As an import or export business, you represent the heart of the economy in the communities served by MLCFS, and you are a primary focus of MLCFS's accounting practice. Our traditional accounting services are tailored to help you operate as efficiently as possible, at minimal cost and with minimal disruption to your business. The accounting support we provide is designed for the small and medium-sized businesses that find it cost effective to outsource many day-to-day accounting and business office responsibilities.
One of the first things you should do before officially setting up your import/export business is to find yourself a good Accountant having knowledge in international transactions. We know the international law or taxation and will help maximize your cash flow, limit your eventual worldwide tax exposure and protect you from double taxation. If your income is subject to the US taxation, we can take the proper tax credits to offset your income. We will also properly report your financial assets or foreign bank accounts to avoid severe IRS penalties.
Because we have such long-standing relationships with businesses like yours, and because we listen, we understand your needs and concerns. We will work with you to determine the complement of MLCFS services that will best meet your needs, and we focus on achieving the results desired in the most cost-effective manner. We use the insight we acquire to identify ways for you to increase revenues, decrease expenses, and improve controls. Whether you need us to help you better manage growth, improve efficiency, or plan for the transition of ownership or top management when you retire, MLCFS is prepared to respond with expert accounting and consulting assistance. If you turn to MLCFS, you can expect results, including:
- a clear identification of opportunities for you to reduce costs or increase revenues
- more effective and efficient business practices
- income tax planning strategies that minimize tax liability and fully address business structure and reasonable compensation issues
- a business succession plan that is carefully developed and evaluated long before business succession becomes an issue