Tax Power™ U.S. Tax & Business Advisory Services and Solutions
Global Business Solutions
For many U.S. businesses, income tax expense represents the greatest single line item expense on the P&L statement. When added to other non income related taxes such as real and personal property taxes, consumer use tax, excise tax, etc., plus the expenses of compliance with federal and local tax laws, the number can be staggering when viewed as a percentage of gross income as compared with other business expenses.
Tax laws and regulations are extremely complex and should be addressed only by specially trained and experienced professionals; however budget constraints often place limitations on businesses resources that may result in unnecessary penalties and interest. Failure to devote adequate resources to tax administration often also results in the business paying unnecessary taxes, and often penalties, as a result of lost tax planning opportunities.
Acting as an extension of your business or Tax Department, Powers & Company will work with your business to identify the tax ramifications associated with your business, including all related tax compliance requirements, and then provide the tax research, planning and compliance support necessary to avoid unexpected and potentially adverse tax consequences. The tax services that we provide are listed below.
Global Business Tax Services
business outside your home country creates many unique tax situations and
imposes new and unusual tax requirements. This applies to both U.S. companies
doing business abroad as well as companies of other countries doing business in
the United States.
on whether your business is merely shipping product to customers overseas and
occasionally sends representatives to call on customers, or if it assigns
business representatives to live in the country temporarily or indefinitely;
whether you establish a branch office or a local business entity; whether you
advertise in the foreign country or not along with many other factors can
determine to what extent your business will be exposed to taxation in a foreign
country or subject to special tax rules in your home country.
Powers & Company will work with your business to identify the tax ramifications of doing business overseas and to plan and avoid unexpected and potentially adverse tax consequences.