Changing tax regimes are often more challenging than any other business requirement – and in the U.S. this is magnified by state-level changes in corporation tax requirements. The U.S. tax system is structured on three levels: federal, state and local.

What’s more, the USA contains more than 10,000 fiscal jurisdictions, making the tax regime particularly complex.

The Internal Revenue Service is responsible for controlling taxes and enforcing tax rules, and the U.S. has double taxation treaties in more than 60 countries.

We’re experts in international taxation, as well as the local tax rules you’re required to comply across the USA. Let our tax team in the U.S. help make your life easier, using our purpose-built automation technology, so that you and your operations remain tax compliant.

• Tax compliance – covering multinational, federal, state, and municipal taxes
• Official Books and Annual Accounts
• Assistance with tax inspections and audits
• Tax reviews and claims

Keeping on top of the accounting specificities of each state can be challenging enough, but consolidating your multi-state, multicountry and multicurrency accounting can be a huge drain on your time, resources and budgets.

In the USA, the SEC (Securities & Exchange Commission) requires public companies to report under U.S. Generally Accepted Accounting Principles (US GAAP). Private companies have the choice of reporting in GAAP or using IFRS. While the U.S. is an exception to the global IFRS reign on accounting and reporting principles, the authorities responsible for US GAAP and IFRS have a convergence process to increase compatibility of the two standards.

We help global corporations and fund managers with all their corporate accounting requirements no matter where they’re based. Using our bespoke MySPV technology platform you can have full and real time access and control of your accounting data.

Our accounting experts in the USA can help manage:

• Accounting and bookkeeping
• Management accounting
• Statutory accounting
• Official Books and Annual Accounts
• Cash management (including payments)
• Reporting
• Consolidation of finanical statements
• Bank account tracking
• Treasury and cash flow forecasts

Audit assistance

The U.S. labour market is characterised by little regulation, high flexibility in hiring, low dismissal costs and little or no labour conflict. Social security is lower than in Europe and mainly supports federal pension and unemployment programmes. U.S. labour law contains both federal and state regulations and foreigners will need a visa to work, employ staff or invest in the region.

With a multitude of different labour and employment rules and regulations to navigate, U.S. payroll can be a minefield of tax codes, social security, employment laws, benefits and bonuses, all dictated at municipal, state, and federal levels.

Our experienced and knowledgeable U.S.-based payroll specialists will use our unique payroll technology platform to manage your payroll function. You’ll have access to automated processes, permissions control for reviews and approvals, and coherent, homogenised data that can be easily consolidated.