International | Michigan International Tax Accountant

Expanding to the US: Top Legal Tips for a Successful Expansion

Posted by Teresa Gordon on July 29, 2021

Teresa Gordon

The U.S. legal landscape warrants a closer look beyond incorporation, immigration and contract needs. Review these important U.S. legal requirements during the planning stage of your U.S. expansion to avoid surprises or mistakes.

Expanding to the US: Important US Payroll Considerations

Posted by Teresa Gordon on July 22, 2021

There are many aspects involved in planning a successful U.S. expansion. One area that merits a priority focus is U.S. payroll and related human resource matters. Review these important U.S. payroll considerations before expanding to the U.S.

Expanding to the US: Take a Look at Key US Payroll Impacts

Posted by Teresa Gordon on July 15, 2021

Expanding to the U.S. is both exciting and daunting. Review these key U.S. payroll considerations and related human resource matters when preparing for your U.S. expansion.

New GST/HST Filing Requirements for E-Commerce in Canada

Posted by Sue Tuson on July 12, 2021

If you’re a foreign company selling goods or services online in Canada, review these new GST/HST filing requirements for e-commerce deals, expected to become law with a retroactive date of July 1, 2021.

Expanding to the US: Don’t Let Multi-State Taxation Surprise You

Posted by Teresa Gordon and Catherine Praet on July 8, 2021

For many business owners, expanding to the U.S. can be an overwhelming endeavor. If you are currently planning an expansion, it is important to consider how your organization will be affected by multi-state taxation.

Expanding to the US: Why You Need These Partners by Your Side

Posted by Teresa Gordon on July 1, 2021

With legal and tax requirements at every phase of U.S. expansion, it's important to have the right team of U.S. experts guiding you through the process. Learn which partners you need by your side and how they can help you successfully expand to the U.S.

Expanding to the US: Follow These 6 FAQs

Posted by Teresa Gordon on June 24, 2021

There are many items to consider when planning a U.S. expansion, including tax requirements, financial considerations, and other important guidelines. Here are some commonly asked questions and answers to help you get started.

U.S. is the Top Foreign Investment Destination Again!

Posted by Teresa Gordon on June 17, 2021

Global expansion into new markets is the key growth strategy for most companies around the world. Since the start of the pandemic, understanding the factors that influence where and how to invest in a foreign market has never been more critical.

International Impacts of President Biden’s Tax Proposals

Posted by Sue Tuson on June 3, 2021

On May 28, 2021, the U.S. Treasury released its Fiscal Year 2022 explanation of the various proposals included in President Biden’s “Made in America” tax plan, known as the Green Book.

Treasury Green Book Offers Look into Biden’s Tax Proposals

Posted by Sarah Russell on June 3, 2021

Right before the Memorial Day weekend, the U.S. Treasury released its Fiscal Year 2022 explanation of the various proposals included in President Biden’s “Made in America” tax plan.

Multinational Companies to Pay More Under Biden Tax Plan

Posted by Teresa Gordon on May 6, 2021

Review key details of the Made in America Tax Plan and learn how these proposed changes will impact U.S. multinational companies and U.S. subsidiaries of foreign corporations.

The New Mexican Regulation on Outsourcing has Arrived!

Posted by Carlos Calderon on April 26, 2021

After several months of analysis and negotiations, the Mexican government published a decree on April 23, 2021 impacting labor outsourcing activities. Learn about the main reform provisions and what this means for your business.

Remote or Office-Centric Workforce? Financial Considerations for Your U.S. Subsidiary

Posted by Teresa Gordon on April 20, 2021

When establishing a U.S. subsidiary, it's important to review the pros, cons, and costs of operating a remote or office-centric workforce.

Doing Business in Mexico: What to Expect this Year

Posted by Carlos Calderon on February 23, 2021

As the global pandemic presses on, Mexican businesses have been forced to adapt to the virtual culture and work from home environment. Here is a round-up of the most relevant impacts to doing business in Mexico for 2021.

Work From Home Rules in Mexico

Posted by Carlos Calderon on January 28, 2021

As more work from home positions emerge due to the pandemic, the Mexican government has enacted a labor reform to establish new fair work guidelines. The provisions apply to workers who carry out their activities 40% or more of the time at home.

Anti-Corruption Legislation and New FinCEN Reporting Requirements

Posted by Teresa Gordon on January 25, 2021

The Corporate Transparency Act (CTA) is an anti-corruption legislation that was passed on January 1, 2021 as part of the larger National Defense Authorization Act (NDAA). Learn about the CTA's new requirements for certain entities to report beneficial ownership interests to the U.S. government.

Are Foreign-Owned or Controlled Companies Eligible for a PPP 2.0 Loan?

Posted by Teresa Gordon on January 18, 2021

Foreign-owned or controlled businesses in the U.S. may be wondering if they will be able to receive an initial or second PPP loan this time around. Learn more about eligibility requirements for foreign-owned businesses.

U.S. Expansion: 7 Benefits of Cloud Accounting

Posted by Teresa Gordon on December 20, 2020

Now more than ever in today’s world of virtual and remote management of a US investment, cloud accounting tools serve foreign-owned companies well. Here are seven reasons why you should consider cloud accounting when starting a US subsidiary.

