Going Global: Understanding the Nuances of International Business Taxation
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Going Global: Understanding the Nuances of International Business Taxation
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Borders become blurred in our connected world and small businesses can easily find themselves with international tax obligations without realizing it. Our digital-first economy has dramatically increased international exposure through online sales platforms, payment processors, and remote workforce arrangements. In episode 10 of “2 CPAs & The Mic,” hosts Jeff Frable and Sara Mays are joined by fellow CCK partner Kaitlin Flinn to discuss how businesses can navigate international tax requirements including: foreign bank account reporting requirements (FBARs), tax treaty benefits, and compliance pitfalls. This insightful discussion provides practical guidance for identifying international tax obligations and working with qualified professionals to ensure compliance while avoiding substantial penalties.