Accounting Outsourcing and Tax Compliance Support. Globally!

We help you start your business in a foreign environment.
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Accounting Outsourcing and Tax Compliance
Accounting requirements warry significantly across the borders from country to country, or even from province to province. When starting a business in a new country you may feel all kinds of difficulties with getting your accounting procedures straight in accordance with local legislation. Global Expansion Plus can support you in 184 countries with a guaranteed high standard of quality by outsourcing completely or partially your accounting functions. We provide expertise and knowledge base of our local accounting and tax professionals to support your growth in a risk-free manner. Our accounting services include but not limited to the followings:
Bookkeeping services

Bookkeeping is a fundamental part of gathering financial information, that used in accounting and reporting. Countries have a different approach to the bookkeeping process and that creates difficulties for the financial controlling function at the headquarters. The difference can apply to a chart of accounts, descriptions, classifications and reporting formats.

Global Expansion Plus will provide you with a unified approach in all countries you are present in while making sure that all local requirements are met.
We offer the following as part of our bookkeeping service line:

  • Maintaining of general and supporting ledgers;
  • Issuing of invoices;
  • Cash and bank payments preparations and reconciliations;
  • Accounting Receivable management and control;
  • Account Payable management and reconciliations;
  • Inventory bookkeeping and control;
  • Fixed assets records and control;
  • Business trip reporting;
  • Loan and obligations;
  • VAT registrations;
Local statutory reporting and tax compliance
Meeting local statutory requirements is a major risk in running a business in a foreign country. Filling local tax returns and understanding all local regulations can be very frustrating if you do not have a trusted and loyal local partner. Global Expansion Plus can help you with outsourcing the statutory reporting function and ensuring you are 100% compliant and not subject to any fines and penalties from the state authorities. Mandatory reports include:
  • Trial balance closings and preparation of balance sheet and profit and loss statement;
  • Preparation and filing of corporate income tax return;
  • Preparation and filing of VAT Returns;
  • Preparation and filing Withholding tax returns;
  • Preparation and filing of other minor tax returns required by local authorities;
  • Reports to the Central bank;
  • Preparation and filing of reports require by Statistic Institution;
Managerial reports
Managerial reports are a crucial part of the financial control function. Accurate and timely reports are required for proper decision making. We can provide you with a report prepared in a pre-agreed format, in English, and with accurate, reliable data. There are examples of managerial reports that we prepare for our client:
  • Reporting packages that include a balance sheet, income statement with breakdowns are reconsolidations;
  • Daily and monthly cash flow statements with pre-agreed classifications and narratives;
  • Preparation of consolidation package with intercompany adjustments;
  • Preparation of additional report by demand of the management from headquarter;
Tax compliance service
Complying with local tax laws and regulations is crucial for any business that gets global. It requires deep knowledge and experience of local legislation and best practices. Not complying with some requirements can result in material fines or even jeopardize the future of your foreign entity. We provide you with the best local experts that are fluent in English and have knowledge and experience of tax compliance. If you use our services, you will get you to risk of not complying insured and totally mitigated. Tax compliance starts with applied policies and procedures, then everyday bookkeeping and finally in tax returns being submitted to authorities. We also support you in case you have any inspection or audit of our company. Tax compliance services include but not limited to the followings:

Value-added tax

  • VAT registration process;
  • VAT returns preparations and registrations;
  • VAT refund from the government;
  • VAT consultation and support;
Corporate income tax
  • Tax residency consultation;
  • Proper recognition of taxable income and expenses;
  • Proper accounting of all legal deduction;
  • Filling and submitting corporate income tax returns;
  • Representation of the company in case of inspection or tax audit;
Import and export related taxation
  • Import and export consultancy;
  • Excise and customer duty-related registrations and support;
  • Preparation of the related tax return and submitting to tax and custom authorities;
Payroll related taxation
  • Preparation of employee and employer’s social contribution returns;
  • Preparation of personal income tax return, if the company acts as a tax agent at employment;
  • Employee withholding taxation related to income, interest, and dividends;
  • Representation of the company at any inspection and tax audits under a power of attorney.
US GAAP and IFRS (International Financial Reporting Standards)

Application of US GAAP or IFRS principles at a local basis may be challenging and usually requires adjustment and reconciliations between local trial balance and IFRS balances and results. The difference between IFRS (or US GAAP) and the locally applied recognition criteria and subsequent measurements can differ significantly, so the adjustments can have a material effect of financial reporting.
We have a team of Certified Accountants that qualified at global professional bodies who possess deep knowledge of international accounting principles and standards. Most importantly we can provide you with a comparison of local GAAP to US GAAP or IFRS, explaining main differences and reconciliations.

