Entering the U.S. market is an exciting opportunity for entrepreneurs around the world. Whether you’re setting up a new business in the U.S. or expanding an existing one, navigating the U.S. tax system can be complex. That’s where G&S Accountancy can help.
We specialize in helping foreign entrepreneurs and businesses establish operations in the U.S. while ensuring full tax compliance.
In this article, we’ll show how our CPA firm assists foreign entrepreneurs in understanding U.S. tax rul... moreEntering the U.S. market is an exciting opportunity for entrepreneurs around the world. Whether you’re setting up a new business in the U.S. or expanding an existing one, navigating the U.S. tax system can be complex. That’s where G&S Accountancy can help.
We specialize in helping foreign entrepreneurs and businesses establish operations in the U.S. while ensuring full tax compliance.
In this article, we’ll show how our CPA firm assists foreign entrepreneurs in understanding U.S. tax rules, setting up business entities, and staying compliant to thrive in the U.S. market.
Why U.S. Tax Compliance Matters for Foreign Entrepreneurs
The U.S. tax system can be confusing, especially for foreign investors. The IRS requires non-residents and foreign companies to file specific forms and pay taxes based on their U.S. activities. Failing to comply can lead to penalties, so knowing your tax obligations is critical.
At G&S Accountancy, we offer comprehensive services to ensure you stay fully compliant with U.S. tax laws, whether you’re starting or already running a business in the U.S.
How We Help You Set Up Your U.S. Business Entity
A key decision when starting is choosing the right business structure. Whether you form a limited liability company (LLC), C-corporation, or S-corporation, each type has unique tax benefits and implications.
Here’s how we guide you:
- Choosing the Right Entity: We assess your business goals and recommend the best structure that reduces your taxes and boosts your profits.
- State Registration: We manage all the paperwork needed to register your business with U.S. state agencies.
- Franchise Tax Compliance: States like California and Delaware require businesses to pay franchise taxes yearly. We ensure your business stays compliant and up to date.
U.S. Tax Compliance Services for Foreign Entrepreneurs
Once your business is established, ongoing tax compliance is crucial. Here’s how we help:
Federal Income Tax Filing
Every U.S. business must file federal tax returns. Depending on your setup, you may need to file forms like:
- Form 1120 for U.S. corporations.
- Form 1040-NR for non-residents with U.S. income.
- Form 1120-F for foreign companies operating in the U.S.
We ensure your taxes are filed correctly and on time to avoid penalties.
State Income Tax
Each U.S. state has its own income tax laws. Depending on your business location, you may need to file in multiple states. We help you determine where you need to pay taxes and handle state income tax filings.
Sales Tax Compliance
If you sell goods or services to U.S. customers, you must follow state sales tax rules, which vary by state. We help with:
- Sales tax registration.
- Sales tax collection and remittance.
- Filing sales tax returns in applicable states.
Payroll Taxes
If you hire U.S. employees, you must manage payroll taxes, including:
- Federal income tax withholding.
- Social Security and Medicare (FICA) contributions.
- Federal and state unemployment taxes.
We manage payroll tax calculations, withholdings, and payments, so you can focus on growing your team.
Maximizing Tax Treaties and Foreign Tax Credits
Worried about double taxation? The U.S. has tax treaties with many countries to help avoid being taxed twice on the same income. We assist you in applying these treaties to reduce your U.S. tax bill.
If your business pays taxes in your home country, we help you claim the Foreign Tax Credit on your U.S. returns, reducing the amount of U.S. taxes owed.
Withholding Tax & Transfer Pricing for Cross-Border Transactions
If your business makes payments to foreign individuals or entities (like dividends or royalties), you may need to withhold U.S. taxes. We guide you through withholding tax rules to stay compliant with the IRS.
We also help you comply with transfer pricing regulations for cross-border transactions between related companies, ensuring proper documentation to avoid penalties.
Managing Import Duties and Tariffs
If you import products to the U.S., understanding import duties and tariffs is key to managing costs. We guide you through U.S. customs regulations, ensuring compliance and correct duty payments.
At G&S Accountancy, we’re more than accountants. We’re your strategic partner, offering complete U.S. tax solutions for foreign entrepreneurs. We know the challenges of operating internationally and are dedicated to helping you succeed in the U.S.
From business setup to ongoing tax compliance, we’re here to support you every step of the way. Our mission is to let you focus on growing your business while we handle the numbers.
Ready to Get Started?
If you’re ready to set up or expand your business in the U.S., contact us today! G&S Accountancy is excited to help you achieve your business goals and simplify U.S. tax compliance.
