Tax, accounting, HR outsource
If You don’t want to receive numerous fines and penalties issued by regulatory authorities, accounting must be filed on time and in full, all transactions must be carried out correctly and taxes must be paid. This problem is especially relevant for businesses divisional entities of which are registered in various jurisdictions, because each country has its own taxation system, with provisions and rules for submitting annual reports that are unique to it.
There are three ways to solve this problem:
- Hire a local accountant for each company registered in a foreign jurisdiction. This option is impractical for a business that does not carry out real business activities in all jurisdictions in which enterprises are registered. In addition, this variant is likely to be the most expensive and will be fraught with difficulty in changing the accountant, whose rights are protected by the labor legislation of the country in which the company is registered.
- Find in each country some company that will outsource accounting issues. This path may seem to be more economic, but as a rule, it ends up with communication problems with a number of various local companies, and the difficulty in operating the business as a whole.
- Contact Legarithm. With us, you will receive high-quality accounting support for all your enterprises, regardless of the jurisdictions in which they are registered, because we work on the principle of a “one-stop shop”.
Accounting outsourcing is becoming more and more popular, according to research, more than 60% of enterprises have outsourced at least part of their financial and accounting operations. Outsourcing of accounting services from the supply side is also becoming more common, but Legarithm is a “full-cycle” legal services company, because we will provide you with a full range of services, from registering your company to accounting of all services and filing reports.
We suggest you familiarize yourself with the services that Legarithm lawyers, as experts, are ready to provide for you in the field of international tax planning.
In particular, we provide the following services for tax support of legal optimization of the tax burden:
– Analysis of all taxes, duties and other mandatory, state payments, which have been paid by Your company for the last fiscal period;
– Examining of existing tax paying schemes developed by specialists of Your company;
– Consulting concerning particular transactions;
– Expert report on unregulated or disputed tax issues;
– Consulting on avoiding double taxation, in particular, during conducting transactions with foreign entities;
– Lawful minimization of taxes, due to business restructuring, revising contractual basis, decreasing of tax bases and other methods;
– Risk assessment concerning employment of different tax optimization methods.