Archive | International

IFRS vs GAAP

Compliance with multiple sets of accounting and reporting standards is one of the many challenges facing multi-national corporations. The varying standards create a lack of comparability, and decision makers can reach the wrong conclusion when reading a set of IFRS financial statements through US GAAP eyes. The FASB (US Financial Accounting Standard Board) and IASB […]

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Statutory Audits for the Middle Market Multinational

Congratulations; you navigated the logistical hurdles to become multinational! Today, globalization has substantially reduced the economies of scale that were historically required to operate internationally. Now you will be rewarded with a larger pool of resources and access to a seemingly endless supply of customers. You may also have the pleasure to be scrutinized by […]

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Foreign Partner Withholding Deadline Approaching

Attention partnerships with foreign partners: 3rd quarter withholding is due September 15. It doesn’t have the infamy of April 15 as a tax deadline, but September 15 is still a crucial date for several forms and payments. Perhaps for some partnerships and LLCs who have foreign investors, the most surprising deliverable might be third quarter […]

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