Introduction
Technological advancements have not only fueled global economic growth but also have essentially blurred the boundaries and associated restrictions between countries around the world. Today, conducting business globally is no longer exclusively limited to multinational corporations. Small- and medium-sized Enterprises (SMEs) with limited resources are increasingly expanding to international territories. However, unlike multinational companies, SMEs lack the infrastructure and capital to operate in foreign countries whilst ensuring legal compliance. Thus, SMEs can transfer administrative tasks associated with HR and tax compliance to Professional Employer Organizations (PEOs). PEOs act as an Employer of Record and are ultimately responsible for ensuring compliance and paying taxes of their clients. However, cross border businesses are often subjected to corporate tax risks, whereby transfer pricing risk poses the most significant threat. Global PEOs can help their clients deal with the challenges associated with transfer pricing compliance and so much more.