Areas of Practice
Asset & Wealth Management
We offer a number of Asset & Wealth Management services to our clients including but not limited to the following:
Business valuations
Financial Projections and forecasts
Advising on Debt and Financing
Advising and assisting with Mergers & Acquisitions
Retirement Planning
Transaction structuring and negotiations
Accounting software selection, implementation and support
Italian CPA firms realize the need for providing our clients with sustainable solutions that encompass all of our clients’ financial situation. We aim to manage our clients’ money and business plans in a way that secures their financial future. Our clients will benefit from objective analysis to assist in controlling costs, increasing efficiency and implementing new technologies and procedures that would aid them in adjusting to the ever changing markets and challenging competition.
Accounting services
These services include but are not limited to:
General ledger and financial statement preparation
Bookkeeping (Monthly, quarterly, or annual)
Accounting system setup and support
Payroll processing
Cash flow budgeting and forecasting
Personal financial statements
Employee benefit and profit-sharing plans
Corporate tax planning and return preparation
Litigation support
We can create financial reports that will allow you to optimize your business and save you valuable time. These reports are important tools that can drive your business financial decisions, in the planning and performance evaluation.
From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities.
Italian CPA Firms accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.
Fatca & “Esterovestizione - Special tax laws
American citizen living abroad MUST file a US TAX return and comply with new FATCA regulations.
Streamlined procedures and offshore voluntary disclosure are available to these citizens to comply properly.
In Italy there is a law currently enforced that is called “esterovestizione”
The practice to open a company in another country favoured by lower taxes.
The Italian tax law determines residency based either on the place of management or principal place of business.
Basically that means that a foreign company that is effectively managed from Italy is treated as an Italian company for Italian tax purposes hence has to file a tax return there on its worldwide income.
Taxpayers can rebut this presumption by providing evidence the foreign company is effectively managed outside of Italy and to win this assumption you need a Firm like our who will do a deep analysis on a one by one case.
Italian CPA Firms are adjourned with all FATCA new regulations.
The Foreign Account Tax Compliance Act—is a U.S Federal Law requiring Americans living in the United States and abroad to report on yearly basis, their non U.S financial accounts (and most importantly assets) to the Financial Crimes Enforcement Network (FINCEN) with non compliance leading to detrimental consequences including a potential loss of 30% of the value of specific payments and 100% of FATCA amounts not-withheld in addition to substantial penalties and interest. Furthermore, foreign banks are required to reveal Americans’ accounts that exceed $50,000.
The IRS requires the filing of Form 8938 with income tax returns.
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).
International Taxation
Trough a capillary professional network we can serve you anywhere, such as the Dubai International Taxation service and the Italian Taxation Service.
Business incubator
Italian CPA Firms offers a combination of processes as well as infrastructure and people to nurture new and small business, from the inception to the full development, helping them to overcome the vulnerabilities of the early stages of growth.
Expats Services
US citizens are required to file expatriate tax returns with the federal government regardless of the place where they reside. In many cases, the filing of tax returns is required even if taxes are not owed.
Italian CPA Firms helps US expats assisting them with US tax consulting and preparations as well as complying with Fatca regulations and obligations in Italy.
Thanks to our experience, we provide optimal tax advice and solutions fitted to the specific needs of each client, giving all the information needed to file US expatriate tax returns while living outside the country.
Tax Management
At Italian CPA Firms , we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
Real estate property, Accounting & Taxes
The goal of Italian CPA Firms is to help you reach your investment goal once you buy here a Real Estate property, Managing the accounting and financial statements in both languages following both countries accounting principles and tax law, hence filing all your taxes and be a liason for both Italian Dottore Commercialista who follow you in Italy.