Cross-Border Operations
Optimize Global Operations
We provide comprehensive services to manage and optimize talent sourcing and a company's workforce across different countries
Often when using different vendors in different countries a company can find themselves both with compliance issues locally and a mess when it comes to consolidating the data being received from around the world.
The role of H&CO’s international accounting services is to change this to a more streamlined and simple experience for our clients. H&CO provides a clear understanding, deliverable and compliance with the operational accounting requirements both in a local country and flowing that into International Accounting Standards utilized by our clients at a headquarter level . This allows our clients control of activities outside the country and standardization at an consolidated headquarters via.
We have specialty knowing in International Accounting standards as a set of accounting standards and rules that must be adhered to and followed as a standard in the most diverse countries in order to adapt the language of this type of financial statement. H&CO are experienced in USGAAP consolidation and International Financial Reporting Standards (IFRS) which provides a global framework, adopted by over 140 countries, including the European Union and many Asian and South American nations
Beyond normal bookkeeping and local accounting when operating internationally, cross-border financial activities become part of a company’s routines and it needs a specialty of experts like H&CO to assist with the handling of variables such as currency fluctuations, foreign exchange regulations and international trade laws and taxes.
In addition, companies should establish transfer pricing policies compliant with international regulations to prevent legal and financial penalties.
Why H&CO Global Expansion
We empower people and organizations to achieve their goals through top-tier international professional services. With a network spanning 30 countries and expertise in over 100, we drive global expansion. Our local knowledge, advanced technology, and strong partnerships ensure clients' smooth and timely success in new markets.
We are dedicated to providing first-class support for global ambitions.
Payments management
The ability to manage international payments effectively is essential in global trade and business. H&CO’s payment support can allow companies to expand beyond their domestic markets, obtain global supply chains and take advantage of diverse talent pools.
International payments and national payments have one basic purpose: to transfer funds from one entity to another. However, they differ significantly in their processes, complexities and the factors that affect them.
At H&CO we can ensure your payments proper preparation of payment files for company validation and approval, a detailed process for account verification and that your local entity is set up payments within the local banking systems to release funds.
Invoicing
Invoices are a core part of daily operations for any company. Withiut accurate and timely invoicing and the tracking of those invoices the revenue flow stops and business can be put at risk. At H&CO we take our invoicing support for our clients
Countries, vendors and suppliers may have different invoicing formats, payment terms, and conditions which makes it challange to maintain consistency and accuracy in invoice processing. H&CO’s experts with knowledge of both local and global invoicing can simplify this process to allow you to focus on delivering for your business.
Proper invoice management involves not only generating invoices but also tracking payments. Late payments or delayed tracking can cause cash flow problems and give an inaccurate picture of a company’s true cash position, not to mention demaging its relationship with suppliers and clientes.
When operating globally, it is importante to have local support in preparing and settling invoices, according to local compliance rules and regulations.
Business Process Consulting
H&CO’s Consultants specialize in helping our clients enter into and operate in markets outside their home country. Whether it’s developing a go-to-market strategy, setting up your entity structures or looking at the best locations to set up operations we can support early on in your International strategy discussions.
In addition our team has expertise across tax compliance and transfer pricing to ensure your financial operations are in line with best practice for companies operating across multiple jurisdictions. Our expertise spans:
- International Tax and accounting processes
- International HR
- Entity management and structures
- Market Entry strategies
- Merger and Acquistion consulting for International operations
- Transfer Pricing
International Tax Planning
We help you plan your international investments and global business expansions in a way that minimizes your worldwide tax liability and maximizes your return on investment. Our global Tax Advisors have years of global tax experience helping global investors and multinational companies achieve maximum tax efficiency. Our international tax planning minimizes taxation impacts on cross-border operations, aiming to enhance investment returns while maintaining your competitive edge. Trust us to craft and implement effective tax strategies, securing your financial success in the international arena while complying with transfer pricing and other international tax rules.
