U.S. Tax
RH Partners LLP delivers U.S. tax services to organizations across Barrie, Simcoe County, Central Ontario and the Greater Toronto Area.
Mitigating cross-border complexity
The United States tax code is extraordinarily complex.
At nearly 7,000 pages—and closer to 75,000 pages if the vast number of U.S. tax regulations are included—it can be virtually impossible for non-accountants to effectively navigate. Factor in compliance with federal, state and municipal sales and income tax laws, and compliance becomes even more difficult. Failing to satisfy Internal Revenue Service, state or local reporting requirements can lead to major fines, interest charges or legal issues.
Canadians living in the U.S., or who plan to expand their business across the border, should exercise caution to avoid running afoul of the IRS or local tax authorities. Put simply, the U.S. and Canadian tax systems are very different. In the U.S., the income tax system is based on either citizenship or residence. In Canada, taxation occurs on residency. Canadians living or working in the U.S. may find themselves taxed on their world income in both Canada and the U.S. Our team has the expertise in both the U.S. and Canadian tax systems to help you understand and manage those nuances.
Efficient, effective U.S. tax services
We provide comprehensive cross-border tax and accounting services, ensuring your taxes are not only filed properly and on-time, but are prepared with attention to detail and with a focus on helping your organization mitigate non-compliance-related risk.
Our U.S. tax services include:
Minimizing your U.S. tax risk
RH Partners LLP is one of a relative few accounting firms in Central and Southern Ontario that maintains an in-house U.S. tax team. Ours is staffed by experienced tax professionals with decades of combined cross-border expertise. They work to stay a step ahead of rapidly changing U.S. and Canadian tax law, understanding how our two systems intersect. They fully leverage those insights, developing strategies that enable clients with cross-border interests to meet their compliance and reporting obligations.
That means going above and beyond standard tax filing obligations.
We help clients understand corporate structuring risks and opportunities, review potential U.S. business transactions and help them understand issues around cross-border investments and estate planning. The latter poses added complexity for Canadians living in the U.S., especially if they have family living in Canada who will one day inherit their assets. No matter the specifics of your tax situation, our U.S. tax team has the expertise to minimize taxation and ensure your full compliance.
