Expatriate Tax Planning
Companies and individuals alike across the U.S. call on Freed Maxick to assist with Expatriate tax planning and compliance. 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. 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. 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.
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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 private and public (SEC) companies in Buffalo, Rochester, Syracuse and Albany New York. Freed Maxick has vast national and international resources to help your business expand nationally and internationally.
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Expatriation Consulting Services
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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.