Business tax planning
US taxpayers doing business in the UK
We provide advice to US taxpayers setting up a business in the UK, advising on all US and UK tax requirements. We work closely with UK accounting firms who provide the required UK advice. Our advice covers issues on structure to transfer pricing issues and exit issues .
Flow-through entities and off-shore structures
US taxpayers that operate a business in the UK are subject to double taxation and potential triple taxation. If the business in the UK is set up as a Limited company the US taxpayer pays: first, UK corporate tax; second, UK tax on the dividends or the salary received and lastly, US tax on the dividends and salary received.
We assist clients in organizing flow through entities and offshore structures that would avoid double taxation.
Our objective in using the US ‘check the box concept’ is to obtain a tax rate for US taxpayers that would be the same as if they were doing business in the US. The use of UK LLPs also has a major advantage in the structuring process.
Qualified Intermediary Services
The US Internal Revenue Service (IRS) has a program whereby financial institutions with non-US and US expatriate recipients of US sourced income can enroll to provide intermediary services to their clients.
US Tax Solutions provides pre-audit services, audits, and compliance advice to financial institutions that are Qualified Intermediaries. Our objective is to ensure that financial institutions that are Qualified Intermediaries keep compliance costs down.
US tax advice for UK businesses
Doing business in the US can be very rewarding; however, tax and regulatory compliance at the federal, state and local levels can make the opportunity seem like a nightmare.
US Tax Solutions offers tax advice and planning services that are designed to assist you to implement your business plan. Our services include structuring, entity evolution and exit strategy considerations. We tailor our response to meet your needs.
Tax equalization
Tax equalization is a benefit provided to executives, partners, associates and key employees sent abroad. The purpose is to minimize any tax disadvantage associated with an assignment outside the home country. Although the concept is straightforward, a poorly-executed equalization can lead to dissatisfaction among key personnel with resulting distraction from core business objectives.
US Tax Solutions can cover all aspects of the process—tax equalization policy development, tax equalization calculations, and reconciliation of notional tax with actual tax—at competitive rates. We can also review tax equalization of key employees to establish whether the equalization is in accordance with contractual agreements.
US Tax Solutions LLP offers an analysis of your tax situation to identify tax planning opportunities. We do not offer financial products to our clients; our role is to provide expert advice on how your tax situation may be improved.