Learn How to Supercharge Your Margins
It was not that long ago that global companies were typically known as the “800-pound gorilla”...massive businesses who were leaders in their industries and household names we would all recognize. But that’s all changed, as Thomas L. Friedman expertly explains in his national bestselling book, ‘The World Is Flat: A Brief History of the Twenty-first Century.” Even more than the combustible engine, the light bulb, and air conditioning, a computer and an internet connection have changed the world forever.
Converting Big Ideas into Great Innovations — Globally
Case in point: We have a client who has been in the scrap business for over 30 years. Their foray into global trade would be “old school” by today’s standards: exporting goods to international buyers and transporting shipping containers full of scrap material across the globe.
To help them obtain tax incentives, we created an interest charge domestic international sales corporation (IC-DISC) for them. This allows them to do what they do best — find scrap and then find buyers for it — and allows us to do what we do best — dig into their business to unearth ways to supercharge their margins. This couldn’t have been done decades ago, but now it is what is keeping this client competitive.
On the other side of the coin is a web developer client whose capabilities know no geographic boundaries. Our team has helped him understand the taxation and reporting required for operating outside of the U.S. through our international accounting alliance, giving us expertise across the globe.
Business Advice for International Businesses: Additional Resources for You
You might find these blog posts of value, where we share our insights on specific topics affecting international businesses. Or you might like to check out our Knowledge Center for more in-depth resources to help your great business stay ahead of the curve.
At MGA, we take the trust you place in us very seriously.
To help you prosper, grow, and become a leader in your field, we will continue to stay apprised of the ever-changing business and regulatory landscape, nationally and around the world. As international accounting experts you will find us leveraging our knowledge and expertise to your gain — our ultimate goal.Let's talk!