Monteck Carter are proud members of the XLNC network
Posted on 15 Sep 2022
We're pleased to announce Monteck Carter have been accepted as a member of an international network of advisors, XLNC.? This is hugely exciting for us as we are the only NZ member of this group which has 139 independent professional service firms worldwide. We have been working with overseas entities for 20 years, and as a firm with an international client base we are well equipped to provide our clients with all aspects of compliance, accounting, tax, and advisory services to ensure clients are set up to maximise the benefits and minimise any costly issues when operating in New Zealand (such as double taxation). Karen Tobeck, partner at Monteck Carter is the main contact person within the XLNC network and has a sizeable portfolio of international clients.? Her background and experience involve the following:
- Advising an entity operating in NZ on their tax obligations
- Setting up NZ entity/s for them to operate in
- Advising on and preparing NZ tax returns, GST, FBT, PAYE, Non-resident RWT.
- Running Payroll
- Working alongside overseas accountants to ensure we have accurate results for the overseas owners.
- Understanding and operating within Double tax agreements (Tax Treaties between NZ and other trading countries).
- Assisting to set up the correct Management Fee contracts, Directors Fees, Royalties etc to ensure costs are taken up correctly for overseas owners regarding transfer pricing and other cross border transactions, including the restrictions imposed by IRD on related-party debt.
- Preparing financial statements and tax position.
- Understanding the CFC (Controlled Foreign Company) regime.
Karen understands international trade and the high focus by IRD in this area who want to ensure NZ gets its fair share in taxes by global entities operating in NZ. She is well placed to navigate these rules and manage them effectively. If you have a business overseas and require these services or are looking to move operations into New Zealand please get in touch with Karen Tobeck who can assist you. By joining XLNC we have increased our international network capabilities and means we have someone in another country to refer to if any of our clients are moving into new countries.
