The Foreign Account Tax Compliance Act (FATCA) and How Accelero Corporation Can Help

2026-08-19 03:41:22 Business

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Accelero Corporation, a prominent CPA Firm, offers a FATCA compliance solution that enables organizations to easily comply with key provisions of the Act. Accelero provides a complete package of accounting and finance services for all levels of corporations.

The Foreign Account Tax Compliance Act (FATCA), which comes into effect on July 1 2014, refers to provisions included in the Hiring Incentives to Restore Employment
Act signed into law on March 18, 2010. It adds a new section to the Internal Revenue Code intended at addressing perceived tax abuse by U.S. persons through the use of
offshore financial records.

As per new rules, foreign financial institutions (FFI?s) to provide the Internal Revenue Service (IRS) with information to use enhanced due diligence procedures to
recognize US persons who have invested in either non-US financial accounts or non-US entities. FATCA is proposed at reducing the levels of tax avoidance by U.S.
citizens and entities through FFIs.

The ability to support all key stakeholders, including operations, risk, technology, legal, and tax are critical to successfully complying with FATCA. To help you
prepare, Accelero formed a group of FATCA specialists in key markets. These professionals are acquainted with the particulars of tax law as well as local
jurisdictions, rules and regulations.

The FATCA specialists at Accelero are able to:

? Analyzing legal entity structures

? Conducting gap analyses to identify processes and systems to be updated

? Develop an implementation plan for the modifications required for FATCA compliance

? Develop action plans to implement changes

The FATCA rules contain many changes with the impact varying depending on the products or services and whether a company's activities are on shore or offshore. To plan
your transition, contact Accelero Corporation FATCA team today.

About Accelero Corporation

As an Accounting, Finance and Management Consulting firm, Accelero Corporation consists of management team of professionals in the fields of Corporate Taxation,
accounting, FATCA reporting and public accounting. At Accelero, the experts deliver the clients with timely and precise financial information and outlines which are
extremely important to strategic decision-making.

For more information, visit http://www.accelero-corp.com