Expertise

Audit and Assurance

Statutory audit is a mainstay service of every professional accounting services firm. However, in today’s climate a single local perspective is often not enough, especially for organisations exploring opportunities to grow across borders. Praxity member firms have the experience and expertise to provide assurance to their clients, ensuring that annual audit and financial reporting requirements are compliant and fairly presented in every territory. 

Working together where necessary, Praxity members can manage the entire audit process, collaborating with other specialists across the globe.

Tax

The value of service delivery cannot be underestimated. Understanding local, let alone international tax challenges, is never easy. Maintaining profits while responding to regulatory changes and cross-border tax regimes is inherently complex. Praxity member firms can help. Drawing on the expertise of specialists in each key jurisdiction, members offer an holistic approach and can pull in any combination of personal, corporate, sales tax and transfer pricing professionals, as they are needed. 

Outsourcing 

The daily pressures that business management teams face are the same worldwide. Praxity Alliance members can help each other alleviate some of these stresses through the core specialist services they provide, meeting business accounting, tax, financial management and consulting needs. 

Outsourcing can be the perfect cost-effective solution if you’re looking to grow your business, without taking on new staff permanently. As well as removing the burden of compliance chores, Praxity members can also introduce greater efficiency, cost control and effective management. This leaves you and your business to focus on the important things.

Advisory 

Praxity member firms work with innovative companies around the world, helping them to grow. Specialists can support clients as they explore the available options, providing a full range of lead advisory or transactional services as projects progress. Whatever stage of development a business is in, advisors from firms across the Alliance can help it on itd path to success. 

Thanks to Praxity’s global reach, member firms and their clients can access expertise in almost any industry sector. They can start preliminary conversations, liaise with business counterparts and efficiently manage each step of the process.  

Of course, not every endeavour can be successful all the time. If business falters, Praxity firms are well placed to mitigate damage to commercial reputation and minimise interruptions to business. Even when the worst seems inevitable, businesses may be rescued and firms in the Alliance share many decades of experience in the field of corporate recovery and insolvency. They can present and clarify the available options, enabling their clients to best meet the needs of their stakeholders. 

It is not only businesses that face management and investment decisions - high net-worth individuals face increasingly complex challenges in estate planning and assets. Praxity members can assist with structuring income, finding fiduciary solutions that best meet financial objectives, ensures assets are kept secure and that trusts are managed in line with regulations. 

Private Companies & SMEs 

Owing to the market position and connectedness of Praxity Alliance members, they are well placed to help their small to mid-market clients. By offering insight from their own experience, as well as by sharing expertise with like-minded Alliance firms across the world, their deep expertise transcends international borders. 

 They can help with the distinctive challenges faced by SMEs across the globe – economic uncertainty, rising costs, difficulties accessing finance, keeping up with new technology and compliance, as examples. 

They can help calculate the true economic value of enterprises – whether its tangible and intangible assets or intellectual property. Sound and often highly specialist industry knowledge helps clients make their business more successful and valuable.