2021 Proposed Mexico Tax Reform Package

Posted by Carlos Calderon on October 27, 2020

Here are some of the proposed amendments of the 2021 Mexico tax reform package. If approved by October 31, these new laws will go into effect on January 1.

Expatriate Employees and Global Taxation

Posted by Eric Lin on September 9, 2020

As Chinese companies expand their businesses globally, expatriate employees’ individual income taxes become more critical for the employees themselves, and Chinese-owned foreign subsidiaries. Here are some important considerations under the Chinese IIT Rules.

Relief with International Tax Deductions

Posted by Sue Tuson on August 19, 2020

The Tax Cuts and Jobs Act (TCJA) of 2017 provided a benefit for corporations that export goods or services by creating a foreign-derived intangible income deduction (FDII), also referred to as a section 250 deduction.

9 FAQs About the USMCA

Posted by Carlos Calderon on August 3, 2020

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).

IRS Revises Cross-Border Activity During COVID-19

Posted by Teresa Gordon on May 5, 2020

The IRS has been busy, and this time, that is a good thing. Within the past couple weeks, they have released two Revenue Procedures (Rev. Proc.) and one frequently asked questions (FAQ) that explains how treatment of cross-border activities will change in light of the COVID-19 disruptions.

CARES Act Special Rules for Use of Retirement Funds

Posted by Julie Killian on March 30, 2020

The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.

International Investment Filing Date: BE-10

Posted by Sue Tuson on March 27, 2020

Every five years, the U.S. Department of Commerce Bureau of Economic Analysis (BEA) requires that people with certain investments abroad file a survey. The mandatory survey is based on investments held at the end of the 2019 fiscal year.

To “C” or not to “C”? That is the Question

Posted by Jim Biehl on March 17, 2020

Whether it is nobler in the mind to suffer the higher effective tax rates as a flow-through entity, while maintaining optimum future planning flexibility, or elect to convert your flow-through entity to be taxed as a C corporation, and by doing so realize the immediate and delicious 21% “permanent” C corporation tax rate?

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?

Early Progress on the International Front

Posted by Rob Dutkiewicz on February 4, 2020

The new decade got off with a big bang, with significant developments in trade policy. Though their substance and effect seem to be a point of debate, I believe that all three of these recent developments will be positive for the U.S. economy, in some way.

US Senate Approves the USMCA

Posted by Carlos Calderon on January 20, 2020

The United States, Mexico, Canada trade deal (aka. NAFTA 2.0), has finally been approved by the US Senate after 29 months of extensive negotiations. Republicans and Democrats came together to show support with 89 votes in favor of the new agreement.

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.

5 Considerations for Finding the Right CPA

Posted by Denise Asker on January 3, 2020

Whether you are handling business or personal finances, having a Certified Public Accountant (CPA) as your advocate is priceless. The right CPA can help you and your business move toward financial success and uncover areas of financial improvement.

Leadership From Around the Globe

Posted by Rob Dutkiewicz on December 2, 2019

A few weeks ago I traveled to Rome, along with my fellow shareholder Sue Tuson, to attend the PrimeGlobal World Conference. PrimeGlobal is one of the five largest associations of independent accounting firms in the world.

Considerations When Expanding Outside the U.S.

Posted by Sue Tuson on November 12, 2019

Establishing a subsidiary outside the U.S. presents tremendous opportunities and benefits. Succeeding in global markets requires significant time, energy and resources on the part of business owners and decision-makers.

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.

Considering Expanding to Mexico? Keep an Eye on Duties and Taxes!

Posted by Carlos Calderon on September 23, 2019

Taxes are a hot topic that should be discussed and planned early in an expansion decision due to the significant impacts on a business. In fact, the ideal time to consider taxes is the moment a cash flow projection is created and when the business structure and plan are outlined

US Tax Treaty Updates Japan and Spain

Posted by Sue Tuson on September 9, 2019

Long-awaited treaty protocols, signed in 2013, were finally ratified in July 2019. The protocol with Japan entered into force on August 30, 2019, provides amendments to the 2003 tax treaty. The protocol with Spain is due to enter into force on November 27, 2019, and provides for the amendments to the 1990 treaty.

US Reporting of Foreign Subsidiaries

Posted by Sue Tuson and Teresa Gordon on August 28, 2019

The IRS continues to increase scrutiny of the reporting requirements applicable to foreign persons and U.S. companies with foreign transactions. It is important to fully understand these U.S. obligations because failure to report...

Thinking of Expanding your Business Overseas?

Posted by Sue Tuson on July 18, 2019

Thinking of expanding your business overseas? The first question is usually, “What’s the best way to start? Should I set up an office immediately or use an independent contractor familiar with the country?”

The New Foreign Investment Law

Posted by Nina Wang on July 16, 2019

In response to international criticism about China’s openness to foreign businesses and an attempt to attract more foreign investors to expand their businesses to China, the National People’s Congress passed the Foreign Investment Law of the People’s Republic of China (Foreign Investment Law) on March 15 2019, which will come into force on January 1, 2020.

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