Establishing Your Needs
|
Accounting and tax regulations in the United States are complex and difficult to implement.
Foreign subsidiaries of US based companies often need reporting assistance, training, and tax advice from qualified CPAs.
Implementing or maintaining US GAAP as your reporting structure is demanding.
A company directly listed with the SEC or associated with a listed company requires audit and review services from an international accounting firm with an outstanding reputation. | |  |
The US markets are an excellent source for raising capital, however it is difficult to properly evaluate the financing alternatives available.
Companies committed to a financing plan involving the US debt or equity markets need an international accounting firm with US reporting and tax experience.
Companies involved in acquisitions require due diligence or acquisition accounting services from an auditing firm with local and international experience, including an integrated approach to tax structuring, due diligence and post-deal services.
Effective corporate or personal US tax planning or compliance is the key to managing your tax obligation.
Meeting Your Needs
PricewaterhouseCoopers has created the US Business Advisory Group to help you navigate the demands on your business, chart your opportunities and provide a beacon of ethical and technical knowledge for US issues in an international market..
PricewaterhouseCoopers is the leading professional services firm in US accounting and tax matters. Our specialists benefits from a strong global network and our role as the leading advisor in the Czech Republic. Our team of Czech and US experts has a proven track record assisting Czech companies with US accounting, taxation, and business planning needs and is able to provide our clients with a link to the largest global network of professionals providing US advisory services in the world.
We are dedicated to providing you with the most practical and effective solutions for your needs.
Identifying the Demands on Your Business and Providing Alternatives
We are a team of professionals with over 15 years of experience assisting public and private companies in the Czech Republic with their US accounting, tax and business advisory needs. The US rules and regulations are complex and continually changing. Properly implementing them into your business is often very difficult. To address this need, our team is ready to:
- Provide your company with introductory seminars, briefings and training on US accounting, reporting and
taxation matters and provide comparisons with similar Czech requirements; and
- Conduct specialized training and update sessions on newly introduced standards and regulations.
For companies that are considering US GAAP as their primary accounting and reporting basis or that are already committed to a US GAAP reporting structure, we are prepared to:
- Assist with the conversion of local financial statements to US GAAP;
- Provide practical advice on the most efficient and effective manner of converting local accounts to US GAAP;
- Assist in evaluating various accounting alternatives including inventory valuation, valuation of fixed assets,
useful lives of fixed assets, etc.;
- Provide technical advice in identifying and generating additional information needed to comply with US GAAP and SEC presentation and disclosure requirements; and
- Advise you on key organizational issues including;
- identification and evaluation of deficiencies in internal controls and information systems;
- personal demands and resources;
- conversion of internal management accounts to US GAAP; and
- technical requirements concerning the company financial reporting and review structure.
For companies already directly or indirectly participating in the US markets, we can:
- Audit and review your company's regular filings and other reporting requirements for the SEC or other
investor/parent relationship;
- Assist your company in evaluating and implementing new US GAAP and SEC rules and pronouncements.
Providing Solutions for Your Financing and Investing Requirements
Entering the US Financial Markets
PricewaterhouseCoopers have specific resources dedicated to assisting you in entering the US financial markets. Our Global Capital Markets Group (GCMG), a specialized group of the PricewaterhouseCoopers global professional network, is designed to assist companies entering the US markets for the first time, whether through an initial public offering, private placement, or other listing. Our team, in cooperation with GCMG, will:
- Provide strategic advice to help you identify and evaluate the various financing alternatives available in the
US public and private securities markets;
- Perform a preliminary study to identify the business impact of complying with US reporting
and other requirements, the potential "deal breakers", and the level of your continuing
commitment;
- Advise on the adoption of a US financial reporting framework; and
- Introduce you to investment bankers, financial institutions, venture capitalists and lawyers.
Once your company has entered the US markets, the US Business Advisory Group and GCMG
can also assist with your on-going reporting, financing, and regulatory needs.
Acquisition Support Services
Our group is prepared to provide you with various planning, implementation, and technical solutions for your business acquisition needs in the Czech Republic. Our team can help you identify potential targets, research and prepare acquisition case studies, assist in drafting the acquisition plan, and advise you during negotiations. We can also perform due diligence reviews and assist with acquisition accounting for transactions, which includes valuations, purchase price allocations, and audits for newly acquired entities.
From a tax perspective, our specialists can assist you in developing the initial tax and legal structure, bid support, and deal execution. We can also assist you in evaluating the necessity for tax optimized restructuring and structure disposal options for your group.
Managing Your US Tax Obligation
We have a team of local tax experts committed to helping you plan and manage your US tax obligations. From identifying potential investment credits to effectively managing transfer pricing policies, tax planning is a critical element to ensuring the maximum return from your business. Our tax professionals will help you:
- Identify tax saving opportunities;
- Design tax strategies to minimize your current obligation;
- Evaluate the benefits of various structuring alternatives;
- Assist you in qualifying for investment and other tax incentives in the Czech Republic; and
- Prepare your corporate tax return.
In addition to corporate tax planning and compliance services, the US Business Advisory Group can assist individuals with their US personal tax planning and filing requirements.
Helping You
We dedicated to providing you with the most practical solutions to meet your individual needs and we will work with you to ensure these solutions are implemented in the most efficient and effective manner. Advice can be provided in either the Czech or English language.
To find out more about how our group can help you, please contact one of our dedicated professionals.
