Last week’s webinar Doing Business in the U.K.: It's Harder Than You Think encouraged a lot of discussion. There were several interesting questions from attendees for HSP's U.K. expert Katie Davies; here are some of the highlights, and answers:
When a company is considering international expansion, there are a number details to consider: what type of entity to set up, how to hire employees, what taxes need to be filed, etc. Though the details may vary depending on country and company specific circumstances, there are three common mistakes that businesses headed overseas make that can be easily avoided.
If your business is planning an international expansion, a key consideration is how to setup your operations. And, if your overseas business opens you up to permanent establishment risk, you may to consider establishing an international entity.
But what kind of entity makes sense for your company? It depends on country regulations and the specific situation and details of your business, but here are a few guidelines for some of the more common entity types.
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Last week’s webinar Know Before You Go: International Expansion and Permanent Establishment Risk encouraged a lot of discussion.There were several interesting questions from attendees for HSP's permanent establishment expert Justin Smith; here are some of the highlights, and answers:
Q: My company doesn't have any employees on the ground outside of the U.S. yet, but we use independent contractors in several countries. How much of this applies to independent contractors?
Most startup businesses are faced with the challenge of making the most efficient use of every dollar of their financing. As a result, creative cost-cutting measures are essential to increase available working capital.
For the unwary employer, however, cutting the wrong corners can be financially disastrous and may crush the life out of a new venture with enormous penalties, possible double damages, expensive litigation and potential individual liability for officers and directors. What follows are four costly employment mistakes companies can make, and how to avoid them.
If you have a company that operates internationally, you are likely familiar with the concept of transfer pricing. With multinational companies working in countries with different tax laws and rates, transfer pricing is used to determine proper allocation of income within the supply chain for tax purposes, matching income with functions, risks and exploitation of intangible property. Simply put, it’s a strategy that gets the right income in the right place, so you can be taxed on it correctly.