Tax Studio's Strategy for International Companies with US-based Employees

Under the leadership of Jason Booth, CEO, Tax Studio stands out as a beacon in Boise, Idaho, for its specialized services in international tax advisory and compliance. With a dedicated team of 20 professionals spread across Boise, Australia, and San Francisco, the firm emerges as a global entity committed to catering to the unique needs of international companies, especially those from Australia making their mark in the U.S. market. 

• 20 employees 
• Boise, ID
• accounting firm

ICHRA highlights

• Helps clients avoid dealing with the US healthcare system
• Helps clients recruit and maintain US-based talent 
• Hands-off, frictionless approach

Tax Studio distinguishes itself through its deep understanding of international tax laws and its ability to provide comprehensive support beyond traditional tax services. This includes offering payroll among other wrap-around services specifically designed for businesses aiming to navigate and succeed in the complex U.S. market. Tax Studio's holistic approach and commitment to assisting companies with international operations make it an essential partner for those looking to expand globally while ensuring compliance and fostering growth in the U.S.

Tax Studio faced the challenge of providing comprehensive HR and healthcare benefits support to their international clients expanding into the U.S., a complex task given the intricacies of the U.S. healthcare system. They sought to partner with Take Command to offer tailored healthcare solutions, like ICHRA, that would simplify benefits management for these clients, ensuring compliance and enhancing employee satisfaction in the competitive U.S. market.

Bridging Complexities: The International Expansion Challenge

International companies eyeing the U.S. market confront not just regulatory complexities but also the daunting task of extending health benefits to their U.S.-based employees. This challenge is magnified by the intricate and often unfamiliar landscape of the U.S. healthcare system, starkly different from the healthcare frameworks in their home countries. 

Tax Studio, with a keen understanding of these obstacles, steps in to bridge the gap. They not only navigate tax compliance but also delve into the intricacies of HR support, focusing on the pivotal aspect of healthcare benefits. Their approach is tailored, recognizing the diverse needs of businesses at different stages of U.S. expansion—from startups planting their initial roots to established ventures looking to scale.

The partnership with Take Command further amplifies Tax Studio's capacity to offer bespoke healthcare solutions, particularly through innovative arrangements like ICHRA, which offer flexibility and scalability. This collaboration is pivotal, ensuring that international clients can provide competitive health benefits, a critical factor in attracting and retaining top talent in the U.S. market. Through comprehensive education and personalized support, Tax Studio and Take Command together enable these companies to not only comply with U.S. laws but also to thrive, making health benefits a cornerstone of their U.S. operations' success.

A Strategic Alliance: Take Command and Tax Studio

Facing the complex challenges of U.S. expansion, international companies found a powerful ally in Tax Studio's partnership with Take Command. This collaboration has been pivotal in delivering customized healthcare solutions, leveraging pre-tax dollars to benefit the first U.S.-based employees of these international ventures. Take Command's Individual Coverage Health Reimbursement Arrangement (ICHRA) stands out for its flexibility and straightforward approach.

ICHRA's introduction has shown its adaptability and effectiveness, meeting each business's distinct needs and playing a crucial role in recruiting and retaining employees. The competitive and comprehensive healthcare benefits not only meet but also exceed U.S. employee expectations, significantly boosting the appeal of these international companies as employers in the U.S. market and supporting their growth and success.

ICHRA is just easier. It’s way easier for our client base with few employees than to deal with underwriting.

Simplified Healthcare Education and Support

Take Command leads in educating international companies and their employees about navigating the U.S. healthcare system, with a focus on ICHRA and other healthcare options. Tax Studio supports this by ensuring clients and CPAs gain access to Take Command's comprehensive educational offerings, enabling informed healthcare decisions.

Empowering Employees with Knowledge and Tools

Through a blend of workshops, webinars, and personalized consultations, Take Command simplifies the complexities of the U.S. healthcare system for employees. This approach not only educates them about the benefits of ICHRA but also equips them with the tools to make the best healthcare choices for their individual needs. Tax Studio facilitates this process, ensuring that their clients' employees receive the support needed to navigate healthcare options effectively.

Personalized Assistance for Seamless Healthcare Navigation

Take Command's commitment extends beyond general education to provide employees with personalized assistance, helping them understand their healthcare benefits and how to utilize them effectively. This personalized support is crucial for those encountering the U.S. healthcare system for the first time. With Tax Studio's collaboration, Take Command ensures that both employers and employees are well-prepared to manage their healthcare benefits, leading to smoother transitions and more confident healthcare decisions.

Enhanced Outcomes Through Collaboration

Tax Studio's partnership with Take Command has significantly benefited their operations and client service offerings, particularly in managing healthcare benefits and facilitating U.S. market entry for international companies. This collaboration has streamlined healthcare management through the adoption of ICHRA, enabling Tax Studio to offer more flexible and personalized healthcare options to their clients. This simplicity in benefits management has allowed businesses to focus on core operations with the assurance of compliance and competitiveness in their benefits offerings.

The collaboration has also been pivotal in aiding client companies to scale effectively in the U.S. market. The scalable benefits packages have proven attractive to top talent, essential for successful expansion. Feedback from both employees and company leaders has underscored the value of this partnership, highlighting the enhanced quality and flexibility of healthcare benefits that often surpass expectations, leading to improved retention rates and stronger employer branding.

The evolving partnership between Tax Studio and Take Command has expanded beyond initial expectations, continually offering new insights and opportunities to enhance service impact. This has enabled Tax Studio to not just meet but exceed the needs of their international clients, supporting their successful navigation and growth in the competitive U.S. landscape.

About Tax Studio

Tax Studio is a forward-thinking CPA firm specializing in tax advisory and compliance services for international companies expanding into the U.S. market. With a dedicated team across Boise, Australia, and San Francisco, they provide comprehensive support, including payroll and HR services, tailored to the unique needs of businesses with international assets. Leveraging deep expertise in cross-border tax implications, Tax Studio ensures its clients not only comply with U.S. tax laws but also thrive in the competitive global marketplace.