Services
Services
In a market with increasingly fewer economic barriers, it is important to be in constant contact with specialized professionals who are in tune with world economic trends. In such a global market, it is vital to have qualified consultants certified in specific countries to help ensure proper international accounting, taxation and legal compliance, with security and excellence.
In order to deliver an exceptional level of high quality service, the consulting performed by Drummond Advisors presents a set of skills that differentiates us in the market, allowing greater efficiency, timeliness and promptness in service.
We mean to always work in partnership with our clients, ensuring their accounting, tax, legal and market needs are aligned to your goals, thus enabling sustainable financial decisions and successfully exits.
Drummond Advisors has a multidisciplinary team with experience and certifications to operate in the United States and Brazil. Our team has accountants, lawyers, managers and consultants with experience in international business. The qualifications of these professionals enables Drummond to have a broad and complete overview of the challenges involved in international transactions, including those relating to accounting standards (US GAAP vs. IFRS-International Standards), tax, legal and market analysis.
Consolidation
Of Legal Entities
Currency
conversions
Account
reconciliations
Projections &
cash flows
United States and Brazil
Our team of certified accountants in the United States and Brazil can assist your company with accounting, tax and financial reporting in both countries. Our team provides all the necessary internal information for better management of your business.
In addition to the monthly accounting packages, we also provide the following accounting services:
• Consolidation of Legal Entities
• Currency conversions
• Account reconciliations
• Projections and cash flows.
IFRS and US GAAP
Does your company subsidiaries need to report to the United States or countries working with international standards? Work with experts on US GAAP and IFRS (international) standards. Drummond has certified professionals in the United States and Brazil who speak your language.
Whether for internal purposes or requirements for financial institutions or investors, well written financial statements can open many doors. However, with the burden of the tasks of everyday life or the lack of expertise, it is common that some accounting departments are unable to prepare quality financial statements on time.
Drummond Advisors has highly qualified bilingual accountants to prepare financial statements according to Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards International.
Going public on a stock exchange or “Initial Public Offering” ( IPO), may represent the highest point of market recognition of a company. It is a level that few companies can get to and yet certainly only prepared companies remain at this stage.
In recent years, Drummond ‘s team participated actively in multiple IPOs in the United States in various stages of the process from the preparation of technical materials supporting financial statement positions to the creation of the Form S1 required for public filings; we have done it all and have for years.
Our experience is not just limited to public companies in the United States. In Brazil, our professionals have experience with large public companies companies on the Stock Exchange of São Paulo (Bovespa).
Currently, the global market requires high professional competence. Drummond’s expertise in interim services enables us to guide your company in the Brazilian and United States markets. Our professionals have experience in both countries, strong understanding of cultural differences and the ability to manage those differences through language, policies, and mentoring.
As financial controller of a Brazilian company in the United States, What would you do if a key member of his team to abandon its position without notice or succession planning? And if you also did not know the language or the culture of the employees of the subsidiary ?
Situations like this happen often in Brazil and the United States. With such high amounts at stake , it is important to always be protected to avoid possible mishaps like this.
The opening and consolidation of a company in foreign markets present considerable risks. The professionals at Drummond have international scope to act as directors and / or interim controller for a certain period, providing senior-level guidance at risk.
Our geographical presence allows us to train employees and employees of companies in Brazil and its subsidiaries in the United States, ensuring, thus, more effective transmission of ideas and the company’s business policies.
• Mapping of operations and identification of tax savings opportunities and/or optimizing the tax burden on business
• Tax Guidance on mergers, acquisitions, divestitures and other corporate restructurings
• Identification of the best form of shareholder remuneration
• Guideline on transfer pricing plan based on the different methods allowed by regulations
• Create Strategies in conjunction with the Treasury to reduce exposure case in countries with devaluation risk
• Identification of initiatives to defer the recognition of profit subsidiary of Brazil in the United States (Sub Part F income)
• Strategies for recovery and disposal of tax paid in Brazil that can be credits in the Unites States
• Implementation of tax benefits, such as tax credits
Related party transactions are always on the radar of regulatory agencies in Brazil and the United States. Due to lack of a transfer pricing study or no prioritization of the issue, some companies and citizens have suffered from the penalties imposed by the Internal Revenue Service in Brazil and the United States.
Is your company fit in with the current regulation of transfer pricing?
What are the possible punishments ?
How to prevent issues from arising?
International Tax Planning
International operations are always subject to tax regulations. Issues such as transfer pricing, distribution of profits and capital gains interconnect in a complicated way that requires the work of experts.
At Drummond Advisors, international tax planning is performed by a multidisciplinary team . Accountants and lawyers licensed in the United States and Brazil always work together in order to serve the client.
