Accounting Outsourcing

It’s often difficult and expensive to find experienced personnel who can handle complicated institutional reporting functions. We pride ourselves on offering these types of sophisticated accounting services to clients on an outsourced basis. Our team has many years of experience and offers the focus and attention that in-house teams with competing priorities often cannot. Our strength lies in the presence of our regional support facilitating our clients’ growing business. We focused on enduring business value and with the depth of regional support; we have the experience coordinating with other regional offices to tailor services focusing on the international dimension. 

 

Why Us

Most international accounting firms are networks of independent member firms. That includes the “Big 4” accounting firms of PWC, Deloitte, E&Y and KPMG. Moores Rowland in the Asia Pacific or MRAP is no different. Through our office in Singapore, HTJ.Tax is a member of MRAP – https://mooresrowland-asiapac.com/

Established in 1866 in England, the Moores Rowland brand is a well-known one in the Accounting world. Moores Rowland in the Asia Pacific has around 2000 professional staff in over 30 offices in 15 countries primarily in Asia, but through HTJ.Tax we have a presence in Europe and the Middle East as well. This is an important point as it indicates that unlike other US practices, we are not America centric. We think globally. Our team is multicultural, multilingual, accustomed to operating in different time zones (including US time zones) and accustomed to the cultural differences required to serve international clients.

Individual clients come to us with complex, multi-jurisdiction tax issues related to cross-border employment and investment opportunities. Similar to an interpreter or guide who helps travelers understand the language and customs of a particular country, we explain tax and accounting concepts and laws that are foreign to our clients.

More specifically, we prepare U.S. federal and state income tax returns for individuals and corporate entities. Our international tax consulting expertise includes analysis of tax treaties, sourcing of income, and reporting of foreign bank accounts, as well as foreign corporations, partnerships and trusts. As consultants, we help individual clients develop cost-effective strategies, propose solutions, and prepare individual tax projections. We also work closely with our clients’ attorneys and other advisors to provide comprehensive advice.

Lastly, we have significant experience assisting our clients with complicated, international tax issues.

We have significant experience assisting our clients with complicated, international tax issues. The following list represents some of the areas in which we have provided both planning and compliance services for our clients:

  • US shareholders of foreign corporations
  • US partners in foreign partnerships
  • US grantors and beneficiaries of foreign trusts
  • US shareholders of Passive Foreign Investment Companies (PFICS)
  • Reporting for Foreign Bank and Financial Accounts (FBARs)
  • Blocked income reporting for deferral of tax in currency restriction situations
  • Donations to foreign charities by US private foundations via expenditure responsibility grants
  • Income tax treaty analysis for various issues including determination of residency, re-sourcing of income to avoid double taxation, reduction or exemption of tax
  • Determination of residency for income tax purposes for foreign nationals including optimization of elections for first and last year of residency
  • Social Security tax implications to compensation of foreign nationals and US expatriates including application and analysis of Totalization agreements
  • Foreign tax credit optimization including analysis of paid versus accrued methods and maximizing foreign source income
  • Optimization for US expatriates including analysis of foreign tax credit versus foreign earned income exclusions
  • Reporting of foreign rental properties including proper depreciation methods and treatment of rental of principal residence
  • Reporting and planning for nonresidents with US investments or US effectively-connected income
  • State residency and domicile issues for foreign nationals and US expatriates
  • Reporting gifts and inheritances from nonresidents
  • Consulting to employers of international assignees relating to tax equalization policy development and application, tax planning for international assignments including coordination with tax advisors in local jurisdictions, compensation structuring, payroll reporting and employee education and tax return preparation
  • Determination of residency for US citizens in US possessions