Businesses expanding into the UK are often surprised to hear about the statutory requirement for an audit that arises and so we recommend that you make contact with us at the earliest opportunity.
While the rules are somewhat complex, they can be summarised as follows:
See Accounting for details of UK public filing requirements.
Since 2004, the IRS has had the statutory authority in cases where a US person willfully fails to disclose balances… twitter.com/i/web/status/1…
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