International Tax Services
International trade is the key driver to the business growth of many global companies today. However, the wrong U.S. and foreign tax structure can put your company at a real disadvantage. What many fail to realize is all companies are not alike. At Freed Maxick, we try to gain an understanding of the issues you face. Our international tax professionals serve businesses in all 50 States, dedicating their time advising companies like yours on international tax issues. We draw upon our multi-national knowledge to implement global tax strategies relevant to your company.
International Tax Planning Services
International tax compliance can be a full-time job, as each country has a host of specialized rules and regulations. We help meet your global compliance requirements by assigning the proper tax professional for the related jurisdiction.
Our international tax professionals can analyze your worldwide structure to help minimize your worldwide effective tax rate. The proper structure can ensure that you take advantage of the benefits available under the tax laws of countries throughout the world.
With the increased emphasis on transfer pricing regulations world-wide, companies face an increasing risk of audit by both the IRS and tax authorities throughout the world. Our international tax professionals can review your organization’s inter-company transactions to ensure you are complying with transfer pricing regulations in the U.S. and abroad.
Expatriate Planning & Compliance
With proper planning, our professionals can ensure that your international employees pay the minimum amount of tax necessary. We look for ways to minimize your employees’ U.S. and foreign social security, payroll and other taxes, as well as limit your corporate exposure to taxation in a host country.
Export Incentive Planning – IC-DISC
Competing in today’s global marketplace requires new and specialized expertise in entering new markets, minimizing taxes and customs duties and maximizing government trade incentives. Our professionals are uniquely qualified to assist small to large businesses in taking advantage of trade incentives.
Foreign Bank Account Report Compliance
In recent months there has been a flurry of activity and discussion among both the IRS and tax practitioners regarding the new version of Form TD F 90-22.1 (“Report of Foreign Bank and Financial Accounts” or “FBAR”) that was issued in late 2008. While FBAR reporting requirements have been in place since 1970, significant revisions to the form and associated penalties for non-compliance have garnered the attention of many taxpayers and practitioners over the last six months. We are poised to assist you in becoming compliant with regard to your FBARs and work with you regarding the Voluntary Disclosure Program.
Freed Maxick CPAs has built its reputation by serving growing, private and publicly-held businesses in Western New York and Canada. Because of Buffalo’s unique location on the southern edge of the Canadian/American Commercial Corridor and its proximity to almost 50% of the United States population, Western New York is host to a multitude of Canadian companies doing business in the United States. Consequently, the Canadian services division of Freed Maxick has expanded correspondingly. We are proud of our position as Western New York’s leading accounting firm providing services to foreign-owned businesses. We have an active Canadian Services Group within the Firm serving Canadian-based firms doing business in the U.S. In many instances, we have provided US tax and audit services and coordinated projects with the client’s Canadian-based, Chartered Accountant.
Expatriation Consulting Services
Foreign Bank Account Report (FBAR)
Failure to File FBAR | Penalties
FBAR Penalty Relief Under Certain Circumstances
Recent FBAR Developments
Foreign Account Tax Compliance Act (FATCA)
CONTACT US to learn more about our Tax Services.
ABOUT US: Freed Maxick 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 closely-held businesses, public (SEC) companies, not-for-profits and governmental entities in Buffalo, Rochester, Syracuse, Albany and NYC, New York.