International financial reporting standards…tax treaties…market trends…While these are only a few common challenges facing most companies doing business abroad, there are a myriad of other complex issues specific to each country, industry and transaction type.
While the largest companies are served by equally large professional services firms, today’s mid-tier businesses often find it challenging to get the right mix of services, professional advice and responsiveness. Assistance with cross-border financial reporting, tax planning and compliance, as well as consulting represent service needs that even small businesses seek to meet their business objectives.
To help today's global mid-tier companies address these issues and more, both UHY Advisors and UHY LLP, along with independent UHY International member firms operating in more than 75 countries, work together to meet the evolving demands for capabilities virtually anywhere in the world.
To inquire about our international capabilities and service offerings, please contact us.
The US levies one of the lowest property purchase taxes in the world on prime real estate, charging on average 0.6 percent, or $6,000, in tax on a property purchase of $1 million, reveals a new study by UHY, a leading international accounting and consultancy network.
This is far lower than the global average of 3.3 percent ($33,038) for properties worth $1 million.
UHY says that by keeping taxes in this price bracket low, governments can encourage labor market mobility of senior executives and valuable overseas investment from High Net Worth individuals, although they also risk losing out on an attractive source of revenue.
Businesses in the US are paying among the highest corporation taxes in the world at a rate well above the global average, reveals a new study by UHY, a leading international accounting and consultancy network.
According to UHY, the US’ corporation tax rate was 41.1 percent (combined federal and assumed state tax rate of 7.1 percent) on taxable profits of $1,000,000 for the financial year ending 2015*.
We welcome Premier Financial Services (Seychelles) Limited, our new member firm in Seychelles, to the global accountancy network UHY, extending our coverage within the African region.
We welcome El Sayed El Ayouty & Co, Certified Public Accountants, our new member firm in Bahrain, to the global accountancy network UHY, extending our coverage within the Middle East.
El Sayed El Ayouty & Co, formed in 1989, is based in Manama and with a team of 26, including two partners, the firm provides audit, accounting, management and legal consulting services to a portfolio of local and Gulf Cooperation Council (GCC) clients, primarily in the wholesale, manufacturing, real estate, contracting/trading and services sectors.
We welcome GUIÑAZU & ASOCIADOS SpA, our new member firm in Chile, to the global accountancy network UHY, extending our coverage within South America.
GUIÑAZU & ASOCIADOS SpA is based in Santiago and with a team of 32, including three partners, the firm provides audit, accounting, pay-roll, tax and management consulting services to a portfolio of local and international clients primarily in the manufacturing, service, education, engineering, construction and mining sectors.