SPECIAL EDITION: What the HIRE Act Could Mean for Outsourcing in the CPA World!
On September 5th, Senator Moreno introduced the HIRE Act (Halting International Relocation of Employment Act)—a proposed bill that could impose a 25% excise tax on payments to foreign service providers when serving U.S. consumers. This could dramatically impact CPA firms that rely on outsourcing or offshoring.
In this special episode of Business Beyond Borders, host & expert Laurence Whittam unpacks the early-stage bill and brings insight from on what firms should be doing right now to assess risk and prepare.
In this episode, you will be able to:
• Understand the key provisions of the HIRE Act and its potential financial implications
• Identify which firms, contracts, and payment models could be affected
• Explore planning strategies around risk mitigation and contract flexibility
• Learn about nearshoring and hybrid models as potential alternatives
• Position your firm to advise clients who may also be impacted
Want to understand how this could affect your firm? Contact Laurence Whittam at lwhittam@csuiteimpact.com for a tailored risk assessment.
Listen now wherever you get your podcasts!
#BusinessBeyondBorders #HIREAct #OutsourcingStrategy #CPAInsights #GlobalWorkforce
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