- Being a member of an international group is a real competitive advantage when you’re seeking new clients.
- More and more clients are involved in international transactions and expect their accountant to have the necessary contacts and resources.
- It is the easiest and quickest way to get answers to foreign tax questions and other issues related to doing business in a particular foreign country.
- Opportunities arise for referral of work.
- The more progressive clients expect their accountant to be part of an international network of accountants.
The major challenges associated with an international network of accountants are:
- membership is usually difficult to obtain. The “rights” to larger cities are the most sought after and are taken up quickly.
- joining one of the well-known associations is often expensive and beyond the budgets of most firms.
