Revenue from US, Aus, EU for new ltd company - where do I find accountants?
nelbows
Posts: 18
Forumite
Hello, and thanks in advance for any advice.
Partner and I have just set up a limited company, because he's going to start giving workshops.
He's already booked 5 sessions - 4 in USA, one in Germany - and others look likely in Australia, Canada, Hong Kong (yes, the carbon offsetting will be epic).
I've promised to sort out the accountancy/tax/bookkeeping side of things having used Xero etc before, but I am an amateur.
It's a very simple business in that we'll probably need to issue fewer than 20 invoices a year, process payroll for ourselves and some travel expenses; might not even need to register for VAT as most income will come from non-UK businesses.
But the international element is worrying me. I've done a bit of research and worked out for the US income that it's not taxable by US, but that we'll probably need to supply W8BENE with our invoices, and file forms 8833 and 1120-F.
So I think we need professional advice but am lost in a Google spiral.
Where should I look for small business accountant/bookkeepers who can nevertheless deal with revenue from US/UK/Australia/EU?
Thank you and do hope this isn't a stupid question!
Partner and I have just set up a limited company, because he's going to start giving workshops.
He's already booked 5 sessions - 4 in USA, one in Germany - and others look likely in Australia, Canada, Hong Kong (yes, the carbon offsetting will be epic).
I've promised to sort out the accountancy/tax/bookkeeping side of things having used Xero etc before, but I am an amateur.
It's a very simple business in that we'll probably need to issue fewer than 20 invoices a year, process payroll for ourselves and some travel expenses; might not even need to register for VAT as most income will come from non-UK businesses.
But the international element is worrying me. I've done a bit of research and worked out for the US income that it's not taxable by US, but that we'll probably need to supply W8BENE with our invoices, and file forms 8833 and 1120-F.
So I think we need professional advice but am lost in a Google spiral.
Where should I look for small business accountant/bookkeepers who can nevertheless deal with revenue from US/UK/Australia/EU?
Thank you and do hope this isn't a stupid question!
0
Comments
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You could do worse than phone a couple of local accountants, explain your situation, and ask if they either know anyone who does this, or ask what terms you should use in a search.Signature removed for peace of mind0
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Larger firms of accountants are usually best place for international trading aspects - they'll have offices in the other countries and more likely to have in-house specialists in the UK with the relevant experience.
You'll be very lucky to find a small local accountant with experience of lots of different foreign countries.0 -
Definitely need an accountant. I would get a recommendation locally as has been said. I would start with existing contacts, for example your own bank or a solicitor that you use. Also friends who have lived abroad or own property abroad.0
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Thanks so much for all your thoughts. Am talking to a few different accountants and sending in online forms, but so far only come across people who can do one country. Will try larger ones too (do you mean like PWC/EY?). On with the hunt!0
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(do you mean like PWC/EY?).
However, the remainder of the top 10 will have the international expertise you need, and certainly do still operate in the individual taxpayer market
- grant Thornton
- BDO
- RSM
- Smith Williamson (recommended)
- Moore
- Mazars
caveat - some of those will not have offices across the whole UK, but obviously all can easily deal remotely1
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