfer pricing planning: This service involves working with a company to develop transfer pricing strategies that minimize its tax liability while still ensuring compliance with relevant laws and regulations.
- Transfer pricing dispute resolution: This service involves representing a company in transfer pricing disputes with tax authorities.
- Advance pricing agreements: This service involves working with tax authorities to obtain an advance ruling on the company’s transfer pricing policies and practices.
By utilising our transfer pricing services, companies can ensure compliance with transfer pricing regulations and minimize their tax liability. This, in turn, can help to improve your overall financial performance.
6. What are global mobility services?
Global mobility services are a critical component of international business operations. Our global mobility services are there to help companies manoeuvre the complicated rules and regulations associated with the movement of employees across borders.
International assignments can be complex and involve a range of legal, financial, and administrative considerations. Our global mobility professionals can help you navigate these complexities and ensure compliance with relevant laws.
Some of the key services we offer include:
- Immigration services: This service involves assisting employees with obtaining the necessary work permits, visas, and other documentation required to work in a foreign country. This can include assistance with completing application forms, preparing supporting documents, and representing the employee in any interactions with immigration authorities.
- Taxation services: This service involves advising employees on the tax implications of working in a foreign country. This can include providing guidance on tax compliance, planning, and equalization.
- Relocation services: This service involves assisting employees with the practical aspects of relocating to a foreign country. This can include assistance with finding housing, schools, and other essential services.
- Compliance services: This service involves ensuring that a company is in compliance with all relevant laws and regulations related to international assignments. This can include monitoring compliance with local labour laws, immigration laws, and tax laws.
By utilising our global mobility professional services, you can ensure compliance with relevant laws and regulations related to your international assignments, minimize the cost of international assignments and ensure the smooth transition of employees to a new country.
Please contact us for more information.
7. What are financial reporting services?
Financial reporting refers to the process of presenting financial information in a clear and transparent manner, so that stakeholders can understand a company’s financial performance and position. This is important because the financial reports that a company produces can have a significant impact on its reputation, credibility, and overall financial performance.
To ensure compliance with local and international financial reporting legislation, companies may seek the services of a financial reporting professional like us.
Our professionals have a deep understanding of local and international financial reporting rules and regulations and can provide a range of services to help companies like yours navigate these complex issues.
Some of the key financial reporting services we offer include:
- Financial statement preparation: This service involves preparing financial statements in accordance with local and international accounting standards. This includes preparing balance sheets, income statements, cash flow statements, and other financial reports.
- Financial statement analysis: This service involves analysing a company’s financial statements to identify any potential financial reporting issues and to develop strategies to address them.
- Financial statement review: This service involves reviewing a company’s financial statements to ensure they are in compliance with local and international financial reporting regulations.
- International tax services: This service involves advising a company on the tax implications of its financial reporting. This can include providing guidance on tax compliance, tax planning, and tax reporting.
- Technical accounting research: This service involves researching and interpreting complex accounting and financial reporting issues.
By utilising our professional financial reporting services, companies can ensure compliance with financial reporting regulations and improve the quality of their financial reporting. This, in turn, can help to improve their overall financial performance and transparency to relevant stakeholders plus investors.