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What do I need to be aware of when trading in new markets?
Managing overseas trading arrangements efficiently is vital, especially for small and medium-sized businesses with international key customers, for whom cashflow is more vulnerable to pressure if payments are delayed or local tax considerations are overlooked. So, what can be done to reduce the risks associated with cross-border trading activity?
Rather than rushing into increased export activity by simply relying on advice provided by overseas customers, small and medium-sized UK businesses should conduct their own research to ensure they understand local tax laws and how they could influence cashflow and profit margins. Also advisable, is seeking specialist advice in respect of their overseas trading activity to support international growth and trading.
How can HLB help support my international growth?
Our internal capability enables us to offer a comprehensive range of international services, and this is made truly global through our membership of HLB International.
HLB International is a global network of independent advisory and accounting firms. Through the power of 38,732 professionals across 157 countries, we combine local expertise and global capabilities to serve client needs. Learn more at www.hlb.global
As the largest HLB member firm in the UK, we offer a comprehensive range of services – for both companies and individuals.
Many global companies and brands are setting up subsidiary operations in the UK. With offices in central London and at the UK’s major international business gateways of Heathrow, Gatwick, and Southampton, we are ideally placed to provide the close personal support that you need to establish successful operations in the UK and help support international growth and trading.
Contact Menzies International team
To speak to a partner or for more information about the services we offer please contact one of the Menzies LLP offices or complete the contact form below.