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Trading in the US

We are starting to expand into US markets from our UK company- what do we need to be aware of?

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The company I work for recruitment services has picked up some work in the US and we are having a push on that next year. We have informed our insurers, have a dollar bank account, and know about the W8-BEN form needed by US organisations.

The staff working on the work are on the UK payroll and we do not have any offices or staff out there.

Are there any bear traps we need to be aware of , particularly with taxation or other filing regulations in the US that we may need to comply with?

All comments very much appreciated, thank you in advance.

Replies (12)

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By Accountant A
12th Nov 2019 15:16

You need to be aware that valuable professional advice isn't available for free. I'm not sure what made you think it is.

I presume you charge for your recruitment services. Who told you tax and accounting advice was available at no cost?

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Replying to Accountant A:
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By worldtraveller55
14th Nov 2019 16:19

Is there really a need for you to be so unpleasant?
I am an ACA.
I am not expecting free technical advice- I am asking for pointers to areas that I may not have thought of.

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Replying to Accountant A:
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By worldtraveller55
14th Nov 2019 16:22

I have also reported you for inappropriate content.

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Lone Wolf
By Lone_Wolf
12th Nov 2019 15:25

You should be aware that they are currently being run by an utter moron, although you may already be aware of that.

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Replying to Lone_Wolf:
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By worldtraveller55
14th Nov 2019 16:41

Yes, it seems that some people cruise this forum in order to be disparaging, rather than to help.
I am sure AccountantA gets a lot of business that way- not!

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By paul.benny
12th Nov 2019 15:30

Mr/s Accountant A is always quick to call out people who want valuable professional advice for free. Sometimes, that's a little hasty; here, it's fully justified.

In the US, you may have to contend with Federal, State and City taxes. Unlike almost every other countries' tax systems, the US has global reach. And it's the only major country with sales tax rather than a form of VAT.

It's a wholly different environment. Now's a good time to be consulting someone with the right professional skills and experience - before you've committed and made the wrong decisions.

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Replying to paul.benny:
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By WhichTyler
12th Nov 2019 15:35

And I'd double check your thinking about staff: you may not have permanent US staff, but make sure you understand the procedures for sending UK staff out there

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Replying to WhichTyler:
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By worldtraveller55
14th Nov 2019 16:39

Thank you- will check that out.

Our staffing will be done from UK staff who will continue to be based in the UK- they will just visit for a week at a time at this stage, once every 2 months or so.

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Replying to paul.benny:
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By worldtraveller55
14th Nov 2019 16:29

I may be labouring under a misapprehension,but is the point of a forum like this if not to ask questions?
Are only trivial questions allowed?
Are you and Accountant A the Question police or something?
I

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By Red Leader
13th Nov 2019 10:28

My insurers specifically exclude USA. That might give you pause for thought. If not, "where angels fear to tread ...".

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Replying to Red Leader:
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By worldtraveller55
14th Nov 2019 16:31

Thanks, but I insure with Gallaghers and we have been quoted reasonable prices for £5m EL and PI insurance for the US.
I recommend them, if you are not having any luck

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Replying to worldtraveller55:
By Red Leader
14th Nov 2019 17:17

Well ok then. I hope that the land of the free works out for your business.

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