We can provide you with the following documents:

  • Working trial balance transformation file from local standards to US GAAP or international financial reporting standards;
  • List of adjustments from local standards to international standards with detailed calculation and explanations;
  • Local financial reports prepared in accordance with US GAAP or IFRS for consolidation purposes;
Local expertise made easily accessible globally

Contact us today to get more information on how we provide
our support and request a free quote for our services.

Local expertise made easily accessible globally
Contact us today to get more information on how we provide our support and request a free quote for our services.

Testimonials

Some feedback from our clients that will help you to understand who we are:

We won a construction contract in Spain and approached Global Expansion Plus for support. We had only four months to complete the construction of the solar parks and submit the work to the authorities and the investor. Global Expansion Plus helped us with the purchase of an umbrella company that already had all construction licenses and permits.
They also supported us in accounting and payroll for the period of four months. We obtained work permits to our engineers with GEP support and managers to get the construction meeting deadlines. We had a positive experience with our support team.

John Camp, USA
Manager

We are a company that operates in a vehicle armoring business. We had several clients in Eastern Europe that did not want to ship their vehicles to our facilities in the USA. We decided to establish a foreign entity and get all the support from Global Expansion Plus. We managed to get our entities running very fast and we managed to transfer our equipment and mechanics to Eastern Europe to get the deals done.
Global Expansion Plus provided us with full 24/7 support, helping our people feel home and safe in a foreign country.

Doron Smith, USA
Executive Director

We started a 5 million investment project from a Saudi investor. We needed to have a full functioning IT team in Ukraine and Russia, so we approached Global Expansion Plus for the company set-up in these two countries. Then we proceeded with accounting and tax function outsourcing and payroll calculation.
I think what distinguishes them is that they always exceed our expectations and go the extra mile. Our project manager was very helpful and often predicted our questions making our experience as smooth as possible. If we go to any other country, we will use Global Expansion Plus, that is no doubt.

Hassan Hassan Nada, Saudi Arabia
Manager
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Testimonials

Some feedback from our clients that will help you to understand who we are:

We won a construction contract in Spain and approached Global Expansion Plus for support. We had only four months to complete the construction of the solar parks and submit the work to the authorities and the investor. Global Expansion Plus helped us with the purchase of an umbrella company that already had all construction licenses and permits.
They also supported us in accounting and payroll for the period of four months. We obtained work permits to our engineers with GEP support and managers to get the construction meeting deadlines.
We had a positive experience with our support team.

John Camp, USA
Manager

We are a company that operates in a vehicle armoring business. We had several clients in Eastern Europe that did not want to ship their vehicles to our facilities in the USA. We decided to establish a foreign entity and get all the support from Global Expansion Plus. We managed to get our entities running very fast and we managed to transfer our equipment and mechanics to Eastern Europe to get the deals done.
Global Expansion Plus provided us with full 24/7 support, helping our people feel home and safe in a foreign country.

Doron Smith, USA
Executive director

We started a 5 million investment project from a Saudi investor. We needed to have a full functioning IT team in Ukraine and Russia, so we approached Global Expansion Plus for the company set-up in these two countries. Then we proceeded with accounting and tax function outsourcing and payroll calculation.
I think what distinguishes them is that they always exceed our expectations and go the extra mile. Our project manager was very helpful and often predicted our questions making our experience as smooth as possible.
If we go to any other country, we will use Global Expansion Plus, that is no doubt.

Hassan Hassan Nada,
Saudi Arabia
Manager
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