Global Reach & International Services

Our clients’ businesses take them all over the country and, increasingly, around the world, so we have positioned ourselves to assist them efficiently wherever they need assistance. Our audit, accounting and tax professionals seamlessly handle client engagements whether we go on site or collaborate internationally with our international accounting firm correspondents.

Our firm is mobile, ready to work for our clients in every state or country. We have been engaged as accountants for businesses with international operations in locations including Australia, Canada, Mexico, Panama, Ireland, England, Germany, France, The Netherlands, Spain, Portugal, Israel, Malaysia, and China.

Cross Border Practice

Hugh Scott has been helping its U.S.-based clients as they grow globally for over twenty years.  We have helped assist our clients in obtaining qualified foreign audit, tax and business consulting services across the world.

In addition to helping United States companies expand abroad, Hugh Scott provides audit, accounting, tax, and business consulting services to foreign owned U.S.-based subsidiaries of public and private companies and to their executives that are U.S. based. We have been engaged quite often to become the "outsourced accounting department" for U.S.-based foreign owned start-ups and spin-offs. Services we provide to foreign owned U.S. based companies include:

• Recommendation legal and insurance professionals
• Set up of payroll reporting with service bureau
• Recommendation and setup of accounting systems
• Outsourcing of accounting function
• Audit of financial statements (or review or compilation)
• Monthly financial reporting package to parent company
• IFRS reporting or US GAAP to IFRS reconciliations
• Coordination with international auditors
• Tax services - U.S. and International

International Tax

Our tax professionals are experienced in analyzing complex international tax issues and collaborating our international tax colleague contacts to devise the best solutions to international tax issues that face multi-nationals. Companies doing business globally must be advised on cross-border tax rules, tax treaties and other aspects of conducting business in order to reduce their tax burden and meet tax compliance requirements. Our services include the following international tax related areas:

• Choice of Tax Entity and Ownership
• Debt verses Equity Funding Advice
• Federal and State Tax Registration
• Tax Compliance and Planning
• Tax Treaty Analysis
• Transfer Pricing Reviews
• Extra-territorial Income and Exclusion
• Tax Planning for Cross Border Transactions
• Foreign Tax Credit Planning
• Foreign National and Expatriate Tax Services
• Tax Withholding Services
• Controlled Foreign Corporations
• Passive Foreign Investment Companies
• Foreign Investment in U.S. Real Property
• Cross-Border Licensing of Intangibles Advice
• Use of Offshore Financing Structures
• Strategies for Repatriation of Earnings
• Advice on Tax Equalization Plans
• Advice on Totalization Agreements

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Hugh Scott. Quality Counts! ™