Top International Tax Accountant
If your business operates abroad, you’re subject to complex international tax regulations. The Internal Revenue Service (IRS) can tax you on foreign income now and in the past or might require additional forms for your return.
A top international tax accountant knows the ins and outs of international taxation to help you stay compliant and avoid hefty IRS penalties.
Recommended Firms
Sullivan & Worcester LLP
Sullivan & Worcester LLP is a law firm with a strong focus on international tax law and compliance. They provide comprehensive legal services to businesses operating globally, helping them structure transactions efficiently while ensuring compliance with various tax regulations. Their expert team works closely with clients to develop effective strategies for international operations.
Mayer Brown LLP
Mayer Brown LLP is a global law firm renowned for its expertise in complex legal issues including international tax planning. Their team assists multinational corporations in navigating the intricacies of cross-border taxation and compliance requirements. With a commitment to delivering innovative solutions, Mayer Brown helps clients achieve their business objectives while minimizing tax exposure.
Kroll
Kroll is a global leader in risk management and consulting services. They offer specialized international tax consulting services aimed at helping businesses manage their global tax risks and compliance obligations effectively. Kroll’s team works closely with clients to develop tailored strategies that align with their business goals while ensuring adherence to local regulations.
CohnReznick LLP
CohnReznick LLP is one of the top accounting firms in the US, providing a variety of services including international tax consulting. They focus on helping clients manage their global tax obligations effectively while identifying opportunities for savings and compliance. Their dedicated professionals deliver customized solutions tailored to client needs.
UHY Advisors
UHY Advisors is an independent accounting and consulting firm that offers a wide range of services including international tax planning and compliance. They focus on delivering customized solutions that help clients manage their global tax obligations effectively while ensuring compliance with local regulations. Their dedicated professionals are committed to client success.
Start your search for the best international tax accountants at Firms.com!
Your search for the best international tax accountants begins here! Review our detailed list of international tax accountant to hire the ideal partner for your business.
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Five things to consider when partnering with an international tax accountant
Before hiring an international tax accountant, ask yourself these crucial questions.
Are you comfortable working with them?
Because an international tax collector will have access to your sensitive financial data, you’d want to work with someone you feel comfortable with.
You’d also want to choose someone whose approach aligns with your business goals. Ask about how they handle audits by requesting specific examples. Ensure their approach aligns with your business goals and values.
Do they offer customized tax strategies?
International tax strategies are not one-size-fits-all. You’d want to work with an accountant who will take the unique structure of your business as well as your financial goals into account.
Will they collaborate?
Your tax strategy forms part of your business’s overall wealth strategy. That means your tax accountant should collaborate with the rest of your team, including your banker, attorney, and investment professional.
Do they communicate clearly?
International tax regulations can be complicated. An outstanding international tax accountant will be readily available to explain tax concepts and strategies.
If a tax accountant cannot answer your questions clearly and concisely, they might not be the best fit.
Is your sensitive information safe?
Your accountant will have access to sensitive financial information. Ensure they implement an information security plan and are compliant with data protection laws and regulations.
FAQs on international tax accountant
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How do international tax accountants help businesses?
While you might think that international tax accountants work with large multinational companies only, many small businesses are also subject to international tax requirements. Your business structure impacts your taxes, owner liability, and compliance procedures.
You could benefit from tax breaks if your company manufactures and sells products abroad.
And if you have foreign bank accounts or investments, you are subject to additional IRS reporting requirements.
Even a small international endeavor can affect your taxation. International taxation is complex and noncompliance penalties can hurt your bank account and reputation.
A masterful international tax accountant has the know-how to help you sidestep steep penalties and ensure you receive the tax benefits you’re entitled to.
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How do you choose the best international tax accountant?
Complete these five actions to assess if an international tax accountant is worth their salt. This way, you can hire a top international tax accountant.
Check their qualifications
Not all tax professionals are certified public accountants (CPAs). An individual simply needs a preparer tax identification number (PTIN) to help out with tax preparation. However, you’d want a professional who is licensed by the IRS and offers superb services.
It is best to choose a CPA. CPAs must maintain their credentials by staying up to date on tax laws and regulations through ongoing education and testing. You can review a tax advisor’s credentials through CPAverify.
Ensure they have ample knowledge of international tax laws
Ensure the accountant you wish to hire is well-versed in the tax laws of the various countries in which you have foreign interests. Check if they belong to any global associations like AGN International.
You also want to ensure that an accountant has experience in your industry. An accountant who knows how businesses in your industry operate and what common tax issues are can offer better advice and services.
Consider their availability
These days, there are numerous flighty tax preparers who help businesses prepare for tax season and then take off. Check that an international tax accountant can give you the support you need throughout the year.
Review their reputation
Confirm that the accountant you wish to hire is reputable. Look for online reviews and ask to speak to some of their clients directly. Ask clients if they’re satisfied with the accountant’s service.