Schneider Downs’ SD Global team is pleased to present our first ever Essentials of Expanding Internationally seminar at the Boat House at Confluence Park on Tuesday, October 28, 2014, from 1:30 p.m. until 5:15 p.m. This seminar is designed to provide anyone considering growing a business outside of the U.S. information on key tax and accounting considerations, an understanding of the banking systems, and an overview on employee immigration and tax issues. Topics for this free, four-hour seminar include:
- The stages of international expansion from a tax and accounting perspective
- International governance and business integration considerations
- Immigration and taxation issues of employees working abroad
- Funding and payments for foreign operations
This course is designed for business owners, COOs and CFOs of middle-market and large companies. “Companies that are not prepared for the compliance costs associated with doing business abroad struggle to attain the desired return on investment,” Cynthia Hoffman, Schneider Downs international tax director said, “If your company has been considering expanding outside of the U.S., this seminar will provide you with the tools you need to plan effectively for the financial-related issues you will face.”
Session Topics and Speakers:
Stages of International Expansion - Tax and Accounting Considerations
Schneider Downs tax shareholder Mark Cobetto, CPA; Schneider Downs audit shareholder Mike Renzelman, CPA; and international tax director Cynthia Hoffman, CPA, JD will discuss the various stages of international expansion. Thi in-depth session will cover basic international tax principles, various tax and accounting and auditing requirements, liabilities for various foreign taxes, U.S. withholding and reporting requirements and the scrutiny of intercompany transactions.
International Governance and Business Integration Considerations
Schneider Downs internal audit and risk advisory services shareholder Jim Yard, CPA, CIA, CISA will discuss fundamental governance considerations for establishing adequate oversight of international operations, including practical business considerations and best practices for risk management and internal controls. Common issues, pitfalls and challenges to international accounting operations will be highlighted along with solutions to more effectively manage international business affairs.
Considerations of Employees Working Abroad
Immigration attorney Gus Shihab, Esq, LPA and international tax director Cynthia Hoffman CPA, JD will discuss various aspects of having U.S. citizens work abroad. Gus and Cynthia will help you determine a successful strategy for relocating employees outside of the U.S. They will focus special attention on U.S. employers assigning U.S.-based employees to work overseas, immigration and visa considerations and compensation questions such as payroll administration, taxes, incentives and allowances.
Huntington Bank's Tony Talbot, Vice president and associate director of Currency Risk Management and Andy Arduini, SVP & managing director of Structured Trade Finance will discuss how companies can facilitate trade and mitigate the risks of doing business overseas through the use of bank services. Their presentation will discuss benefits of conducting trade in foreign currencies and how to manage the related currency risk. Their presentation will also cover advantages of EX-IM Bank trade finance programs in driving sales while reducing payment risk. The presentation will conclude with a discussion of trade letter of credits, banker's acceptance and payment-related issues for companies conducting business abroad.
- Date: October 28, 2014
- Location: The Boathouse at Confluence Park, 679 West Spring Street, Columbus, OH 43215
- Time: 1:00 - 1:30 p.m. Registration; 1:30 - 5:15 p.m. Program; 5:15 p.m. Reception
- CPE Credits: 4
- Cost: Free
- RSVP: Register here, or contact Lindsay Brooks at (614) 586-7202.
Registrations are limited to four attendees per company due to space limitations.
- 1:00 - 1:30 p.m. Registration
- 1:30 - 1:35 p.m. Welcome
- 1:35 - 3:15 p.m. “Stages of International Expansion - Tax and Accounting Considerations” with Mark Cobetto, Mike Renzelman and Cynthia Hoffman
- 3:15 - 3:30 p.m. Break
- 3:30 - 4:00 p.m. “International Governance and Business Integration Considerations” with Jim Yard
- 4:00 - 4:30 p.m. “Considerations of Employees Working Abroad” with Cynthia Hoffman and Gus Shihab
- 4:30 - 5:00 p.m. “Foreign Exchange” with Tony Talbot and Andy Arduini
- 5:00 - 5:15 p.m. Question and Answers
- 5:15 p.m. Reception
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