When your business operates abroad, staying in compliance with local laws is critical to reducing risk. Whether you’re a small company engaging in cross-border e-commerce or a multinational with offices around the world, you need to comply with the laws of all your countries of operation. Your obligations may range from simply registering for VAT all the way to preparing and filing annual financial statements and corporate income tax returns.
Eager to protect their tax bases, most jurisdictions are cracking down on enforcement and increasing penalties for noncompliance. And powerful organizations like the OECD are targeting perceived multinational tax avoidance through programs like the Base Erosion and Profit Shifting (BEPS) project. In short, it’s more important than ever for businesses to meet their global compliance obligations so they avoid fines and reputational damage.
Understanding and tracking laws around the world.
Radius helps multinational organizations fulfill their recurring global compliance obligations. Our in-house Compliance Services team is made up of highly qualified accounting and tax professionals who manage client legal entities in over 50 countries.
We know what obligations you have to fulfill based on your activities and local laws. Just as critically, we keep track of any changes to local laws so you don’t have to.
Eliminating worries about time zones, language barriers and multiple service providers.
Radius Compliance Services team members are located strategically around the world and are centrally managed from one of our UK offices. We have the regulatory expertise, language skills and infrastructure to ensure you fulfill all your compliance obligations on time.
You won’t lose sleep making calls half a world away, and you won’t spend countless hours trying to understand complex and unfamiliar legislation. And since we can fulfill all your compliance needs in virtually any country, you no longer have to devote resources to identifying and managing multiple compliance providers.
Promoting accountability and transparency.
When you engage with Radius, we’ll assign a client compliance manager to your account to promote accountability and transparency. Using proven processes to log, monitor and manage compliance-related events, our managers make sure you understand and fulfill all your obligations in every country of operation.
Preparing and filing your returns and much more.
We don’t just provide advice and tell you what needs to be done and when — we also perform the services you need to actually complete your compliance requirements. Radius’ Compliance Services team:
- Prepares and files annual financial statements
- Prepares and files annual corporate income tax returns
- Completes corporate governance requirements related to annual general meetings, standard resolutions and more
- Calculates corporate income tax liabilities and payment due dates
- Manages external audits
- Provides assistance with accounting record reviews and reconciliations
Tracking and reporting with Global Compliance on OverseasConnect.
OverseasConnect is Radius’ secure, cloud-based software platform that enables your team and Radius to perform functions critical to running your global operations, such as processing payroll and posting documents and accounting reports. Its Global Compliance application collects all your obligations in one place, letting you know what needs to be done, when it needs to be done and who needs to do it.
To learn more about Radius' Compliance Services contact us. For information about OverseasConnect, including its Global Compliance application, request a demo.