Explore competitive advantages for your internationally active company through well-planned, cross-border international tax solutions that will positively impact your bottom line.
Expert Advice from International Tax Consultants
As if keeping up with domestic taxes wasn’t challenging enough, businesses that have international operations are subject to another level of tax complexities. Compliance with international tax rules requires extensive tax knowledge and only well-planned international tax strategies can deliver favorable results for your business.
Whether your business is domestic or foreign, or large or small, Sikich’s approach is to design an international tax strategy that will be tailor-made to meet the specific needs of your business, integrating both U.S. and foreign tax analysis. We’ll keep you current on international tax developments that are pertinent to your business, and will reach out to you in a timely manner if changes in foreign or U.S. international tax rules warrant revisions to your ongoing tax reporting and forward-looking strategies. From inbound and outbound tax planning to cross-border tax advisory and International Financial Reporting Standards, Sikich has the experience, expertise and solutions for your international tax needs.
International Tax Solutions and Strategies
Inbound Tax Planning
For foreign taxpayers who are investing in the U.S. market, Sikich’s international tax consultants will review the foreign ownership structure, the types of cross-border transactions, and the foreign owners’ investment goals. Our international tax advisors will:
Recommend the proper type of U.S. entity to fit the business goals;
Prepare the U.S. forms necessary to comply with U.S. tax reporting requirements;
Assist with the preparation of the transfer pricing documentation;
Ensure, when it is time to distribute dividends, that the distributions are made in a tax-efficient manner, taking advantage of the beneficial tax rates of applicable double tax treaties; and
When applicable, prepare inbound activities guidelines to minimize the risks of creating a taxable U.S. PE.
Outbound Tax Planning
For U.S. taxpayers who are expanding their business operations outside of the United States, Sikich’s international tax services team will evaluate their business model, existing financial position and goals going forward. Sikich’s tax advisors will provide the following services and solutions:
Optimize the usage of foreign tax credits to minimize or eliminate double taxation;
Advise on the U.S. tax consequences of conducting overseas business in a foreign currency;
Assist U.S. shareholders who invest in controlled foreign corporations (CFCs) in structuring cross-border transactions in a manner that reduces the impact of the anti-deferral rules designed to accelerate the U.S. recognition of income earned overseas by the CFCs;
Evaluate the availability and benefits of tax incentives such as Domestic Production Activity Deduction (DPAD) and an Interest-Charge Domestic International Sales Corporation (IC-DISC);
Determine the proper allocation of income and expenses in intercompany transactions with foreign affiliates pursuant to the transfer pricing rules and assist with the preparation of the transfer pricing documentation;
Utilize the tax treaty network among the U.S. and other foreign countries to minimize withholding tax rates on investment income and reduce the risks of creating taxable foreign permanent establishments (PEs); and
Prepare proper documentation necessary to report foreign activities, including Foreign Bank and Financial Accounts Reporting (FBAR).
Recommend the proper form of foreign entity to meet business and investment goals;
Design the most tax-advantageous forms of acquisition, disposition or reorganization of foreign operations from both the U.S. and foreign tax perspectives;
Recognized International Tax Services Experts
In order to bring you the most relevant information for your business, Sikich is affiliated with The Leading Edge Alliance and PrimeGlobal. The Leading Edge is the second largest international association in the world, creating a high-quality alliance of 200+ firms focused on accounting, financial, and business advisory services. PrimeGlobal is the fourth largest association of independent accounting firms in the world, providing a wide range of tools and resources to help member firms furnish superior accounting, auditing, and management services to clients around the globe.