I have heard conflicting recommendations with regard to changing our
The US HQ and investors use a fiscal year ending January.
I've heard a one recommendation to change the US tax year to March to line up with India since auditors will require a second audit on India if the tax years are different. However I have also heard that it is common to keep separate tax years and make US tax year consistent with HQ and sales Fiscal year.
Can folks give me their thoughts here. I have worked with multiple tax year ends for foreign entities and think a separate Indian audit sign off is going to be necessary regardless. What am I missing? Will internal back office work go up with financial