PraxityGlobal Alliance

Shorts is proud to be a member of Praxity, a global alliance of >56 independent accounting and consulting firms that empower businesses for international success.

Providing our clients with seamless access to high-quality international advice.

Andy Irvine

What is the Praxity Global Alliance?

To enhance the support that we provide for those clients exploring overseas opportunities, Shorts are members of the Praxity Global Alliance, an alliance of independent accounting and consulting firms.

Being members of Praxity enables us to provide the best solutions for companies to achieve their goals through seamless collaboration within a global alliance of leading independent business advisers.

Put simply, Praxity firms’ clients enjoy unrivaled professional support to help them navigate complex business and tax affairs across multiple borders worldwide. All Praxity members are free to hand-pick expert advisers from over 850 offices in more than 110 countries, forming multi-disciplinary teams to meet every client’s need.

How Praxity helps Shorts’ clients

We regularly help our clients set up activities overseas
We help our clients set up activities overseas as they seek to expand into other markets or protect against risk. Setting up a subsidiary in Ireland is becoming quite common (particularly post Brexit) and through our Praxity Ireland contacts, we’ve been able to support the setup locally in Ireland, ensuring our clients have what they need to grow their business.

Relocating overseas in a tax-efficient way
A number of clients have taken the decision to relocate abroad, including New Zealand, the US, and France. Through our Praxity Alliance colleagues, we have been able to coordinate advice both overseas and locally in the UK, to ensure our clients’ move is tax-efficient and they are fully compliant.

Cross-border transactions
Working with Praxity colleagues in the US, Australia, Germany, Ireland (amongst others) we have been involved in many cross-border transactions, providing UK tax and finance due diligence, tax structuring and transaction support, with these, often being Private Equity backed deals.

Setting up in business in the UK
Through the Praxity Alliance, we have helped overseas businesses set up in the UK, through a branch, subsidiary, or standalone company, covering all aspects including structuring, VAT, employment and corporation tax, and accounting.

Our International Projects include

 

  • Acted as UK tax advisers to US Private Equity funded purchaser of a social media marketing SaaS business, advising on acquisition structure and performing UK tax due diligence
  • Performed UK Tax Due Diligence on a SaaS business valued at $500m
  • Lead the UK structuring and tax diligence on a UK group specialising in Building Management systems, on behalf of a US Private Equity funded buyer
  • Supported the merger of a large UK healthcare business with a US-listed company
  • Advised on the set up of a UK subsidiary for a consultancy business focussed on Governmental organisations
  • Organised the UK tax compliance aspects of a US business undertaking a large contract for the US Air Force in the UK
  • Provided UK tax advice on the reorganisation of the group structure and debt within a UK consumer-based company, owned by a high net worth US family
  • Advised an Australian high net worth individual relocating to the UK, dealing with UK income Taxes, Capital Gains Taxes and Inheritance Taxes

Working with other member firms

Moss Adams LLP, US

Since joining the Praxity Alliance in 2018. we have engaged with a number of other Praxity member firms from around the Globe – one of those being Moss Adams LLP.

Moss Adams is one of the 15 largest public accounting firms in the United States, providing accounting, tax and consulting services to public and private middle-market enterprises in many different industries.  They employ over 3,400 professionals across 33 locations and work with many of the world’s most innovative companies and leaders.

Roy Deaver, International Tax Partner at Moss Adams is a regular visitor to the UK. Having previously visited our offices, it was a pleasure to welcome him back in November 2021, when he commented as follows.

“Moss Adams have heritage of over 100 years and our core values align with those of Shorts, generating a very efficient synergy for our joint clients. We don’t hesitate to refer our clients to Shorts as we know they will be a safe pair of hands.”

Pictured Left to Right – Scott Burkinshaw, Roy Deaver, Howard Freeman and David Robinson.

Awards won by Praxity:

Praxity has won several awards for excellence in accounting and consulting

  • Thought Leadership Initiative of the Year in 2020
  • Accounting Association of the Year in 2019
  • Campaign of the year in 2018
  • Accounting Association of the Year in 2017, 2016, 2014, and was
  • Rising Star Association of the Year in 2013 – the first year the awards were given

 

Participant firms are handpicked

All Praxity independent global experts are successful, highly rated by peers, and share the same service ethos and international collaborative spirit. Senior-level expertise and local knowledge are critical. Every firm is assessed by the membership committee every three years to ensure they are maintaining high levels of service and performance.

 

Careful vetting has already been done

Thanks to Praxity, our clients can skip the troublesome process of searching for and appointing accounting firms in each international territory and firms have every confidence in their international Praxity colleagues. In many regions, there is more than one firm, giving even greater choice when pulling an international team together.

 

Through the Praxity Global Alliance, as a Shorts client, you can benefit from seamless collaboration with other best-in-class, independent firms from around the world.  Speak to one of our team today to learn more

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