U.S. businesses conducting foreign activities and foreign businesses conducting U.S. activities require specialized accounting services to compute their taxable profits. Fortunately, we understand both the financial and legal rules of accounting for U.S. tax purposes. We are accustomed to analyzing non-U.S. GAAP financial statements, converting them into IRS prescribed formats and ascertaining the U.S. tax ramifications. Our working knowledge of accounting theory allows us to understand the transactions and capital structures of international businesses thereby allowing us to make key recommendations concerning profit repatriation, subpart F, branch profits taxes and other international tax planning matters.
Some of our specialized accounting services for cross-border businesses include:
- Income tax provision analysis (ASC 740, formerly FAS 109)
- Accounting for uncertain income taxes (FIN 48)
- U.S. multinationals with foreign subsidiaries (APB 23)
- IRC § 263A uniform capitalization rules (UNICAP)
- Financial statement consolidation for business combinations
- Accounting for foreign currency translational exchange gains and losses
- Pool accounting for foreign tax credits and earnings & profits
Call our Atlanta office at (770) 845-9289 to discuss your specific situation and we will identify and address all your international business and tax accounting needs.