Inbound Services

“Inbound” refers to a non-U.S. organization with U.S. income and/or U.S. activities. Inbound transactions are not limited to items imported to the United States. As foreign organizations move goods, services and production to the U.S., a number of issues can arise, such as withholding taxes, transfer pricing, branch profits and interest taxes, earnings stripping, income tax treaties, financial reporting requirements, etc.

Our solutions include:

Financial Reporting

While there are limited legal requirements in the U.S. for a financial statement audit for privately held businesses, loan covenants and parent company reporting requirements often require a full audit—or some level of audit procedures—of the inbound company. Regardless of your level of financial reporting needs, BKD can tailor its services accordingly. Examples include:

  • Performing procedures specified by the parent company auditor
  • Preparing a reporting package for the parent company auditor
  • Providing U.S. GAAP audited financial statements
  • Providing IFRS audited financial statements
  • Performing midyear reviewed financial statements under U.S. GAAP or IFRS

Accounting Outsourcing

Each year, BKD helps thousands of large and small companies with their accounting. Examples of our outsourcing solutions include:

  • Financial statement preparation
  • Monthly & year-end closing assistance
  • Payroll & sales tax return preparation
  • Payroll & accounts payable processing
  • Accounts receivable processing
  • Account reconciliations
  • Temporary staffing
  • Accounting system design & training
  • Computing depreciation & amortization
  • Workers’ compensation insurance audits
  • Census Bureau & BEA reporting
  • Sales tax preparation
  • Personal property tax preparation

Tax Compliance

In addition to preparing thousands of tax returns annually for all types of businesses and trusts, BKD’s tax advisors routinely monitor legislative activity for changes that could affect you. We can provide strategies and recommendations within the law to help you build your net worth and reduce your tax burden. Our compliance services include:

  • Annual return filings
  • Quarterly estimate computations
  • Franchise returns & annual reports
  • Sales & use tax returns
  • Payroll tax returns
  • IRS representation
  • Property tax returns
  • Financial statement tax provision
  • Withholding tax documentation & reporting

Tax Planning

BKD can advise you on the structure of your international investments, whether it’s choosing a legal form, using leverage, structuring to reduce U.S. state and local income or franchise taxes, reducing withholding taxes, proactively using transfer pricing or using hybrid check-the-box entities. Some of our service offerings include:

  • Structuring support
  • Treaty analysis
  • Interest stripping analysis
  • Repatriation of earnings
  • Research & development credit studies
  • Supply chain management
  • Domestic International Sales Corporation (DISC)
  • Acquisition, disposition & reorganization planning
  • Tax due diligence for international investments
  • Selection of beneficial accounting methods
  • Sales & use tax studies
  • State income & sales tax nexus studies
  • Credit & incentives services

Incentives

Many inbound clients obtain incentives from state and local governments to locate their operations in a particular state. The incentives can take various forms, including tax credits, property tax abatements and training grants. BKD can help you identify and negotiate these incentive opportunities when evaluating locations for your business.

Transfer Pricing

Whether your intercompany pricing issues involve the sale of goods, provision of services, transfer of intangible property or cross-border financing, BKD’s experienced transfer pricing professionals can provide a full range of services. Our tailored transfer pricing solutions include:

  • Planning
  • Documentation
  • Dispute resolution
  • Advance pricing agreements
  • Risk & opportunity assessments
  • Intellectual property valuation
  • Comparables benchmarking studies
  • Base Erosion and Profit Shifting (BEPS) readiness review

Global Mobility Services

If you have employees working outside the U.S., you’re likely looking to reduce costs while treating employees fairly and helping them meet their tax compliance responsibilities. BKD has the experience to assist you with many of the compliance issues you face, including:

  • Social Security
  • Tax planning
  • Tax compliance
  • Withholding tax implications

RECAP:  Praxity Firms Meet in Beijing to Discuss Chinese Investment into North America

Rob Wagner, managing partner of BKD’s International Tax Services division, traveled with a BKD group to Beijing, China, in October 2015 to meet with other Praxity, AISBL firms including Moss Adams, Plante Moran and Dixon Hughes Goodman for China’s Praxity Conference. During his visit, Rob met with Mr. Zhang Ke, the founder of ShineWing and one of China’s most influential leaders in the CPA profession. Headquartered in Beijing, ShineWing is China’s largest domestic accounting firm with offices located in Singapore, Australia, Japan and locations across China. This recap offers insight into topics covered during the conference.

To learn more about BKD’s International Tax Services and inbound international services practices and stay up to date on the latest news, view these articles:

For more information about Inbound Services, please contact one of the individuals below:

Rob Wagner, Inbound International Services Lead
Scott Fields, China Business Lead
Pamala Renninger, Japan Business Lead
Jeff Deane, German Business Lead

Rob Wagner

Managing Partner

Rob Wagner

Managing Partner

Manufacturing & Distribution

201 N. Illinois Street, Suite 700
P.O. Box 44998
Indianapolis, IN 46244-0998 (46204)

Indianapolis
317.383.4000

Scott Fields

Partner

Scott Fields

Partner

Manufacturing & Distribution

2800 Post Oak Boulevard, Suite 3200
Houston, TX 77056-6167

Houston
713.499.4600

Pamala Renninger

Partner

Pamala Renninger

Partner

Manufacturing & Distribution

201 N. Illinois Street, Suite 700
P.O. Box 44998
Indianapolis, IN 46244-0998 (46204)

Indianapolis
317.383.4000

Jeff Deane

Managing Partner

Jeff Deane

Managing Partner

375 N. Shore Drive, Suite 501
Pittsburgh, PA 15212-5866

Pittsburgh
412.364.9395

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