CPAs are licensed, certified professionals with specialized education and extensive training in tax law, regulations and preparation. But for companies operating in international food manufacturing and distribution, credentials alone aren’t enough.
From multiple legal entities to cross-border transactions to regulatory frameworks that vary by country, the right CPA must also understand the operational realities of running a business like yours.
Here’s what to look for when evaluating a CPA firm:
Experience with multi-entity structures and cross-border transactions. Food manufacturers and distributors that operate across borders may have parent companies, subsidiaries, joint ventures or distribution arms, each with its own compliance obligations.
Look for firms that have worked with multi-entity structures, and have experience managing intercompany transactions, transfer pricing documentation and the tax implications of perishable goods logistics. They should also know how to identify the tax credits your business may be missing out on.
Clear communication across complex, cross-border realities. Clear and proactive communication is critical.
You want a firm that translates complex international tax concepts into plain language, keeps you informed of regulatory changes that could affect your operations and provides advice tailored to the specific nature of your cross-border business model. They should be a true partner throughout the year, not just during tax season.
Responsive and available when global business doesn’t wait. International food businesses don’t run on a nine-to-five schedule. Deals close, audits arise and regulatory deadlines hit across time zones.
Evaluate a firm’s responsiveness and availability. Are they prompt in returning calls and emails? Do they schedule regular strategy sessions to keep pace with your evolving business?
A firm serving international clients should have clear timelines, defined points of contact and systems built for ongoing service.
Airtight security for sensitive, cross-border financial data. Food manufacturers and distributors operating internationally handle sensitive financial data across multiple entities and jurisdictions.
Your CPA firm must have robust security protocols in place. This includes secure document portals, strong encryption and clearly defined access controls.
A pricing structure that reflects the true scope of your operations. Get a clear picture of what a firm’s fees cover and what they don’t.
Does their pricing account for intercompany transaction review, foreign entity compliance or multi-jurisdiction planning? More importantly, does the firm want to build an ongoing advisory relationship that grows with your business?
Your food business deserves a CPA who’s done this before
Magone & Company brings hands-on experience in cash flow forecasting, working capital management, tax incentives, supply chain diversification strategies and more.
Learn how we can help your food manufacturing and distribution business navigate complexity and build for long-term growth.
This document is for informational purposes only and should not be considered tax or financial advice. Be sure to consult with a knowledgeable financial or legal advisor for guidance specific to your unique circumstances.