Expatriate Tax Planning, Compliance & Consulting Services
The expatriate tax practice of Freed Maxick & Battaglia, CPAs is one of the fastest growing segments of the firm. Globalization of the economy has caused consolidation of businesses in many industries. As a result, employees are routinely transferred between countries for short-term or longer-term assignments to manage the newly combined or separated operations.
Our international tax professionals make sure your international employees, both U.S. citizens working abroad and foreign citizens temporarily present in the United States, are taxed correctly. We also look for ways to reduce your U.S. and foreign social security taxes, payroll taxes, withholding taxes and other taxes, as well as limit your nexus to taxation in a host country.
This shuffling of resources can create real headaches when it comes to sorting out tax filing and withholding requirements in the host country and the UnitedStates. For example, unlike the laws of other countries, American citizens who transfer abroad remain subject to the full force and effect of U.S. tax reporting and payment requirements. In addition, the particulars of their foreign assignment may cause those same individuals to be subject to the host country’s employment taxes.
In order to ensure a U.S. transferee is not adversely affected by a higher global tax burden, many employers agree to tax equalization as part of the compensation package. While this part of the package sweetens the deal for the employee, it can lead to substantial costs on the employer’s part.
Reduce taxes through proper planning.
Proper tax planning is a must to help ensure your company understands the implications this type of transfer agreement. Freed Maxick’s international tax professionals can help you reduce your tax burden with various measures that minimize the foreign tax applicable to the employee. Our team looks for ways to reduce your U.S. and foreign social security taxes, payroll taxes, withholding taxes and other taxes, as well as limiting your company’s nexus to business taxation in a host country.
And we make sure your international employees, both American citizens or permanent residents working abroad and foreign citizens temporarily present in the United States,
are taxed correctly.
Prepare for your next move.
It is smart to utilize your best employees throughout your multinational operations. At the same time, it is crucial that you comply with the tax reporting and payment requirements
in the United States and abroad. Let us help ensure you are prepared for all your employees’ next moves.
Choose Freed Maxick & Battaglia, CPAs
Freed Maxick & Battaglia, CPAs is Western and Upstate New York's (NY) largest public accounting firm and a Top 100 firm in the U.S. Freed Maxick provides, audit, tax and consulting services to private and public (SEC) companies in Buffalo, Rochester, Syracuse and Albany New York. Affiliated with RSM McGladrey, the 5th largest accounting firm in the U.S., Freed Maxick has vast national and international resources to help your business expand nationally and internationally.
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Our international tax professionals make sure your international employees, both U.S. citizens working abroad and foreign citizens temporarily present in the United States, are taxed correctly. We also look for ways to reduce your U.S. and foreign social security taxes, payroll taxes, withholding taxes and other taxes, as well as limit your nexus to taxation in a host country. Each member of Freed Maxick’s International Tax Group and has extensive experience (including Big Four experience) working with U.S. based companies doing business abroad as well as foreign-owned companies doing business in the U.S. The group provides tax and consulting services to privately held and public (SEC) companies. Affiliated with RSM McGladrey, the 5th largest accounting firm in the U.S., Freed Maxick has vast national and international resources to help your business expand nationally and internationally. Through the international network of RSM McGladrey (RSM International) we have immediate access to one of the highest levels of international tax expertise in the world.
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