Simplify US Business Setup and Tax Compliance with G&S Accountancy
At G&S Accountancy, we specialize in helping foreign individuals and businesses establish operations in the U.S. while maintaining full compliance with tax laws.
In this article, we’ll outline how our CPA firm supports foreign entrepreneurs in navigating U.S. tax requirements, setting up business entities, and adhering to regulations—ensuring a successful entry into the U.S. market.
The U.S. tax system can be particularly chal... moreSimplify US Business Setup and Tax Compliance with G&S Accountancy
At G&S Accountancy, we specialize in helping foreign individuals and businesses establish operations in the U.S. while maintaining full compliance with tax laws.
In this article, we’ll outline how our CPA firm supports foreign entrepreneurs in navigating U.S. tax requirements, setting up business entities, and adhering to regulations—ensuring a successful entry into the U.S. market.
The U.S. tax system can be particularly challenging for foreign investors and entrepreneurs to navigate. Non-resident individuals and foreign corporations are required by the IRS to file specific forms and pay taxes based on their U.S. activities. Failing to meet these obligations can lead to significant penalties, making it essential to understand and comply with tax regulations.
At G&S Accountancy, we offer comprehensive services to ensure full compliance with U.S. tax laws, whether you’re launching a new venture or already operating in the U.S. market.
How We Help You Establish Your U.S. Business Entity
Choosing the right business structure is one of the most crucial decisions when setting up a U.S. business. Whether you opt for a limited liability company (LLC), C corporation, or S corporation, each entity type comes with distinct tax implications and advantages. Your choice will impact everything from tax rates to personal liability, making informed guidance essential.
At G&S Accountancy, our team is here to assist you with every step of the process:
Choosing the Right Entity: We evaluate your business goals and recommend the most suitable structure to minimize taxes and maximize profitability.
State Registration Filing: We manage all the necessary paperwork to register your business with the appropriate U.S. state agencies.
Franchise Tax Compliance: In states like California and Delaware, businesses are required to pay annual franchise taxes. We’ll help you stay compliant and ensure all payments and filings are handled accurately and on time.
U.S. Tax Compliance Support for Foreign Entrepreneurs
After your business is established, maintaining tax compliance becomes a continuous responsibility. Here’s how we assist you in managing the key aspects of U.S. tax regulations:
Federal Income Tax Filing
Every U.S. business must file federal income tax returns. Whether you’re operating as a U.S. corporation or a foreign entity with U.S. income, you’ll need to comply with IRS regulations:
Form 1120 for U.S. corporations.
Form 1040-NR for non-resident aliens with U.S. income.
Form 1120-F for foreign corporations conducting business in the U.S.
We ensure that all returns are filed accurately and on time, so you can avoid penalties and interest.
State Income Tax Compliance
Each U.S. state has its own unique income tax regulations. Depending on the scope of your operations, your business may be required to file state income tax returns in multiple states. We assist in identifying your tax obligations (commonly referred to as “nexus”) and ensure accurate and timely filing of all state income tax returns.
Sales Tax Compliance
If your business sells goods or services to U.S. customers, you must comply with state-specific sales tax laws, which can vary widely. We provide comprehensive support by:
Registering for Sales Tax: Ensuring your business is properly registered to collect sales tax in the necessary states.
Collecting and Remitting Sales Tax: Assisting with the collection of sales tax and ensuring it is remitted to the appropriate state authorities.
Filing Sales Tax Returns: Handling the timely filing of sales tax returns for each applicable state.
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