Individual Income Tax & planning

USM-SBC strives to provide our clients with the Taxation expertise and knowledge they need throughout the year. Tax services offered include:

  • Estate planning
  • Family Business & Office services
  • Marital Dissolution services
  • Gift & Estate tax strategies
  • Annual Income tax filings
  • Tax Planning for U.S. Expatriates living in Canada
  • FBAR – Report of Foreign Bank and Financial Accounts
  • Estimated Tax payments
  • Filing extensions

A study of your current tax year's financial structure is necessary for effective tax planning. By making prudent planning now, you can cut costs and save time when paying your taxes. We offer solutions that can be customised to meet your specific tax needs and produce considerable tax filing benefits.

Federal Tax

Federal tax incentives and credits can significantly reduce your tax liability but making the most of them requires planning. In order to find and implement the solutions that will provide you with the greatest tax benefit, we evaluate everything from depreciation deductions and research and development credits to the advantages of cost segregation studies. Only our dedication to collaborating with you as an extension of your team to accomplish your goals comes close to matching the value USM-SBC brings to your tax bill. Included in our federal tax services are:

  • Accounting for income taxes
  • Compensation and benefits
  • Cost segregation, fixed asset management, and depreciation
  • ESG tax strategy
  • Federal withholding and payroll taxes
  • Research and development credit
  • Tax attribute studies
    • Section 382
    • Earnings and profits (E&P)
    • Stock basis
  • Tax structure solutions
    • Internal restructuring
    • Flow-through structure planning
    • Entity conversions
  • Transaction cost analysis

State & Local Tax

Businesses and individuals who operate or work in more than one State must deal with a complex and often confusing state and local tax environment. With more than 10,000 taxable jurisdictions in the U.S., each has its own tax issues, making it challenging to manage state and local tax needs. The State and local tax experts at USM-SBC work with clients to develop plans that reduce tax rates while ensuring compliance. Our offerings consist of:

  • Abandoned/Unclaimed Property
  • Income & Franchise Tax
  • Personal Property Tax Compliance & Consulting
  • Sales Tax Compliance
  • State & Local Tax Controversy
  • Tax Incentives & Training Grants

Workers Compensation Tax Services

Our professionals provide a complete range of planning and compliance services under the Internal Revenue Code and ERISA, with tax minimization strategies, structuring of employee benefit plans, fiduciary compliance, and government and internal audits. We understand the application of the Internal Revenue Code and ERISA to qualified and non-tax qualified retirement plans and welfare benefit plans. Our compensation and benefits services include:

  • Retirement plan design and analysis
  • 401(k) and 403(b) compliance
  • Employee plans compliance resolution system, including self-correction, VCP and audit CAP
  • DOL correction programs, including VFCP and DFVCP
  • Forms 5500, 8955-SSA, 5330 & 990
  • ESOP consultation and feasibility studies
  • DOL and IRS audit assistance
  • ERISA reporting and disclosure
  • Non-qualified plans and equity arrangements, including supplemental executive retirement plans, restricted stock, phantom stock plans, stock appreciation rights (SARs), and ISOs, NQSOs, and ESPPs
  • “Rabbi” trusts
  • IRC 409A compliance
  • IRC162(m) analysis
  • IRC 280G parachute analysis
  • Merger and acquisition due diligence
  • Worker classification analysis and VCSP
  • Form W-2 reporting and payroll compliance

Research And Development Tax Credits

Research and development tax credits assist companies in determining their allowable credit while backing them with proper documentation to withstand IRS scrutiny

Technological innovation involves substantial annual expenditures by many US businesses. Our Research & Development (R&D) Tax Credit specialists assist companies in determining their allowable tax credit, while helping to substantiate those credits with the proper documentation required to withstand IRS scrutiny.

