Highlighting Achievements: WTS Tax Vietnam’s Client Success Stories
At WTS Tax Vietnam Co., Ltd., we thrive on case studies involving practical and tailored solutions. We consider our most important success stories to be those of our clients. As a fully licensed provider of accounting, chief accountant, and tax agent services in the United States, we proudly present a selection of case studies that showcase our approach to bespoke and pragmatic solutions in tax and legal consulting. These real-life examples demonstrate how we have assisted multinational companies, medium-sized businesses, and private customers in solving their problems and reaching their targets through our expertise, innovation, and global reach.
Success Story 1: Overcoming US Entry Barriers for ASEAN Food & Beverage Group
The challenge: One of the leading food and beverage groups in Southeast Asia wanted to establish their first US presence in California. The client needed help to navigate local tax rules, investment conditions, and compliance obligations but was unsure about US corporate income tax, rules on remittances across borders, and restrictions on employing foreign workers.
The solution: Leveraging its deep knowledge of US regulations and extensive experience making investments in the food and beverage industry, WTS Tax Vietnam’s Los Angeles team designed the client’s market entry plan. We conducted a demand study of the business and investment climate, recommended selection of the entity, and structured the operating model in a tax-efficient manner. Experts supported the client with licensing and registration, along with drafting accounting policies to comply with US GAAP and IRS requirements.
The results: In just four months, the client’s US entity was operational and compliant with all local and federal regulations. Our forward-thinking approach saved significant amounts on tax through intercompany transaction planning and by managing transfer pricing documentation rules. The client was highly satisfied with our attention to detail, responsiveness, and ability to foresee issues before they occurred.
Success Story 2: Restructuring Solution for Cross-Border Supply Chain Provider
Challenge: An overseas logistics group with headquarters in Germany was struggling with the complexity of managing its US subsidiary’s multi-state tax responsibilities, payroll, and compliance reporting. The company’s rapidly expanding activities had led to erratic accounting practices and the risk of penalties.
Solution: Serving as chief accountant as well as tax agent, WTS Tax Vietnam conducted an overhaul of the subsidiary’s accounting system and related reporting. We worked closely with our client and GRÜNKORN & PARTNER LAW CO., LTD. to set up streamlined processes that ensured consistency across all US states in which it operated. Our staff provided on-site supportive training for in-house accountants, developed monthly closing procedures, and added digital tools for paperless management with secure document sharing and real-time compliance monitoring.
Results: Within six months the subsidiary had 100% on-time tax filings and a 30% cut in administrative costs. Late payment charges were a thing of the past. Dashboards gave management real-time oversight of performance and compliance, and our preventative approach kept growth on a solid upward trajectory.
Success Story 3: Tax Structuring for Global Family Office
Challenge: An Australian private family office with investments in North America, Europe, and Asia required experienced and sophisticated advice on US tax planning and reporting. Specifically, the client (i) faced difficulties in achieving tax-efficient cross-border dividends and managing US real property holdings with respect to confidentiality and long-term asset preservation; and (ii) needed to structure several investment vehicles across multiple jurisdictions more efficiently.
Solution: WTS Tax Vietnam organized a team of US tax advisors and appointed international legal consultants from the WTS Global network. We conducted an integrated review of the client’s portfolio, structured investments to optimize opportunities resulting from available treaty-based tax relief, and reorganized the investment vehicles for efficiency. Our advisors also provided ongoing recommendations on FATCA compliance requirements and implemented bespoke secure digital reporting arrangements in line with the client’s confidentiality requirements.
Results: The family office optimized cross-border investment returns and effectively reduced annual US tax liabilities by 22 percent. Our bespoke solutions were carefully designed to ensure zero confidentiality breaches and to future-proof the client’s assets amidst a constantly evolving regulatory landscape.
Success Story 4: Assisting a Start-Up Tech Company in Rapid US Expansion
Challenge: Following its Series B round, WTS Tax Vietnam client, a fast-growing technology start-up from Vietnam, needed to rapidly expand their US operations to satisfy the expectations of a prominent investor. The company was faced with a complex maze of issues ranging from the employment of foreign professionals and state-by-state tax registrations to compliance with US payroll and employee benefit regulations.
Solution: Providing end-to-end corporate services, WTS Tax Vietnam assisted the start-up with tax and legal consulting, payroll and HR management, advice on foreign worker employment, and with the set-up of internal controls including onboarding processes. We also recommended a compliance roadmap covering multi-state registrations and employee incentive structures.
Results: Within nine months, the startup was able to double its US team and avoid compliance risks along the way that are inherent in any rapid business expansion. Our prompt advice and solutions helped the founders focus on business development knowing that their US operations are in safe hands.
Success Story 5: Curative Structuring for Multi-National Subjected to an IRS Audit
Challenge: A group manufacturing company with its headquarters in Europe and operating in California was notified of an impending IRS audit focused on transfer pricing and expense allocation. The group was concerned about double taxation and adverse impacts to its reputation.
Solution: In the role of tax agent and strategic adviser, WTS Tax Vietnam provided a rapid review of the client’s transfer pricing documentation and intercompany arrangements. We coordinated with the WTS Global team in Europe using a unified defense, prepared comprehensive documentation to support the client’s position, and took a front-line role in meetings with IRS auditors.
Results: The audit resulted in no penalties and no adjustments. Our client praised our technical skills, proactive communication, and peace of mind during a difficult time.
How WTS Tax Vietnam Stands Out
The case studies above reflect our core competencies: practical, solution-oriented, and bespoke advice; a relatively rare and highly regulated license to conduct accounting and tax agent services in the U.S.; and unparalleled network and access to global expertise as a member of WTS Global. A WTS Tax Vietnam relationship offers clients:
- bespoke solutions for complex US and cross-border tax and legal issues
- commitment of an experienced team of licensed professionals with extensive local and international backgrounds
- transparent, consultative, and relationship-based engagement focused on long-term success
- speed to response, dependability, and excellence
With a preventative, rather than curative approach, we assist clients with anticipating and adapting to changes in the legal landscape, preventing conflicts of interest, and building sustainable and compliant U.S. operations.
Contact WTS Tax Vietnam – Start Your Success
Regardless of whether you are a multinational company, growing start-up, private client, or foreign investor, WTS Tax Vietnam is prepared to provide concrete and personalised solutions. With WTS Tax Vietnam’s resources and expertise, our personnel are ready to meet your needs in both Vietnam and those you seek to fulfil beyond our borders.
If you have general questions regarding WTS Vietnam or our worldwide services, please feel free to contact us. We will get back to you at the earliest opportunity. Please contact us today to see how we can enhance your business with our concrete and personalised tax and legal solutions.
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| Address: | 2345 S La Cienega Blvd Ste 22 Los Angeles CA 90034 |
| Phone: | (738) 451-2196 |
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