Manpower & Recruitment: Case Study 1

Background

We began working with a company who supply specialist personnel in the oil and gas and renewables industry. The company had grown significantly through organic contract wins and was having some challenges in managing their tax affairs in overseas territories.

Our Approach

  • We worked with the company to put in place a process so that when tendering for overseas opportunities, their team knew to come to AAB for tax support so that overseas taxes could be built into the tender price
  • We support the company ensure that when a contract was secured, overseas tax compliance is then put in place from an early stage
  • We also reviewed the locations where personnel were currently being supplied and supported the company in putting in place the necessary tax compliance processes, using local partners overseas where necessary

The Benefits to the Client

  • Contracts are now properly priced, factoring in overseas tax and compliance costs – there are no more surprise tax liabilities that can erode expected profit margins
  • Ensuring compliance means that the company now avoids interest and penalty charges from tax compliance failures overseas
  • If there is a diligence undertaken on the business in the future for sale or investment, the Shareholders can be comfortable that overseas tax liabilities will not become an issue in the diligence checks

The Plus Factor in Action

  • We helped our client save money by supporting them increase their tender prices to factor in additional tax costs
  • We saved our client time by supplying their team with the necessary tax knowledge, allowing them to focus on securing the contract and placing the right personnel
  • We gave our client peace of mind as they know that they are tax compliant in overseas locations, and will not have surprise tax liabilities
  • We supported them now and in the future by helping them to be diligence ready from an overseas tax perspective, when the time comes

The plus factor in action

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