While expanding into the US can be profitable, it can also be complex, challenging and ever-changing. For a start, all 50 states have their own rules and regulations and businesses will need to be compliant in all of the states in which they operate. What’s more, the US has a complicated array of federal, state and local taxes. In fact, there are more than 80,000 different tax jurisdictions nationwide12.
The country has also undergone a number of major tax and financial changes in recent years. Employee leave and work from home policies were overhauled as a direct result of COVID, new anti-corruption legislation came into force in 2021 and recent tax changes have focused on international trade.