The Orange County Business Journal featured LSL CPAS international tax consultant Yana Weaver in a round table discussion of professionals discussing the implications of public U.S. based companies going global. Since domestic economic growth is linked with the global marketplace, some of Orange County’s top bankers, lawyers, and accountants detailed the benefits and difficulties of spreading into international markets.
Yana Weaver in OCBJ Roundtable Discussion
During the roundtable discussion, Yana Weaver was asked three key questions by the moderator. First, the moderator inquired in regards to the international marketplace, “What is the best success story you have seen and what have you learned from it?” Yana Weaver replied:
“One of our best success stories involves a client who wanted to expand internationally and increase the company’s market presence by selling more goods overseas. Our advice was to utilize an IC-DISC (Interest Charge-Domestic International Sales Corporation) that provides unique federal tax incentives for U.S. businesses with export income.
Small and mid-size manufacturers often fail to take advantage of IC-DISCs because they perceive setting up the entity and subsequent maintenance will be too complex or too costly. It might be true; however I have learned that when you sit down and do the calculations it often turns out the IC-DISC can amply reward the efforts and setup costs.”
A Tailored International Tax Approach
Yana Weaver’s answer reveals her emphasis on always making sure that the numbers match her recommendations to the clients. Rather than believing one size fits all, Yana Weaver treats each clients as an individual with specific needs and concerns. By tailoring her approach to the client, Yana Weaver provides international tax help that results in the key combination of compliance security and tax savings.
The second question Yana was asked by the moderator focused on the specificities of the Southern California economy. The Orange County Business Journal asked Yana Weaver, “From an international business perspective, what makes the Southern California market unique from other U.S. markets?”
“Southern California offers a unique combination of skilled work force, proximity to international ports, growing local economy and, of course, the best weather in the country. From the business perspective, foreign companies coming to Southern California have a better chance of attracting and retaining top talent from California universities. Business engaged in import-export activities are benefiting from being close to Long Beach and Los Angeles ports. Retailers and service providers are uniquely positioned in Southern California to cater to its affluent population.
Southern California has probably the most diverse population in the country, making it easier for people from other countries to assimilate and feel at home. Just in our office alone we speak ten languages. Coming from a foreign country myself, I appreciate an environment that embraces cultural diversity and respects and values the differences. While Southern California is still an appealing destination, the reality is that we are home to the highest tax rates in the country and we have difficulty competing with other states that are offering tax incentives for businesses that move there.
The mystique of living in Southern California will always be there, but California will eventually have to make some changes to be able to retain existing businesses and attract new ones.”
Southern California International Tax Help
If you need international tax help in Southern California, you want an international tax consultant with local experience and insight. From her answer, Yana Weaver shows why the international tax team at LSL CPAS is capable of providing that support.
The final question to Yana Weaver by the Orange County Business Journal moderator was about the unique needs of the international client and the challenges of the global marketplace. The OCB moderator asked, “What are the unique needs of an international client? What resources can you offer businesses in the global marketplace?” Given this is what she and the international tax team at LSL CPAS specializes in, Yana Weaver responded:
“LSL CPAs is a member of CPA Associates International, a global association of independent CPA and Chartered Accounting firms. Our organization includes 150 member firms in 64 countries throughout the world. This gives our clients direct access to business, tax and financial reporting expertise in every major market. Through CPA Associates International, we are able to offer clients the same global reach as a Big Four firm but with the personalized service that clients have become accustomed to and appreciate.
I constantly stay in touch with colleagues in different countries sharing our knowledge and expertise while helping mutual clients. Not only do I enjoy collaborating with my international peers, but it also what makes my job fun. With one phone call I can ensure that my clients are taken care of no matter where they do business.
I work with a number of professionals in Southern California that specialize in different aspects of international expansion, such as attorneys, bankers, financial advisors and business consultants. By creating a network of trusted advisors, I know that my clients are getting the best solutions that are tailored to their unique business needs.”
Yana Weaver Highlighted As International Tax Consultant
Upon hearing the precision and clarity of her answers, it is clear why the Orange County Business Journal chose Yana Weaver to be part of this roundtable discussion on public companies going global. As an international tax consultant, Yana Weaver understands how to help her clients optimize their tax savings while hurdling a bevy of compliance challenges. To learn more about how international tax expert Yana Weaver can help you, please contact the international tax consultants at LSL CPAS today.
