Morning All
We asked a client of ours for their "annual accounts" (we are not accountants or bookkeepers by the way) and they have supplied us their compnay and individual tax returns. When we went back and said we need their actual unaudited "annual accounts" they sent us a Quickbooks file that can only be opened in Quickbooks. Irrespective of what is in the Quickbooks file, it will not be a copy of the filed accounts. Are we asking for the wrong thing? Is there a different terminology? Surely a US LLC has to also prepare and file accounts with their tax returns? As always please excuse such a basic question.
Replies (11)
Please login or register to join the discussion.
I don't think that statutory accounts are required to be filed in the US so that is why they only have tax returns.
I would ask them to obtain from their CPA a certified copy of their latest set of accounts.
Which will get you nowhere.
US have no requirements to either prepare or file accounts. If you aren't on the New York stock exchange, forget it, you won't get anything.
or send a message to David Treitel. He often helps out on here
http://www.americantaxreturns.co.uk/
Perhaps it's the wording you are using? Perhaps using 'Financial Statements' might get you what you are after.
Having dealt with US subsidiary before:
In the US - the requirements to prepare accounts are noted below:
""
There is no requirement to prepare accounts in the US, and certainly no requirement to file them anywhere.
All we ever got was a Quickbooks TB and the IRS Tax return.