by Jerry | Aug 11, 2024 | Human Resources, Payroll
Our UK clients are accustomed to requirements that they contribute minimum amounts to their employees’ pensions. It therefore often comes as a surprise that in the US there is no legal requirement that employers contribute to an employee retirement plan. The only...
by Jerry | Apr 30, 2024 | Accounting, Tax
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...
by Jerry | Apr 15, 2024 | Accounting, Tax
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...
by Jerry | Mar 24, 2024 | Business Advice, Tax
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...
by Jerry | Oct 11, 2023 | Business Advice, Legal
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...
