General CRS & FATCA Compliance Consulting
We support, guide and advise TCSPs so they feel confident, achieve compliance, and spend less time and energy on AEOI requirements.
Introduction to CRS & FATCA Consulting
Navigating the complexities of CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) can be challenging, especially for Trust & Corporate Service Providers (TCSPs) and Family Offices.
Our CRS & FATCA compliance consulting services are designed to provide you with the clarity and expert guidance you need to make informed decisions and meet your reporting obligations with confidence.
Whether you’re dealing with complex classifications, need help understanding self-certification forms, or face unique reporting challenges, we’re here to support you. With our tailored consulting, you can simplify the process and ensure full compliance with international regulations.
Our CRS & FATCA Consulting Services
Our consulting services are designed to provide expert support for CRS and FATCA compliance, particularly for TCSPs and Family Offices facing complex or unique scenarios. We offer a range of tailored services to help you navigate these regulations with ease.
Self-Certification Forms
We assist in the completion and review of CRS and FATCA self-certification forms, ensuring that all required information is accurately gathered and compliant with international standards. Please note that if you have contracted with Reporting Services Limited for classifications, this service is provided free of charge.
Complex Classifications Consulting
Our team provides expert guidance for CRS and FATCA classifications, helping you accurately categorise entities under both frameworks. This service is especially beneficial for businesses dealing with complex ownership structures or cross-border entities.
Drafting Reports and Evidence Letters
For clients who are required to justify their classifications or reporting decisions to external financial institutions, such as banks, we offer custom report drafting. These reports or evidence letters can be presented as formal documentation to support your compliance efforts. We ensure these documents are audit-ready and defensible in the case of scrutiny.
By partnering with us, you receive detailed, actionable guidance, ensuring that your organisation remains compliant with all CRS and FATCA reporting requirements.
How We Can Help
We understand that CRS and FATCA reporting can be overwhelming, especially when faced with complex business situations. Our consulting services are designed to simplify this process, offering you:
Clarity and Guidance: We break down the regulations and provide clear, step-by-step advice on how to meet your CRS and FATCA obligations.
Classification Support: Whether you’re struggling with challenging classifications (what we class as “sticky”) or just want an expert second opinion, we’re here to guide you through the process.
Tailored Advice: Every business is different, so we offer customised consulting to address the specific challenges you face, whether it’s for ongoing compliance or unique, one-off scenarios.
Our goal is to provide you with the information and resources you need to feel confident in your CRS and FATCA reporting, freeing you from the stress of handling it alone.
Why Choose Our CRS & FATCA Consulting?
Choosing the right partner for your CRS and FATCA compliance needs is crucial. Here’s why clients choose us:
Proven Expertise:
With years of experience in CRS and FATCA compliance, we have a deep understanding of the nuances of international tax reporting regulations.
Comprehensive Documentation:
Our reports and letters are audit-ready, providing the evidence you need to justify your classifications and report to financial institutions.
Hands-on Experience:
Our team have 12+ years’ experience in financial institutions from banking to boutique TCSPs and larger corporations. We have experience in CRS and FATCA from the inception of both frameworks.
Industry Focus:
We specialise in serving TCSPs and Family Offices, ensuring our solutions are aligned with the unique needs of your industry.
Tailored Support:
We offer flexible services, whether you need ongoing consulting or assistance with specific, one-time reporting challenges.
Practical and Hands-On:
We pride ourselves on providing practical, hands-on consulting that helps businesses navigate the intricacies of CRS and FATCA with confidence.
Consulting Fees & How to Get Started
Our consulting services are priced at £300 per hour, offering flexible, high-quality support for your CRS and FATCA compliance needs. Whether you need a single consultation to address a specific issue or ongoing guidance for complex reporting, we’re here to help.
If you require extended support for your situation, we also offer CRS & FATCA compliance consulting for your business based on a day rate. Get in touch to discuss your needs if you require extended support.
We will support you in areas such as CRS & FATCA policy, procedures and processes, individual classification scenarios, reporting methods, self-certification forms and other reporting activities and documentation. Helping you step towards success in CRS & FATCA compliance and to be audit ready should a review arise.
“Very quick turnaround, Richard was immediately on hand to answer follow up questions and all responses set out in a clear and concise way. Thank you for all of your help!”
Affinity (Isle of Man) Limited
“The advice and guidance for our team was invaluable. Thank you Reporting Services. We would highly recommend.”
Isle of Man
“I just wanted to say thank you again for the training and documentation you provided. It’s (CRS & FATCA) not my area of specialism. Thank you again for being a soundboard for the ongoing situations”
Who Should Use This Service?
Our CRS & FATCA General Consulting services are specifically designed for Trust and Corporate Service Providers, as well as Family Offices who want to ensure their compliance with AEOI global reporting standards.
Whether you’re looking for some specific consulting on complex business situations, or are interested in longer term support, we’re committed to guiding your compliance with confidence and clarity.
Get Guidance & Peace of Mind
Contact us today to book your consulting hours or to discuss how we can support your compliance efforts.
Alternatively, you can contact us through email admin@reporting-services.co.uk referencing General Consulting Services to start a conversation about your needs.