WTS opens a US Reporting Hub in Miami

WTS, a global full-service provider of tax, financial and deal advisory, has opened a new hub in Miami for the advisory and optimisation of tax processes. This new hub specialises in tax tool implementation, tax reporting and tax compliance support for subsidiaries of German companies operating in the USA.

"With the opening of the US Reporting Hub in Miami, we are delighted to have the opportunity to further expand our digital advisory portfolio in the USA. From now on, we can support our clients with US-based subsidiaries in an uncomplicated way and, most importantly, with a local presence. With this new hub, we are giving our rapidly-growing digital division a stronger international standing," reports Richard Roos, Partner of WTS Digital.

Katharina Kehler and Alexander Kehler, both managers at WTS Digital Düsseldorf and now employed by WTS in the USA, will take over the development and expansion of the hub from Miami. They will provide clients with the best possible support in the implementation and integration of tax-based IT solutions. At present, the technological advisory expertise is on the AMANA Tax Portal with the GTC module for IFRS tax reporting, OneSource Tax Provision and SAP. Another focus is on support in (IFRS) tax reporting and financial statements to better bridge the gap between complex country-by-country reporting limitations.

Likewise, the new global minimum tax (Pillar Two) is a major issue for the US hub. It is the first time for a tax to be introduced that will be calculated and assessed worldwide according to the same principles and similar rules. With the hub in the USA and in cooperation with the WTS Global network, WTS offers a unique international approach towards a global implementation of Pillar Two projects.

"The WTS Digital division bundles our holistic services for the digitisation of tax processes. With over 200 experts, we are now one of the leading providers on the German market and can look back on a strong growth and success rate. Miami is now the second foreign branch of WTS Digital besides our tax shared service centre in Cluj, which we established in order to provide stronger support to our clients abroad. Our aim is to establish WTS Digital Hubs in the world's most important economic centres in order to further strengthen our international presence," comments Florian Oehl, Head of the WTS Digital service line and Managing Partner of WTS Munich.