US Legal, Tax, Accounting and Business Services for UK Companies
6 things UK employment agencies need to know when doing business in the US Bouwen currently represents over a half dozen UK based employment agencies, each of which is engaged in the recruitment and permanent placement of staff in niche US markets. The US market is attractive for our clients because of: (1) the size …
Continue reading “6 things UK employment agencies need to know when doing business in the US”
Company Directors in the US and the UK Although companies in both the United States and the United Kingdom have “directors,” the roles in each country are different and are subject to different regimes. First, the similarities. In both the US and the UK, the directors are appointed (and removed) by the shareholders. In addition, …
Is a UK company required to file Form 1099 in the US? UK companies often mistakenly believe that, because they are not US companies, they are not subject to US tax filing obligations. But UK companies doing business in the US often have the same, or similar, tax filing obligations of US domiciled business entities. …
Continue reading “Is a UK company required to file Form 1099 in the US?”
What is Form 1099? Form 1099 (known simply as a “1099”) is a report, filed annually with the IRS and provided to payees, of payments made to certain payees in the prior calendar year. (A few US states impose similar reporting requirements.) IRS computers match the payments reported by payors with the payments reported by …
How can a UK company obtain a US EIN? Many UK companies believe, wrongly, that only a US business entity can obtain a US employer identification number (also known as an “EIN” or “FEIN”). Although there are many good reasons to form a US business entity, the need for a US EIN isn’t one of …
Think twice before establishing a warehouse or 3PL in these US states In choosing a location for your warehouse or 3PL, there are many non-tax factors to consider. You’ll want to consider, in part, proximity to suppliers and customers, the available transportation infrastructure, and the location’s cost and value. Your warehouse or 3PL location shouldn’t …
Continue reading “Think twice before establishing a warehouse or 3PL in these US states”
Can that State Really Tax Us? Understanding P.L. 86-272 As UK companies, our clients are accustomed to the somewhat uniform legal structure found in a unitary, parliamentary monarchy. It’s no surprise, therefore, that our clients are often bewildered by the US’ federal system, in which each state (and often local governments) can largely decide for …
Continue reading “Can that State Really Tax Us? Understanding P.L. 86-272”
New Ownership Reporting Rules to Take Effect UK clients accustomed to Companies House reporting are often surprised to learn that, in the US, there is no database – public or otherwise – of the owners of US companies. In the US, the identity of corporate owners (or other persons with significant control) is considered a …
Continue reading “New Ownership Reporting Rules to Take Effect”