For many companies, the United States and Brazil represents two big opportunities : access to a huge consumer market and potential investors. In this context, it is essential that the move is well planned, offering the right corporate structure to attract investors and enable the new activity. Drummond advises foreign companies in this challenge to help ease the burden of such into a highly competitive environment.
The success of an international transaction is largely dependent on a well negotiated contract. Most of the time, companies in the United States do not accept having Brazilian law as applicable, which represents an enormous challenge for Brazilian companies.
The team at Drummond has licensed attorneys in the United States and Brazil, allowing the Brazilian client is well represented in the negotiation and closing of the contract. The experience of the team to identify and minimize the problems usually involved in these international agreements.
Visas and green card to the United States are increasingly desired by Brazilians. While there is the myth that it is extremely difficult to obtain, there are still several opportunities for Brazilians who want a permanent visa or green card . Having the correct advice and legitimate purposes by the individual , success is possible.
Usually the most sought after visas are L-1 (transfer executives and managers ), H1- B (skilled worker) and EB- 5 (investor). For citizens with dual citizenship (Italian, Spanish and German, for example), you can also apply for a visa E-2.
In Brazil is difficult to access credit and often the interest rates charged are exorbitant. Drummond Advisors, through its subsidiary Drummond Ventures, offers financing channels and leveraging of resources to be more competitive rates with financial groups consolidated on the international stage. With over 15 years of experience in national and international financial markets, our network of contacts with renowned financial institutions and investment funds, our team works with various stages of resource leveraging, either through loans or equity.
Yes, we can help with your business plans in the United States and Brazil. Our services include in indepth review of your specific market, opportunities for product monitization and assessment of internal infrastructure needs whether in the United States or Brazil.
We conduct research and feasibility studies to identify relevant information in a customized manner according to the specific needs of each client. Among the studies, it highlights industry research, business niches assessment, comparative analysis of regions, competitor analysis, determining the costs of implementation of new business, demand identification and customer profile.
Ventures Services is an affiliate of Drummond Advisors and responsible for M&A transactions, capital raising and Corporate Venture investments. We focus on crossborder investment transactions between Brazil and the US. Our offices are located in Silicon Valley, Boston, New York, Miami, São Paulo and Belo Horizonte. We conduct research and feasibility studies to identify relevant information in a customized manner according to the specific needs of each client. Among the studies, it highlights industry research, business niches assessment, comparative analysis of regions, competitor analysis, determining the costs of implementation of new business, demand identification and customer profile.
With strong involvement in the international market, and the expertise of a multidisciplinary team Drummond’s brand is featured and is evident in the major newspapers, magazines and news portals in Brazil.
To speak with Drummond’s press officers, send a e-mail to Maria Eduarda Schwab (mschwab@drummondadvisors.com)
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Drummond Advisors develops practical guides with strategic information to help companies and investors access to the US market. These publications, developed together with Softex (Association for Promotion of Brazilian Software Excellence) and Amcham (American Chamber of Commerce for Brazil), aim to contribute to strength business ties between Brazil and the United States. You can proceed with the free download!
*** No rendering of advice. The information contained herein is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, legal or financial advice from a professional accountant or lawyer as the case may be. Presentation of the information is not intended to create, and receipt does not constitute, an accountant-client or attorney-client relationship. Internet subscribers, users and online readers are advised not to act upon this information without seeking the service of a professional accountant or lawyer as the case may be. Any U.S. federal tax advice contained herein is not intended to be used for the purpose of avoiding penalties under federal tax law.
601 Brickell Key Drive, Suite 901
Miami, FL, 33131
Telephone: +1 (781) 770-0005
Fax: +1 (866) 550-6705
miami@drummondadvisors.com
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New York, NY, 10010
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Orlando, FL, 34786
Telephone: +1 (781) 770-0005
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Rua Barão do Triunfo, 612, conj. 1309
São Paulo SP 04602-001 BRA
Telefone: +55 (11) 3567-4161
saopaulo@drummondadvisors.com
840 Summer Street, Suite 206
Boston, MA 02127
Telephone: +1 (781) 770-0005
Fax: +1 (866) 550-6705
boston@drummondadvisors.com
Rua Benvinda de Carvalho, 239, conj. 303
Belo Horizonte, MG, 30330-180 BRA
Telephone: +55 (31) 2510-4440
belohorizonte@drummondadvisors.com
SAN FRANCISCO
201 Spear Street, Suite 1100
San Francisco, CA, 94105
Telephone: +1 (781) 770-0005
Fax: +1 (866) 550-6705
sanfrancisco@drummondadvisors.com