Accelerate growth by doing business in the US
Plans to start trading in the worlds’ largest consumer market? We’ll help you set up and scale while remaining compliant in the US and the UK.
Join the UKs fastest growing startups and SMEs
We support UK business owners
and residents who want to:
Move to the United States
And need clarity on their tax status and compliance requirements in either country.
Start a business
Open a new business or an office of an existing UK company in any US state.
Make more strategic growth decisions
Backed by expert tax and accounting strategies.
Experts on the ground and in the UK
With Chartered Accountants in the UK and Certified Public Accountants (CPA) in the US, we are uniquely positioned to support you on both sides of the globe.
Our teams work together to ensure your compliance obligations are met in both countries, and that you’re well positioned to grow your business to new heights, wherever you’re based.
Company Formation
Whether you’re opening a brand new business or a new office, we’ll help you navigate the best entity set up based on your tax position.
Accounting & Bookkeeping
Our Accountants work as an extension of your team to ensure that all financial transactions are accurately recorded and organised. Better insight into your finances means you can make better business decisions.
Annual Accounts, Annual Report & Corporation Tax Filing
To ensure both tax and regulatory compliance with the IRS and your stat-specific requirements, we’ll prepare your annual financial statements, Annual Report, Corporation Tax liability and submit in time for your deadline.
Sales Tax Return Filing
Like VAT in the UK, businesses must pay tax on the sale of goods and services and file a return with the relevant stat-specific authorities. Speak with our team about your specific thresholds and requirements.
Payroll
We handle payroll setup, salary calculations, deductions and tax compliance.
Audit Support
Personal and business tax advice
Bespoke tax planning for your individual and business circumstances to help reduce your tax burden and maximise business growth.
And more
Whatever your plans, we’re on hand to help you navigate your compliance obligations in both domains at every level so that you can focus on growing your business.
Why grow your business with Rise Accounting
Local knowledge, global presence
Work with local, Certified Public Accountants (CPA) in the US with experience in the local tax and accounting practices to ensure you receive the highest level of support whatever your circumstances.
Strategic, growth-focused accounting
Our UK team and US partners work seamlessly to ensure our clients are receiving a great service in both jurisdictions.
Flexible and scalable services
Whether you're just setting up or looking to take your business to the next level, our services can be delivered at a level that suits your growth stage. Chat to our team about what that looks like for you.
Don't take our word for it...
Frequently Asked Questions
What are the basics I need to start trading in the US?
To start trading in the US, you’ll need to choose a business structure (e.g., LLC, Corporation), register it with the appropriate state authority, and obtain an Employer Identification Number (EIN) from the IRS for tax purposes. You’ll also need to comply with state and local licenses or permits, set up a US bank account, and establish systems for sales tax collection if applicable.
What is the best business structure for my US office?
The best business structure for your US office depends on factors like liability protection, tax implications, and operational needs. An LLC (Limited Liability Company) offers flexibility with pass-through taxation and limited liability, while a C Corporation provides stronger growth potential and access to US investors but is subject to double taxation. Consulting with an accountant and legal advisor will help you choose the structure that aligns with your goals and minimises regulatory burdens.
How do I set up a US bank account?
To set up a US bank account, you’ll need to first register your business. Next, provide required documents such as your business registration certificate, operating agreement (for LLCs), articles of incorporation (for corporations), and proof of your identity. Most banks require an in-person visit to a branch by the business owner or an authorised representative, though some international banks may offer remote services for non-residents. Talk to our team about where to start.
What are my federal, state, and local tax obligations?
Your federal tax obligations include filing corporate income tax returns (e.g., Form 1120 for corporations) and paying payroll taxes like Social Security, Medicare, and federal unemployment taxes. State tax obligations vary by location and may include state income tax, sales tax, and unemployment insurance, depending on the state where your business operates. Local tax obligations can include city or county-level taxes such as business licenses, local income taxes, or property taxes, which are determined by your business’s physical location.
How does the UK-US tax treaty impact my business?
The UK-US tax treaty helps prevent double taxation by allowing businesses to claim tax credits or exemptions for income taxed in one country. It provides reduced withholding tax rates on certain income types, such as dividends, interest, and royalties, between the two countries. Additionally, it clarifies tax residency rules and ensures businesses only pay taxes where their profits are fairly attributable.
What are the major tax incentives or deductions available in the US?
Major tax incentives and deductions in the US include the Research and Development (R&D) Tax Credit, which rewards businesses for innovation and product development, and Section 179 deductions, allowing immediate expensing of qualifying equipment and software. Businesses can also deduct expenses such as employee benefits, advertising, rent, and utilities, as well as depreciation for larger assets. Additional incentives may include state-specific credits for job creation, renewable energy investments, or operating in designated economic development zones.
Will you manage my finances in both the UK and the US?
We’re able to manage your finances in the US, UK or both. We also have offices in Dubai if you’re looking to expand further.
How do I dissolve or restructure the US office if needed?
To dissolve a US office, you’ll need to file dissolution documents with the state of incorporation, settle any outstanding liabilities, and file final tax returns with federal, state, and local authorities. If restructuring, you may consider converting the entity type, merging with another entity, or transferring assets, which requires careful planning to minimise tax implications and comply with legal requirements. Consulting a tax advisor and legal expert ensures the process is compliant, cost-effective, and aligned with your business goals.
Unlock your potential with growth focused accounting
- Free Consultation
- Chartered Accountants
- Built for SMEs