without building an entire international tax practice.
as the business tax practices of cpa firms across the united states look for ways to expand their opportunities, inbound tax services have become a lucrative niche. the complexity of u.s. corporate taxation for closely held foreign parents provides a ripe opportunity for experienced tax professionals to provide this valued service.
but firms don’t necessarily need an international tax practice to pursue global business opportunities. they simply need a focused strategy to attract companies with inbound tax compliance needs, and the relationships to support them.
here are three ways that firms can successfully build or expand a more globally aware tax practice, according to members of bkr international.