How we helped a UK company setup in the USA
Our client is a listed company in the UK. They recently raised several million pounds sterling to expand internationally. They asked us to help them set up their new online sales operation in the USA, which is their first entry into this key market.
How We Helped
- Hitting launch deadlines: We clarified exactly which taxes they needed to be compliant with from the launch date of their website. To do this, we assessed their US finance and compliance requirements both at a federal and state level.
- Ensuring tax compliance: In particular, we analysed the details of their logistics and web development. We ensured that their financial and legal setup was consistent with the reality of their day-to-day operations. This helps them reduce any tax exposures in their first US tax return.
- Support: We put together a support package of US experts to manage their finance and compliance going forward. We introduced them to a tax expert to create their transfer pricing and intercompany agreements. This will ensure that their US tax returns are robust and fully compliant. We also introduced them to a US CPA firm who can prepare all US tax returns for them efficiently and cost-effectively.
- Future-proofing: We asked them to explain the next stages of their US growth. We were able to highlight some finance and compliance implications of their plans. It is easy for website and logistics changes to create unexpected tax complications, so we helped them to avoid these pitfalls.