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Chris Coxon

HI

I am in the process of setting up a new company in the US to sell my UK products.

I need to find a good CPA who can form a US company and take car of all accounting re annual filings, sales tax and payroll.

Preferably someone with experience with foreign owned US corps. The company will operate in Jacksonville Florida to start with so someone in that area would be best but experience,  ability and reasonable costs is no. 1 priority.

Any recommendations would be much appreciated.

Thanks Chris

mugtech

Good luck

GuestPoster2809

Selling UK products in Florida, USA, can have various tax implications for your business. Here are some essential tax considerations to keep in mind:


1. Sales Tax: In the USA, sales tax is levied at the state level, and Florida imposes a sales tax on most tangible personal property sales. As a seller, you will need to determine if your products are subject to Florida sales tax and at what rate. Sales tax rates can vary depending on the county and municipality where the sale occurs.


2. Nexus: Selling products in Florida may create a sales tax nexus for your UK-based business. Nexus is the connection or presence that allows a state to impose tax obligations on an out-of-state seller. Once you establish nexus in Florida, you'll likely be required to register with the state, collect and remit sales taxes, and comply with local tax laws.


3. Income Tax: Depending on the nature of your business operations, selling products in Florida could trigger certain income tax considerations. If your business has a physical presence in the USA, such as a warehouse or employees, it may create a taxable presence, which could result in potential corporate income tax obligations.


4. Import Duties and Customs: As a UK business exporting products to the USA, you'll need to consider import duties and customs regulations. These taxes and fees are assessed on goods entering the country and are typically paid by the importer of record, which may be you or your customers.


5. Double Taxation and Tax Treaties: The UK and the USA have a tax treaty to prevent double taxation. This treaty may offer certain tax benefits and provisions, such as reducing or eliminating withholding taxes on certain types of income.


6. Transfer Pricing: If your UK business has related parties in the USA, such as a subsidiary or affiliate, you should consider transfer pricing rules to ensure that the pricing of goods transferred between entities is done at arm's length and complies with IRS regulations.


7. VAT and Other UK Taxes: Selling products to the USA may have implications for your UK VAT obligations and other UK taxes. It's crucial to understand how your sales to the USA affect your overall UK tax position.


Navigating these tax considerations can be complex, and it's essential to seek professional advice from tax experts and advisors with experience in international taxation and cross-border business transactions. They can help you understand your tax obligations, comply with the relevant tax laws, and optimize your tax position while selling UK products in Florida, USA.

Bhavna

@simon_misiewicz Hello thank you for your input.


Are you a professional ?


I would suggest that members avoid from posting copy paste messages on the forum.


Thank you

Bhavna

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