About Us
Mission Statement
We will support companies doing business in the U.S., and people thinking starting a business in the U.S., by providing high quality services which comply with the U.S. regulations.
Our goal is to enable our clients to concentrate on their own business and build long-term relationships.
Partners
Naoe Abe, CPA
Naoe Abe, CPA has over 11 years of accounting, auditing, consulting and tax experience in public accounting firms including PricewaterhouseCoopers LLP in New York. Before public accounting, she worked for a Tokyo branch of major U.S. financial corporation.
- The State of New York Certified Public Accountant
- Member of American Institute of Certified Public Accountant (AICPA)
- MBA, Indiana University of Pennsylvania
Akemi Takizawa, CPA
Akemi Takizawa, CPA has over 16 years of accounting, auditing, consulting and tax experience in a public accounting firm in New York. specialized for Japanese corporations and investors in the U.S. Her background from corporations covers the industries of tradings, communications, and consulting.
- The State of New York Certified Public Accountant
- The State of California Certified Public Accountant
- Member of American Institute of Certified Public Accountant (AICPA)
- B.S. in Business, Management, Economic, and Accounting in State University of New York
Our Services
Audit
Through appropriate audit procedures, a CPA expresses whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.
The CPA will conduct auditing procedures in accordance with GASS (Generally Accepted Auditing Standard). The CPA is required to obtain an understanding of the entity's business's internal control and assess fraud risk. Also, corroborate the amounts and disclosures included in the entity's financial statements through inquiry, observation, physical inspection, third-party confirmation, analytical procedures and substantive test.
We provide high quality audits with a focus on a risk approach, and have considerable auditing experience in a wide range of fields from service industries to heavy industries.
We also provide corporate Benefit Plan audits.
Review
Review provides a basic level of assurance on the accuracy of financial statements, which is referred to as a "passive opinion". A CPA will conduct review procedures compliant with SSARS (Statement of Standards for Accounting and Review Services).
The CPA is required to understand the industry in which an entity operates, and obtain knowledge of the entity's business and accounting principles and practice applied in that industry and business.
Understanding of internal controls at the audit level and verification tests will not be required.
Compilation
This is most basic level of financial statements. Compilation procedures conforms to the SSARS (Statement of Standards for Accounting and Review Services).
The CPA is required to read the financial statements in light of the financial reporting framework being used and consider whether the financial statements appear appropriate in form and are free from obvious material misstatements.
Compilation procedures do not require understanding of internal control, substantive test, analytical procedures, and inquiry required at a level of audit and/or review.
Financial Statements Preparation
In 2015, SSARS No. 21 AR70 (Statement on Standards for Accounting and Review No.21, AR70 Preparation of Financial Statements) was introduced, and it enabled a CPA to prepare financial statements without providing attest services. The CPA does not provide any assurance of the financial statements., and also is not required to make a determination regarding independence from the entity. A report is not required even when the financial statements are expected to be used by or presented to a third party.
Preparation of financial statements under SSARS No. 21 AR70 may be typically appropriate when the user does not require compilation level of assurance on the accuracy of financial statements, still would be more comfortable with the perspective of a CPA.
We will advise the most appropriate aservice which meets your needs.
Bookkeeping Service
- Day-to-day bookkeeping business and monthly, quarterly, and year-end closing of the books.
- By the use of appropriate bookkeeping complying with U.S. accounting standards (US GAAP), it is possible to reduce the time and cost of audit and review.
- We will recommend the accounting software that best suits your needs. You can access the book online anytime.
-Our book keeping services also will help your tax preparations. On your request, we will communicate with your tax preparer,and provide sheets, list, and other data ncecessary for tax preparations.
-When you maintain your own accounting staff, we can assist the staff with appropriate bookkeeping providing cost management.
-Outsourcing of bookkeeping tasks such as the issuance of checks will strengthen your internal controls.
Payroll CalculationsSolutions
Payroll processing in the United States is much more complicated than that in Japan. A business entity is required to submit various federal and state payroll tax returns quarterly and annually. Also, various registrations are required by federal and states, labor departments, and prompt payment of withholding taxes is necessary to avoid penalties. This can be a heavy burden for a Japanese expatriate who has to manage complicated payroll practices and paper work, while he/she is also engaged in other important business.
Also, unlike in Japan, in the U.S. individuals and their spouses are required to submit individual tax returns once a year. Under the tax laws, U.S. residents are required to report worldwide income, and nonresidents are required to report U.S. source income. However, there are various strategies to take advantage of tax benefits, and it is crucial to determining the most suitable tax position by considering various elements including U.S.-Japan tax treaties.
We will provide consistent services, from gross-up payroll calculation, payroll processing, payroll tax returns to individual tax returns, so that Japanese expatriates are able to concentrate on their own business.
U.S. Corporation Taxes
We will support your corporate tax compliance strategies with considerable experiences. Our goal is to explain complicated tax issues in plain language and allow better understanding to guide decision making.
-Federal Corporate Tax Returns
U.S. Subsidiaries
Representative Office
Brancy Oofice
Other Business Entities
-State/Local Corporate Tax Returns
-Calculation of Estimated Taxes
-Assisting Audits by Federal and State Tax Authorities
-Preparation of Other Tax Returns/Reports
Form 5500 (Corporate Pension and Benefit Plans)
Reports related to US-Japan Tax Treaty
Sales and/or Used Tax
Payroll Tax Returns
U.S. Department of Commerce BE Form
Individual Tax and Payroll Calculations
Payroll processing in the United States is much more complicated than that in Japan. A business entity is required to submit various federal and state payroll tax returns quarterly and annually. Also, various registrations are required by federal and states, labor departments, and prompt payment of withholding taxes is necessary to avoid penalties. This can be a heavy burden for a Japanese expatriate who has to manage complicated payroll practices and paper work, while he/she is also engaged in other important business.
Also, unlike in Japan, in the U.S. individuals and their spouses are required to submit individual tax returns once a year. Under the tax laws, U.S. residents are required to report worldwide income, and nonresidents are required to report U.S. source income. However, there are various strategies to take advantage of tax benefits, and it is crucial to determining the most suitable tax position by considering various elements including U.S.-Japan tax treaties.
We will provide consistent services, from gross-up payroll calculation, payroll processing, payroll tax returns to individual tax returns, so that Japanese expatriates are able to concentrate on their own business.
Consulting Services
Starting a Business in the U.S.
Tax Compliances
Registrations in Federal and States
Accounting Software
Staff Training
Real Estate Investment
Real Estate Investment in the U.S.
Tax Compliance and Strategies
Internal Control
Designing Effective Internal Control
Strengthen Internal Control
Inventory Observation
J-SOX
Contact Us
Abe and Takizawa LLP accepts inquiries via a below form or by phone.
Telephone
914-366-7569
Time：Monday～Frinday(excluded holidays) 9:30-17:00(Eastern Time)
Message Form
Please send us a message.
We will reply you by e-mail or phone.
If you are in a hurry, please contact us by phone.