Global Business Solutions
We can improve your global finance, accounting, tax, payroll and HR compliance and help you expand globally.
We recognise that not every organisation has the resources necessary to carry out all payroll, accounting and business management tasks. No matter what time zone you are in our knowledgeable and skilled teams can handle all of your global requirements on your behalf, taking care of compliance, HR and finance related administration, allowing you to focus on your business and take advantage of new global opportunities.
Our UK-based Global Business Solutions team provides global HR, payroll, accounting and tax compliance, bookkeeping, invoice payments and bank account management services. All services are integrated and you have one UK team working in all territories to ensure a fully joined-up approach. Our devoted on-call team is committed to helping you implement an international, customised expansion plan swiftly and effectively.
Global reach
Dedicated support and compliance
Integrated solutions
Our work tailored to your needs
Expanding your business overseas requires confidence. Doing so in new and remote markets requires assurance. Assurance that you are getting the right advice, first time, from people who are interested; understand your business and are committed to your success.
We work with our clients to determine the most appropriate registration types to put in place in each of their target countries. In many countries the choice of options includes:
Establishing a subsidiary need not be costly or over-engineered. Depending on location it is usually possible to establish a subsidiary within one to six weeks. Certain countries, with more onerous registration requirements, such as China, Brazil, India and Mexico can take longer, sometimes up to six months to complete full registration.
Many of our clients establish a subsidiary because of the protection it affords to the parent company and use it to act as the parent company to regional branch offices. Others use it as a regional profit centre as part of a wider global tax planning exercise.
A Branch is often an alternative to establishing a subsidiary in an overseas country. Registration time is similar to that of a subsidiary, but registration costs are typically greater. An advantage of a Branch is the speed with which it can be closed down should it no longer be required.
It is worth noting that a Branch is not a separate legal entity to its parent company and as such represents an extension of the parent into a new legal jurisdiction. Care and advice should be sought about the potential tax and legal risks that may arise whilst operating through a branch in an overseas country.
A non-Resident employer is generally a non-taxable business registration that can be used for preliminary market research and market entry purposes. Activities of a commercial nature are not typically allowed to be undertaken.
Working seamlessly as an extension of your HR and legal departments, we aim to make the process of employing and managing your international staff as painless as possible.
Explore our HR Advisory services
Our suite of services include:
- Country-compliant contracts of employment
- Offer letters
- Contractor arrangements
- New hire induction
- Country-specific employment law key facts
- Policies and procedures/employee handbook
- Performance management/development
- Absence management
- Stress management
- Health and safety obligations
- Discipline and grievance issues
- Collective employment relations; trade union/workers representation
- Terminations
- Redundancy management process (RIF)
- Guidance on country specific immigration requirements
- Visa and work permit applications
- International assignment letters
- Cost of living allowances
- Global mobility and relocation services
- Advice on reciprocal tax and social security agreements
- Expatriate tax advisory services
- Repatriation services
Crowe UK provides clients with a comprehensive range of financial accounting and bookkeeping solutions tailored to meet your needs.
We understand that your finance team need visibility on the performance of your international operations.
We tailor our solution to provide this in whichever way suits your reporting requirements. Typically this takes the form of monthly financial statements for your own reporting purposes together with quarterly reports to support board presentations.
Our support throughout the year might include:
- Preparation of monthly management accounts reporting to an agreed timetable and to an agreed chart of accounts.
- Preparation of a monthly cashflow forecast for funding purposes.
- Accounts Payable management and processing of all invoices and expenses.
- Maintaining fixed asset register, where necessary.
- Maintaining accruals, prepayments and all other balance sheet controls and reconciliations.
- Bank account management including payment of employees; vendors and tax authorities on your behalf, posting of all transactions and monthly bank reconciliations.
- Preparation of the monthly payroll and payment of salaries across all agreed countries. We will also make the payments of the withholdings to the local authorities together with the payment of any benefits and/or insurance premiums.
- Handling correspondence with your international employees including questions and queries related to expense claims, payroll and vendor payments.
- Quarterly review meeting with you to ensure deliverables are being met and that quality is exceeding expectations.
- Preparation and filing of quarterly VAT/sales tax returns where applicable.
- Preparation and filing of quarterly tax returns, including VAT/sales tax returns, corporate tax payments on account; withholding tax etc.
- Provide a tailored compliance calendar, detailing all filings due and dates in the year.
- Prepare and file the annual financial statements for each of your international subsidiaries and branches, where required.
- Where required by law, work with your auditors to ensure local audit obligations are met.
- Complete and file all annual tax returns, including payroll; corporate income tax; benefit in kind; stock options etc.
Getting your employees paid on time, correctly, is clearly critical to the success and compliance of your international operation.
Crowe UK is able to offer a truly global payroll service, taking ownership of processing on your behalf. Centrally coordinated, we will:
- process monthly payroll for your international employees
- ensure all tax efficient allowances and tax treatment of income is correct
- comply with all local withholdings and social security obligations
- pay net salaries to your international employees each month, ensuring each employee receives a local monthly payslip
- prepare monthly gross to net payroll reports for entry in to your general ledger.
We will also wire the withholding taxes and the employer and employee portion of the social security taxes to the local authorities whilst at the same time ensuring that any additional items, such as pension arrangements, are also taken care of.
Our payroll services are an integrated feature of our turnkey finance and HR solutions, ensuring no missed steps as a result of a lack of communication between separate service providers.
Operating in overseas countries can present significant challenges. Each country has different tax laws, compliance requirements and filing deadlines.
We ensure that your international tax and financial reporting filings are prepared and completed on time, by agreeing with you a timetable of deliverables at the start of each financial year. We then work with our local teams, managing and undertaking the assignments on your behalf to ensure that these are taken care of for you.
If you operate through a branch or a subsidiary overseas you will be required to file a corporate income tax return. These returns are typically filed once a year, but some countries require more frequent filings. Wherever you are operating, Crowe UK will ensure that your returns are prepared and filed in accordance with local rules.
Explore our Corporate Tax services
Value Added Tax legislation is complex and can have a significant impact on how you might structure your international sales agreements. Whether you are shipping product, selling services or enabling your customers to download software online, there are VAT issues that need to be addressed upfront in order to avoid complication and penalties arising at a later date. Crowe UK professional VAT team can provide full guidance and support for all your VAT issues.
Where you may have related party transactions between the US parent company and its overseas subsidiaries then these transactions and services should be documented just as they would be if they were with an independent third party. Our tax team can advise and assist you in complying with local country transfer pricing requirements.
We're here to help, and make running your business simpler for you
We work with you to deliver what you need. Close working relationships are at the heart of our global service delivery. Worldwide, you require rapid and effective service, and we stay on top of compliance in every country where we represent you.
We have a strong global network. Our expertise and access to professionals across our global network means we have Crowe Global people on the ground in the countries where you have operations.
We help you to make smart decisions that have lasting value. Working with you, we will help you successfully adapt and overcome challenges making it easier to expand into new countries.