International Tax Services

International Tax Services for Foreign Investors exploring to do business in India
  • Setting up Fund and guidance on tax issues relating to the setting up and operation of the Fund
  • Inbound business structuring
  • Advice on taxability on Liaison Offices, Branch Offices and Project Offices
  • Advisory on Investment holding structures
  • International Mergers and Acquisitions (‘M&A’) tax and regulatory advice
  • Planning asset transfers between the Indian and foreign companies
  • Structuring for cross-border acquisitions
  • Permanent Establishment analysis including advise on the ways to avoid the exposure
  • Advice on Head Office charges and other PE tax issues
  • Analysis of Royalty and service contracts to determine the taxability by analyzing the Indian Income-tax Act, 1961 and the Double Taxation Avoidance Agreements
  • Withholding tax issues while doing business with Indian clients
  • Advice on how to avoid permanent establishment due to secondment of expatriates.
  • Tax issues relating to formation of Association of Persons (‘AOP’)
  • Customs issues on exporting to India
  • Indirect tax issues in Trading in India
  • Assistance in obtaining Special Valuation Bench Order for the Indian subsidiary for import from related parties
  • Advice on Inter Company charges and the direct tax and indirect tax impact on them
  • Guidance on equalization levy
  • Base Erosion and Profit Shifting (BEPS’) impact assessment and continuous guidance
  • Guidance on issues relating to TDS on Fee for Professional Services received from Non Resident, TDS on Royalty Payments, etc.
  • Help in Obtaining Tax Residency Certificates
International Tax Services for Indian Investors exploring to do business outside India
  • Outbound international business structuring
  • Strategizing structures for International Tax Planning and Management
  • Advise on setting up multi-tiered holding structures through tax efficient jurisdictions.
  • Structuring for cross-border acquisitions
  • Intellectual Property migration
  • Shifting the holding company outside India
  • Advice on utilization of foreign tax credits
  • Global Tax Planning and Management
Expatriate Taxation
  • With the huge influx of Foreign Direct Investment in India there has also been increase in demand of specialized skills of mobile employees known as ‘expatriate’ in India.
NRI Services
  • Companies the world over are exploring options to expand in different geographies as globalization becomes absolutely essential.

IRS Representation

Audits can take a lot time and be very complicated, and many people lack the time, finances, or knowledge necessary to properly manage a tax audit on their own. By working together, we can help you reduce the hassle of the audit so that you can focus on running your business. USM-SBC also aims to handle all IRS inquiries in a way that puts you in the most optimal possible as a business owner.

IRS Representation Services provided by USM-SBC
  • Power of Attorney
  • IRS Audits
  • Respond to IRS Correspondence
  • Offer in Compromise
  • Tax Lien assistance
  • IRS Levy assistance
  • Innocent Spouse Relief
  • Prior Year Tax Filings
  • Payment Plans and Instalment Agreements
  • Reduction of Penalties

Transfer Pricing

As ever-changing guidelines broaden regulatory requirements, multinational businesses face increasing scrutiny from tax authorities. We understand the importance of having financial professionals worldwide to help your organization operate smoothly, regardless of its jurisdictions. USM-SBC enables you to navigate your international business opportunities and challenges to maximize operating efficiencies while minimizing risk. Our services include:

  • Benchmarking studies
  • Document studies
  • Inter-Co service charge
  • Royalty & License Agreements
  • Valuation

Value-Added Tax (VAT)

Rapid globalization increased global trade and expanded distribution and production channels create significant international growth challenges for multinational corporations. Managing value-added tax (VAT) liabilities across a range of countries presents considerable financial risk, especially when the complexity of VAT is underestimated. USM-SBC expertise in VAT compliance helps ensure our international clients are protected from overstated tax liabilities, interest charges, and costly penalties. Our services include:

  • VAT & advisory planning
  • VAT compliances & filings
  • VAT Registrations
  • VAT Audits

Wealth Management

All USM-SBC wealth advisors offer a range of services fit for the most simple or complex client relationships. We collaborate with you to ensure that we are carrying out a personalised plan to accomplish your unique goals. We offer the following wealth management services:

  • Investment planning & management
  • Tax efficient investment consulting
  • Lending advisory

401(k) planning

USM-SBC brings a holistic investment approach to 401(k) plan management. Expect expertise in plan design, compliance, and execution of qualified corporate retirement planning. As fiduciaries, they design and manage tailored retirement plans to help business owners and their employees enhance their outcomes with complete transparency.

Corporate Finance Advisory

Navigating your financial position to gain a clear view of your strategic and financial options can be daunting. It is crucial to prioritize financial and operational information to assess your viable options to make informed decisions. We at USM-SBC work with you to provide an objective view of your financial position, offering:

  • Board and shareholder advisory
  • Strategic alternatives analysis
  • Joint ventures and strategic alliances
  • Sale and divestiture planning
  • Capital raising

Cost Recovery & Accounting Methods

The fact is, a strategic approach to federal and State tax regulations may enable you to defer paying tax and enjoy the time value of money when acquiring, repairing or improving a commercial or residential rental property. As your advisors USM-SBC tax professionals take a holistic approach to the transaction, improvement or repair of tangible property and how you account for it on your balance sheet.

At USM-SBC, real estate is one of our core industry groups. We specialize in serving real estate clients large and small – and our people are well-versed in all areas of interest to real property owners, investors, tenants and users.


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