Cross-Border Accounting Services for Australia

Our cross-border accounting services are tailored for Australian businesses that operate on a global scale. This includes companies that export goods or services, e-commerce brands selling to international customers, businesses with overseas subsidiaries or parent companies, and startups with remote teams and expenses in multiple currencies. It is for any business facing the complexities of international financial management.

This service is required the moment your business activities cross Australia's borders. It becomes critical when you start dealing with foreign currency transactions, inter-company loans or services, international tax laws, and transfer pricing regulations. Proactive management is essential for mitigating risks and ensuring your global structure is both compliant and tax-efficient.

Cross-border accounting is a specialised service, and its pricing reflects the complexity involved. Costs are typically customised based on your specific international footprint:

• **Basic International Operations (e.g., 2-3 currencies):** Starting from AUD $1,500 – $4,000 per month.
• **Complex Structures (e.g., multiple subsidiaries, transfer pricing):** AUD $4,000 – $10,000+ per month.

Investing in expert cross-border accounting provides a significant ROI by preventing costly compliance errors and optimising your international tax position.

Managing international finances without expert guidance is fraught with risk. Key dangers for Australian businesses include:

• **Transfer Pricing Violations:** The ATO heavily scrutinises transactions between related international entities. Incorrect pricing can lead to significant tax adjustments and penalties.
• **Foreign Exchange (FX) Volatility:** Improperly managed currency fluctuations can erase profits and distort financial reporting.
• **International Financial Reporting Standards (IFRS) Compliance:** Failure to reconcile accounts under both Australian standards (AASB) and IFRS can lead to audit failures and issues with foreign partners.
• **Double Taxation:** Without proper structuring and use of tax treaties, your company could pay tax on the same income in multiple countries, severely impacting profitability.

Outsourcing your cross-border accounting to YourLegal gives you immediate access to a team of global finance experts. We have a deep understanding of Australian tax law, international treaties, and the complexities of multi-currency consolidation. This specialised knowledge is almost impossible and prohibitively expensive to build in-house. We provide the strategic advice to structure your international operations efficiently and handle the complex compliance, allowing you to expand globally with confidence. This service is a cornerstone of our comprehensive Virtual CFO offering.