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Income tax planning
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High Net Worth Individual Accounting Services
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Income Tax Preparation Services
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International Tax Planning and International Tax Preparation
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Estate Tax Planning and Compliance
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Gift Tax Planning and Compliance
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Charitable Tax Planning and Compliance
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Family Office Tax Services
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Real Estate Tax Planning and Real Estate Tax Preparation
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IRS Tax Audit Representation Services
We're the complete tax service solution
Our Individual Tax Services:
We offer comprehensive taxation services that go beyond basic tax preparation and filing your taxes online. Our experienced tax professionals provide full service and comprehensive services from income planning, tax preparation, to IRS representation, and ensure the accuracy of your federal and state income tax returns. Trust H&CO for reliable and guaranteed tax assistance.
Common Tax Questions
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What should I consider when expanding globally?
There is a lot to consider, but H&CO is here to make what can seem complex very simple.
The key consideration is aligning your business goals with the markets you are looking to enter and a strategic plan in place that helps you achieve those goals. Once you’ve chosen your route to global expansion you should consider ensuring you are operating effectively and compliantly in those markets so you achieve your goals.
Are you looking for international growth? Our team can help you determine the best markets to enter to grow your business
Are you looking for to save costs by outsourcing to another country? Our team has the expertise to help here.
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What country should I choose to expand into?
When expanding globally it is important to consider the main reasons for your expansion and then determining which market and country will help you best to achieve your goals. For example If your expanding to grow your revenue then a market analysis can be done to see where you’d have the most success selling your goods or services.
Alternatively if you are looking to lower costs there are key markets for this as well dependant on your needs as well as areas like language skills and cultural fits when looking at staff.
Get in touch with our team to help walk you through the best countries for your business to expand.
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What is the cost of expanding my business globally?
Costs for expanding globally can vary greatly between countries, strategies and the size of the business growth. Contact our team and we can quickly provide you detailed costs based on your business needs.
If you are looking to hire one employee in one country the costs may be significantly less than in your home country. However if you are looking to enter into multiple countries you need to not only consider the cost of your local providers in each country but also for your central team to manage what could be many providers.
H&CO can streamline all of this for you so that you have one key provider allowing you to control your cost structure when operating globally.
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How much time would it take me to establish an entity in a new country?
The time to establish in a new country can vary from days to months depending on the country. In addition when you are setting up to operate and employee people in a new country it’s important to not just consider the time of incorporating but also how long it takes to register with local authorities and set up bank accounts.
Our team of experts can provide you with exact timings and plans to get you up and operating quickly no matter the country.
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What are the operational risks of expanding globally?
Global Expansion is a great opportunity but ensuring that your operations are run correctly outside your home country is the major risk to consider in order to maximize your investment.
Non compliance with local regulations or not meeting payroll for your employees can mean that your global expansion goals suffer (or fail completely), but they will also take up significant time from your management teams back at headquarters.
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Is it better to use a local or global provider when expanding internationally?
This is a major question companies face. Often local providers can seem more cost effective but in order to maximize that cost effectiveness you must have internal teams that can manage multiple local providers and be able to speak their language to ensure a smooth and compliant operation. Also, it is key any local provider understands international companies as the management of operations for these companies is different.
Global providers, llike H&CO, can give you one firm to manage all your global compliance and when like H&CO they also have expertise on the ground you get the best local knowledge combined with global effeciencies.
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How can I manage a global workforce?
Managing a workforce across multiple countries can be a challenge. By utlizing a global provider, like H&CO, who has local expertise in HR, Payroll, and EOR services you can ensure you have a solution that keeps your employees paid on time and compliant while your Group HR team has their knowledge suplemented by global experts. -
What is EOR?
EOR stands for Employer of Record and is when a third party organization employes a person (or multiple people) on behalf of another organization. This is often used internationally as a way to employ staff when the company wishing to hire an employee doesn’t have a local entity. The service normally includes directly employing the person to a local entity and handling payroll, taxes, benefits, and compliance.
Need personalized consultation for global expansion services?
We have extensive experience in creating tailored strategies and structures to meet your unique business needs worldwide.