SMEs Face Unique Cross-Border Compliance Hurdles

©iStock/Maximusnd

Unlike their larger counterparts, SMEs often lack dedicated tax departments or adequate resources to devote to compliance efforts. Many rely on a single financial professional or a small team to handle all aspects of their finances, including increasingly complex international tax obligations. 

The bottom line is that cross-border compliance complexity impacts SME's decision to enter new markets due to customs duty and import calculations, HS and tariff code classification, trade restrictions and shipping complexities, to name just a few of the challenges.

Learn more about how SMEs face unique cross-border compliance hurdles.

from The Global Small Business Blog https://ift.tt/kZtMx8l