Does your UK company need to file a tax return in the US? Here are 4 reasons why you might. 1. You have US sourced income. If you have income that the IRS considers to be income from sources within the US, you need to file a US tax return.
UK companies doing business in the US – either directly or indirectly – may be asked by a client or customer to provide a completed W-9 or W-8BEN-E. What are these and why do they need to be completed? A W-9 is a form completed by US citizens or US
Our UK clients are accustomed to following specific legal requirements with respect to the invoices they issue to their customers. Thus, they are often surprised that, except for certain requirements relating to sales tax, what you put on an invoice in the US is largely dictated by custom rather than
Many of our clients assume that a US registered office functions just like a registered office in the UK. However, a US registered office serves a much more limited role in the US than in it does in the UK. Almost all US states require a company doing business in
UK companies selling goods to US customers often assume that no US tax obligations will result from their activities. Sometimes the assumption is correct; more often it is not. Here are the main US tax obligations of which UK exporters must be aware. Federal Income Tax. If you are selling
For at least some UK corporations, the UK corporation tax rate will soon increase. From April 2023, UK corporations with company profits over £250,000 will pay tax at the 25% rate, corporations with company profits under £50,000 will continue to pay tax at the 19% rate, and corporations with company
When a UK company does business in the US through a subsidiary, it is common for at least some of the gross revenue earned by the US entity to be transferred into the coffers of the UK parent. There are four basic mechanisms by which income generated in the US
I have had the pleasure of working with scores of UK companies doing business in the US. Here are seven – easily remedied – marketing mistakes that I have repeatedly encountered. 1. Posting prices inclusive of sales tax. In the UK, prices are posted inclusive of VAT. In the US,