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 Internal Revenue Service announced on March 13 that it plans to end its Offshore Voluntary Disclosure Program (OVDP) on Sept. 28, 2018. The OVDP allowed taxpayers to avoid prosecution by voluntarily disclosing untaxed money held overseas and paying a set penalty. The OVDP, which has been available since 2009, has experienced a significant decline in taxpayer participation as awareness of offshore tax and reporting requirements has increased.
Growth in the number of businesses in the US has been outpaced by many other economies around the world in the last year, reveals a new study by UHY, the international accounting and consultancy network.
The IRS has issued a directive to tax examiners in the Large Business and International Division (LB & I) that taxpayers may use ASC 730 Financial Statements that follow US Generally Accepted Accounting Principles (GAAP) as evidence of their qualified research expenses (QRE's) to reduce the burden of independent determination on both taxpayer and examiner.
The UHY global real estate guide has been developed to provide property investors with information on rules and regulations from over 70 countries featured in the guide, covering areas such as real estate regulations (e.g. deduction of expenses and interests), tax rates (e.g. VAT, wealth tax and inheritance tax) and also touches on some tax planning techniques.
Consumers in the US benefit from customs duty rates of nearly a third lower than the global average, saving them significant amounts of money, according to a new study by UHY, the international accounting and consultancy network.