Online Business

We are the pioneers in online business Tax Law Consulting
Learn More

Global Solutions

Many years of experience in helping Australian businesses tackle foreign company tax laws
Learn More

Investment Research

Research potential investments and provide professional advice
Learn More

Maximum Profit

Professional Accounting Standards to help your business realize your maximum profit
Learn More

Your Checklist For Moving Your Accounting Firm To Another Country PDF Print E-mail
Written by Administrator   
Wednesday, 09 January 2013 04:25

Land of opportunities

 

Some local businesses often find success when they move their company to another country. When companies move to another country, it is often because that their services are more appreciated there or it could mean that they were forced to relocate by their foreign partners. Accounting firms and investment companies are two companies that often find themselves moving to another company for the reason that they are asked by their partners or investors. However, business owners from different industries still believe in the philosophy that “the grass is greener on the other side”. 

 

 

 

Why bother moving?

If you’re thinking about uprooting your company and move to a different country or continent, you have to ask yourself the following questions:

 

  • Is it worth it? – Moving to a new country can be expensive, what with all the additional purchases of services from removal companies, plane charters, and so on.
  • Can you risk it? – Moving overseas will disable all of your services for at least a few weeks because you have to pack, travel, unpack, and get settled before you can start running again.
  • Are you prepared? – When you’re moving to a new country, you have to be prepared. You need to have a new building, new sets of business permits, registrations, and licenses that conform to the country’s laws. 

 

What do you need?

 

When you’re moving to a new country, you need to have a checklist. This list will help keep you reminded of what you need to bring and what you need to acquire before, during, and after the move.

 

Before the move:

 

  • Figure out what needs to be left behind. You can’t expect to bring everything with you. Some business owners sell their furniture pieces because they will opt to buy everything in the new country. This is a very good alternative because it helps them save a lot of money.
  • You need to protect your documents. Accounting firms will always have important documents around and it’s easy to lose them during the move. You may want to hire a records management company or a specialized company that deals in document logistics.
  • Create an inventory of what you will bring.

After the move:

 

  • Once you arrive at the country and your new office spot, consult your checklist. This will ensure that everything’s accounted for.
  • When you bring furniture on your travels, be sure to check for damages incurred during transit. This way, the moving company will compensate for the damage that might be incurred by your cargo during shipping. 

This checklist should help you when you move your accounting firm to another country. It should be able to make things run smoothly. 

 

 

 

 

Last Updated on Monday, 10 February 2014 12:28
 

globe

We have propositions for everybody!

Let’s face it: you’re an entrepreneur. You aren’t interested in the nitty-gritty financial aspects of your business any more than you’re interested in running barefoot through a football field covered in broken glass. For a business-minded individual, focusing on tax laws and accounting practices can be a painful, drawn-out process. That’s where we can help. Our team of business tax experts can handle everything from choosing an appropriate accounting system to analysing a prospective investment to determine whether it will bring unwanted tax issues.

Why Choose Us?

For more than seven years, we’ve been saving our clients from making “rookie” tax mistakes that could have cost them thousands of dollars in excess taxation. Together, our team represents more than 300 years of industry experience in accounting specialties across the board. If you have a question, we have the answer. At Bennetts Tax, we know business tax and finance inside out. It’s what we do best and we’re determined to do our jobs right the first time so you don’t have to spend any time and worry on your business’ fiscal health.