If you are curious about how UK companies use US affiliates to sell to the US market, we created this chart to help explain it:
As a firm that works exclusively with UK companies doing business in the US, we frequently encounter confusion among our clients regarding the proper accounting treatment of US sales taxes – both when collected and when remitted. Accounting for US sales tax differs...
For UK businesses expanding into the US, there’s an unexpected financial relic to contend with: the paper check (or, to use the British spelling, the “cheque”). While the UK has largely abandoned checks in favor of digital payments, they remain a common and sometimes...
When first entering the US market, many of our clients choose to engage a third-party logistics provider (or 3PL) to manage the fulfillment of customer orders. As a result, it is common for us to be involved in helping our clients to structure 3PL agreements that...
At Bouwen, the vast majority of our clients are UK companies operating in the US through subsidiaries. In this arrangement, it is very common for the UK parent to provide services to the US subsidiary (or its customers), and vice-versa. The IRS has over 200 pages of...
Transfer pricing refers to the way that related companies, such as a parent and its subsidiary, charge each other for goods, services, or IP provided to each other. Transfer pricing is especially important when the transactions cross international borders. When...
One of the many significant differences between UK VAT and US sales tax is that US sales tax is intended to be collected only from the final purchaser of a good or service. Because US sales tax cannot be reclaimed, the danger exists that the sales tax can become a...
Increasingly, global suppliers are expected by downstream customers to comply with legal and ethical standards designed to ensure that their supply chains protect human rights, labor conditions, environmental sustainability, and other critical factors. How should...
We are often asked by our clients whether a US limited liability company or corporation will insulate its officers, directors, or shareholders from liability for company obligations. The short answer is that, as in the UK, a US LLC or corporation generally offers such...
The United States is a heterogeneous country of diverse cultures, languages, and traditions. It is not surprising, therefore, that there are variations in business culture among regions. Although generalizations can be as misleading as they are informative, here are a...
Should your US employment agreement have a notice requirement? Employees in the UK are typically entitled to statutory and contractual notice prior to termination. Under Section 86 of the Employment Rights Act 1996, once an employee has been in employment for a month...