Tax services | US corporate tax

Manage your US tax exposure

Whether your business is only beginning to sell to US customers or US customers represent the core of your business, anticipating and dealing knowledgeably with the US tax environment is critical to your bottom line. Our US corporate tax group can help. Don't be surprised by a US tax liability only to find out that, had you done things differently, your situation would have been less onerous.

US tax law is complex and sophisticated, and its interaction with the Canada-US Income Tax treaty makes it even more complex. Added to this is the potential burden of tax reporting in the 50 US states, most of which have their own tax laws that often differ from the federal tax law and each other. Our US corporate tax specialist group deals full-time with tax planning, compliance and advice for Canadian businesses. Our services include the following:

• determining when it is possible for you to stay out of the US tax net
• minimizing your state tax exposure
• determining when US tax filings are required or recommended
• preparing your US federal and state income tax returns
• structuring that suits your business
• evaluating the effect of sending employees to the United States or hiring employees in the United States
• repatriating profits from your US business
• financing your US business
• facilitating your purchase or sale of a US business
• keeping you informed about US tax incentives
• implementing tax loss utilization strategies

The US federal and state governments are looking for more tax revenue. The US tax authorities are constantly increasing their means of identifying foreign businesses with US activity. Be aware of the potential liabilities; understand your areas of tax risk. Proactively manage your exposure. Call Grant Thornton.