Cross-border tax consulting services in demand
WTS World Tax Service opened its doors in Raubling 10 years agoRaubling, June 28, 2010 – A small Munich firm with offices in Raubling near Rosenheim has grown to become one of Germany’s largest tax consulting firms over the course of the last ten years. The internationally active tax consulting firm WTS World Tax Service is celebrating the 10-year anniversary of its Raubling offices this Thursday. SMEs in particular value the work of the Upper Bavarian WTS branch. Due to the proximity to Austria, not only local tax consulting services are in demand but also increasingly international tax expertise. Advice in these matters allows Bavarian companies, for instance, to benefit from Austrian tax breaks on research expenses.
“Raubling is an important location for WTS. The branch provides tax consulting, accounting and payroll accounting services. Upper Bavaria offers our clients particularly good conditions and an advantageous geographical location,” explains Fritz Esterer, CEO of WTS AG Steuerberatungsgesellschaft. “The economy in Upper Bavaria does not only benefit from a healthy combination of high tech and handicrafts; it is also one of the EU’s leading regions for research and development. Not to forget the tendency of the last few years of SMEs expanding their activities into international markets.”
Austria has become a popular location, particularly for international holding companies. For example, Austria allows companies to offset losses across borders. Our neighbors are also a giant step ahead with regard to research funding. This is an interesting tax matter for small and mid-sized firms with research departments as well. Depending on the economic use, a company can recognize up to 135 per cent of its research expenses for tax purposes. Alternatively, Austria grants a research premium of 8% at present.
From its Upper Bavarian location in Raubling, WTS is active both locally and internationally. The main point is that the tax consultant needs to be the more cosmopolitan the more international a client’s business transactions are. The WTS Alliance consulting network has tax experts in 92 countries, from Canada to South America, from Sweden to South Africa and from Russia to Australia.
WTS AG Steuerberatungsgesellschaft focuses on multinational corporations, SMEs and affluent private clients. The company’s services range from company taxation, VAT and income tax to energy and electricity tax, real estate matters and international tax law as well as transfer pricing and global expatriate services (GES) for financial and private clients. WTS is purely a tax consulting company without any audit activities. This is an advantage for clients as it allows WTS to avoid any conflict between auditing and consulting services.
WTS Wirtschaftstreuhand Steuerberatungsgesellschaft mbH is a separate firm in Raubling that provides accounting services, which can also be carried out on site if the client so wishes. The service portfolio includes the daily accounting of business transactions, payment transactions, the dunning process, HR services, payroll and travel expense accounting, the preparation of individual and consolidated financial statements and wide-ranging support services for the client’s accounting department.
Situated in the same premises, Fortesse Consulting GmbH, a financial investment of WTS, provides financial consulting services, in particular in the areas of accounting, risk management, compliance and restructuring as well as comprehensive support for foundations.
