Expanding to the U.S. | Michigan International Tax Accountant

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9 FAQs About the USMCA

Posted by Carlos Calderon on August 3, 2020

Carlos Calderon

It has already been a month since one of the most competitive regions in the world, which together generated more than 25% of the world’s GDP in 2019, finally entered into the United States-Mexico-Canada Agreement (USMCA).

10 Recommendations for Mexican Subsidiaries during COVID-19

Posted by Carlos Calderon on May 28, 2020

Companies with Mexican subsidiaries may be wondering how best to proceed in light of COVID-19.

‘Plan B’ Considerations for Foreign-owned Companies in the U.S. to Withstand the Global Pandemic

Posted by Teresa Gordon on April 29, 2020

While the PPP application, approval, and funding process have been challenging for everyone, foreign-owned subsidiaries based in the U.S. with U.S. employees continue to face additional challenges that their domestic counterparts did not encounter.

Why Choose Michigan for Your Foreign Subsidiary?

Posted by Sue Tuson on March 10, 2020

When making the strategic decision to expand a business into the U.S. it’s important to carefully plan for the various challenges inherent in the process. Strategic issues such as supply chain development, vendor management, and production optimization.

Important Filing Requirement for Foreign-Owned U.S. Companies

Posted by Nina Wang on February 19, 2020

The last thing any business wants to receive is an audit notice from the Internal Revenue Service (IRS). Your first reaction will naturally be panic or fear. So, what protective measures can a business or business owner put in place?

Global Expansion: Investing in a Subsidiary

Posted by Sue Tuson on January 17, 2020

Businesses are consistently evaluating how to stay competitive. Global expansion may be the answer for a business to reach new markets, meet current customer needs, reduce costs, or find talent.

Doing Business in the US: Challenges and Experiences of European Companies

Posted by Teresa Gordon on October 31, 2019

European companies open branches in the United States for a host of reasons. For starters, the US gives these businesses a completely new base of customers; a chance to step out from the almost saturated European market and stand out from the crowd.

5 Considerations for Choosing an International CPA

Posted by Teresa Gordon on July 2, 2019

International businesses expanding into the US, whether a manufacturer, distribution company or professional service firm, face similar challenges. Operational issues such as supply chain, vendor management and process or production optimization require close attention, as do human resources, sales and marketing.

Foreign Direct Investment Thrives in the US

Posted by Teresa Gordon on July 16, 2018

The 2018 SelectUSA Investment Summit highlights the focus of our Foreign Direct Investment (FDI) practice well, and I want to share a re-cap of the interest and activity at a national level.

Mandatory Government Survey—Survey of US Persons Service and IP Transactions with Foreign Persons

Posted by Sue Tuson on May 15, 2018

The US Department of Commerce Bureau of Economic Analysis (BEA) has issued a mandatory survey of select services and intellectual property transactions with foreign persons.

Cross-Border Taxation Update

Posted by Sue Tuson on May 25, 2017

The IRS announced 13 audit campaigns last March. Included in the campaign is an effort to increase voluntary compliance for Form 1120-F Non-Filers. Form …

Clayton & McKervey shareholder helps establish new ‘Great Lakes Chapter’ of the United States-Mexico Chamber of Commerce

Posted by Clayton & McKervey on May 12, 2017

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announces that Timothy Finerty CPA, a shareholder at the firm, is a founding board member of the newest chapter of the United-States Mexico Chamber of Commerce (USMCOC), the Great Lakes Chapter, based in Detroit.

Clayton & McKervey Unveils New Mandarin Web Site

Posted by Clayton & McKervey on January 24, 2017

Clayton & McKervey, an international accounting and business advisory firm servicing growth-driven middle-market companies, introduced a new Mandarin web site on January 13, 2017. Created …

Clayton & McKervey Unveils New German Web Site

Posted by Clayton & McKervey on November 29, 2016

Clayton & McKervey, an international accounting and business advisory firm servicing growth-driven middle-market companies, introduced a new German web site on November 7. Created by …

U.S. Reporting Requirements for Foreign-Owned Subsidiaries

Posted by Teresa Gordon on November 2, 2016

Is your company a foreign-owned U.S. subsidiary or a foreign company doing business in the U.S.? Are you a foreign individual living and working …

5 Differences Between US GAAP and IFRS

Posted by Julie Killian on September 24, 2015

Even for non-public US companies, having a basic understanding of International Financial Reporting Standards (“IFRS”) is beneficial. The continued global adoption of …

Starting a U.S. subsidiary? Seven Reasons Why Cloud Accounting May Be for You

Posted by Teresa Gordon on February 11, 2015

For over thirty years, Clayton & McKervey, P.C. has helped foreign owned companies start up subsidiaries in the US by providing a …

The future of International Financial Reporting Standards in the United States

Posted by Julie Killian on September 16, 2014

The Securities and Exchange Commission says IFRS Adoption in the US is unlikely Based on recent discussions at the Securities and Exchange Commission (SEC), US …

Clients Continue to Explore Global Expansion Opportunities

Posted by Clayton & McKervey on May 6, 2013

Many of our clients are continuing to explore expansion opportunities, and often that expansion is leading them to other countries. The specific reasons vary, but …

US Subsidiaries of Foreign Owned Businesses May Qualify for the Research & Experimentation Tax Credit

Posted by Sue Tuson on March 7, 2012

The Credit for Increasing Research Activities, also known as the Research and Development (R&D) tax credit or the Research and Experimentation (R&E) tax credit, is …

Don’t Jump In Overseas Markets Without a Net

Posted by Clayton & McKervey on November 10, 2010

In his recent best-seller The World Is Flat, Thomas Friedman dissects how the lowering of trade and political barriers and the technical advances of the …

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