Canadian Specialization
AF&R: SPECIALISTS IN U.S./CANADIAN BUSINESS

AF&R has over 25 years of experience helping Canadian companies negotiate the tax and financial planning hurdles they face in establishing a business presence in the U.S. Canadian companies considering business in the U.S. must be aware of various accounting factors which can have significant tax ramifications. These include: choice of business structure, tax rates, intercompany pricing, withholding taxes, state taxes, information reporting, and repatriation of profits to Canada.

Our experience in U.S./Canadian business finances enables us to provide expert advice and financial planning on U.S./Canadian cross border transactions. If you're a Canadian company interested in expanding to the U.S. market, our certified public accountants can help you.

WHAT YOU SHOULD KNOW ABOUT REPORTING TO THE IRS

Regulations require detailed record keeping and reporting by U.S. subsidiaries and branches of foreign corporations.

Reportable transactions include:

  • Sales and Purchases of Property
  • Rents and Royalties
  • Technical, Managerial, or Similar Services
  • Commissions
  • Amounts Loaned or Borrowed
  • Interest Paid or Received

Our certified public accountants can help you with every aspect of the financial planning process.

SHOULD YOU INCORPORATE?

Our professionals usually recommend that the U.S. businesses be incorporated for a variety of tax and non-tax reasons. However, we work closely with your Canadian tax advisors to ensure our recommendations make sense on both sides of the border.

The procedure for incorporating is relatively easy and typically performed by an attorney who will obtain the necessary charter from the appropriate state agency, provide the necessary bylaws, and conduct the organizational meetings of shareholders and directors.

INTERCOMPANY PRICING: AVOIDING THE PROBLEMS

In an effort to combat potential tax evasion, Congress has given the IRS broad authority to reallocate income and deductions between a Canadian company and a U.S. affiliate.

The rules affecting intercompany pricing are often complex and confusing.

AF&R can help you establish intercompany pricing policies that will survive any IRS scrutiny.

BRINGING HOME THE PROFITS

Repatriating the profits of the U.S. subsidiary requires planning and a thorough understanding of the tax laws in both countries. Working with your Canadian tax advisors, we can minimize the taxes in sending profits home.

Tax planning for cross-border transactions is very complex and requires the coordinated efforts of professional tax advisors on both sides of the border.

How can we help you?

Tax help, accounting, starting a new business, bookkeeping?

See our list of services

Come for a Consultation

Our office is located in the City of Plattsburgh. Call 518-561-7030 to setup an appointment or email us at info@afrcpa.com

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Canadian Specialization

Starting a business in the United States?

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