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.
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.
The Tax Foundation released a study called the International Tax Competitiveness Index, in which our great nation ranked 32nd out of 34 countries in the Organization for Economic Cooperation and Development in relation to tax competitiveness. The study compared tax systems using over 40 variables in five categories: corporate taxes, consumption taxes, property taxes, individual taxes and international tax rules. The study claims that the US individual income tax system is poorly structured, confusing and has high rates.