MKSH International Tax & Accounting Services

International enterprises face many challenges when expanding their business operations to the United States. MKS&H serves as a trusted business partner who collaborates with foreign-owned businesses to help navigate both US accounting standards (GAAP) and the complex US tax law. Our services start with teaming up with executives to establish a business presence in the United States.

How we help:

  • Registration with Federal, State and local governments
  • Establishing relationships with US banks
  • Establishing an accounting support function and report transactions under either foreign or US accounting standards
  • Hire employees and navigate US immigration laws
  • Preparing payroll, income, franchise, and export tax returns for business
  • Preparing individual US tax returns for key employees
  • Planning for the US and Global taxes for businesses and key employees

Services for Foreign-Owned US Start-ups:

MKS&H excels at expediting the complex aspects of structuring a business, including entity selection and formation.  We also guide you through selecting the most tax advantageous US state for organizing and operating your business.

 

Once organized, we help your new business establish payroll accounts with federal and state authorities while guiding you through the process of establishing a US bank account so that you can begin meeting your US payroll quickly.  Further, we help you navigate the independent contractor rules and determine the best approach for your business.

 

Additionally, we assist you in establishing a US accounting system that ensures compliance with strictly enforced US foreign information reporting and US income tax filings.  We take the time to get to know you and your business, acting as a trusted advisor and liaison for all of your business activities in the US.

Services for Global Parents of US subsidiaries

MKS&H has extensive experience working with US subsidiaries of global entities to meet their tax and accounting needs.  We help clients commence US operations by facilitating the establishment of business entities, accounting systems, and executive teams.

In addition to new US businesses, we also work with established US subsidiaries by providing top-tier taxes and audit services. MKS&H provides an out-sourced tax department to US subsidiaries of global entities by providing services that include: tax provision, preparation/review and consulting on corporate structures to avoid unnecessary income taxes or costly penalties. We also guide entities through navigating nexus to determine where your company has US state tax exposure.

We work with a variety of small to medium-sized companies with revenues up to several hundred million dollars in industries such as: manufacturing, distribution, technology, construction, transportation, food processing and professional services.

MKS&H serves as the out-sourced accounting department to US subsidiaries of global entities by:

 

  • Preparing tax provisions
  • Consulting on US entity structuring to avoid unnecessary income taxes or costly penalties.
  • Navigating US State nexus for your multiple state operations
  • Preparing FBAR and other US foreign tax filings and navigating through US voluntary disclosure programs
  • Providing outsourced bookkeeping and accounting services
  • Providing billing & collection services
  • Preparing US GAAP and IFRS financial statements
  • Consulting on internal controls

Already doing business in the US?

We can help maximize tax deductions and credits!

  • Foreign Tax Credit analysis and planning for unused FTC
  • Calculation of Earnings and Profits for one-time repatriation requirement
  • Research and Development Credits
  • State and Local Agricultural credits
  • Empowerment, enterprise zone property, and payroll tax credits
  • Sales and use tax credits
  • Accelerated depreciation
Have questions about the 2017 US tax law?  Click here to read our blog.

Services for Key executives and Owners:

The US tax system is extremely difficult to navigate, particularly if you are a resident of another country.  We help plan for and file US resident, Resident Alien and nonresident federal and state tax filings.

 

Our personal tax planning services enable you to minimize the US tax impact on your worldwide income, in part through analyzing tax treaties and accurately leveraging the various foreign tax credits available to you. We can help you protect your personal assets from US estate and gift taxes while also ensuring tax compliance for your foreign trusts.

Services for Foreign-Owned US Start-Ups

MKS&H excels at expediting the complex aspects of structuring a business, including entity selection and formation. We also guide entities through selecting the most tax advantageous US state for organizing and operating your business.

Once organized, we can help your new business establish payroll accounts with federal and state authorities and guide you through the process of establishing a US bank account so that you can begin meeting your US payroll quickly. We can also help you navigate the independent contractor rules and determine the best approach for your business.

We can help you establish a US accounting system that ensures compliance with strictly enforced US foreign information reporting and US income tax filings. We take the time to get to know you and your business, acting as a trusted advisor and liaison for all of your business activities in the US.