Why Shay CPA for Cross-Border Taxes
When you found a tech startup, you do so with the belief that the sky’s the limit. The issue, though, is that scaling your operations overseas exposes you to an entirely new set of tax liabilities.
Fortunately, that doesn’t have to be a daunting obstacle. With extensive expertise in cross-border taxes, our ShayCPA team can help you understand and comply with all relevant international tax regulations.
We help:
Foreign tech companies expanding into the U.S.
If you’re a startup founder considering commencing operations in the U.S., our team is available to consult with you. We can help you determine your U.S. federal tax filing requirements, along with the relevant tax regulations in any states in which you plan to operate. We’re also available for formation consulting services to help you determine the best entity type for your startup.Â
We’re a hands-on team, which means we handle all of the complicated paperwork, plus everything else necessary to make sure you’re compliant with the applicable tax requirements.Â
For example, we ensure you meet the relevant disclosure requirements. Any foreign shareholders with a stake of more than 25% in a U.S. corporation need to file Form 5472, for example. Additionally, if you have foreign bank accounts, you’re subject to the following disclosure requirements:
- Form 8938
- FinCEN 114
- Foreign Bank and Financial Accounts (FBAR) filings
If you don’t file any of these disclosures on an annual basis, you can get charged a $10,000 penalty. We’re here to help you avoid unexpected costs like this that could wreak havoc on your bottom line.Â
Beyond that, we’ll stay on top of deadlines to ensure you’re in compliance and we’ll represent you should you get audited.
U.S.-based companies expanding overseas
The tax filing requirements to which your startup will be subject depends entirely on the country or countries into which you plan to expand. Our team can consult with you to help you get an overview of any relevant regulations.
We then act as your middleman, ensuring you’re compliant with all of the applicable international tax registrations, filings, etc. In fact, we’ll handle all of the paperwork for you.
Just like foreign-owned companies operating in the U.S., branching out internationally subjects your startup to new disclosure requirements, including:
- Form 5471 to disclose foreign subsidiary/branch information
- Form 8938 to report your foreign financial assets
- Foreign Bank and Financial Accounts (FBAR) filings
Failure to comply with these disclosures on an annual basis can land your tech company with a $10,000 penalty. Our team can help you avoid that and other unwelcome costs by ensuring you stay continually in compliance.
What’s more, should you face a tax audit, we can represent you.
Founders & Finance Teams Rely on Us
Years of Experience
Founders Helped
Get Started
Case Study
StreetLib S.R.L
StreetLib, an Italian company that operates a distribution and sales platform for a variety of media types, expanded into the U.S. after success in Europe.
Before connecting with our team, the founder was confused about which U.S. tax filing requirements applied to StreetLib. He continually came across conflicting information.
Then he connected with our cross-border tax specialists. We guided StreetLib through the entire process of making sure they were in compliance with:
- IRS regulations for vendor payments
- Annual tax returns, including 1120, 1042-S, and 1099-NEC forms
- Disclosures regarding foreign shareholders
We also provided monthly bookkeeping and consulted on transfer pricing agreements. Additionally, we ensured that employees were properly paid (i.e., that StreetLib had payroll tax compliance).
Ultimately, we took the time to understand the unique needs and operations of StreetLib so we could provide tailored guidance and solutions.
Today, StreetLib operates globally and we continue to assist them with their cross-border taxes.
Cross-Border Tax Resources
Free Founder Guide
Expanding operations abroad is challenging. Don’t let there be any surprises when tax time rolls around.
Pricing for our cross-border taxes
To get started with our international tax services, we set up a consultation that comes with a $300 nonrefundable fee. That fee can then be applied to the total cost of your service. Moving forward, our cross-border tax services start at $200/hour.
We also offer a standalone annual tax compliance package.
Scaling into or from the U.S. doesn’t have to create a tax headache for your tech company. To engage our services and streamline your cross-border taxes, contact us.
Annual Pricing
Starting at
$2,500/year
$300 nonrefundable fee for the consultation
- Federal Corporate Income Tax Filing
- One State Tax Filing
- Electronic W9 Collection, W8 BEN, and W8 BEN-E Filing
- Form 5472/5471 Compliance
- FBAR – Fincen 114 and Form 8938 – Specified Foreign Asset Compliance
- 1099-NEC filings (10 Included)
Email and Phone Support
Our Process
1
Step 1: Contact Us
Get in touch and we’ll reach out to you to schedule a video call to better understand your tech startups needs and prepare a custom quote.
2
Step 2: Onboarding
We’ll invite you to our secure client portal where you can use our easy to use onboarding checklist to get started. See general pricing guide here.
3
Step 3: Review
We schedule ongoing video calls with you to review your financials and ensure all of your tax compliance is taken care off.