What this area covers: bookkeeping in the US
Bookkeeping is one of 6 parts of our “Tax & Accounting” practice. It covers the full cycle from initial scoping to operational launch, run by a single named partner from our US practice.
What it is in the US: monthly close, P&L, balance sheet.
How we handle bookkeeping
The “Bookkeeping” project in the US is structured as a 4-stage process run by a single named partner.
Monthly compliance, annual filings, cross-border structuring and transfer pricing in every jurisdiction where INNOVA has representation or a partner.
The same desk that runs bookkeeping handles your banking, bookkeeping, compliance and — where needed — your wind-down.INNOVA · Operating model
Why the United States
The largest market, deep capital, a choice of state (Delaware, Wyoming, Florida), and a straightforward registration process. We use it for operating companies, reaching US investors, and structures built for venture funding.
A reliable regulatory environment
Banking ecosystem
Corporate tax 21% federal + state taxes
INNOVA represented on the ground
Why INNOVA
Operational differences that hold up on the 2nd, 5th and 10th project — not just at first impression.
One partner — the whole cycle
Registration, banking, tax, compliance, immigration — run by one team from start to finish.
14 years of practice
Working since 2012 through several regulatory cycles — including FATCA/CRS, the tightening of banking, and the introduction of UAE CT.
Regulator-grade documentation
Every output document is ready for audit and investor scrutiny — whatever the size of the deal.
Multi-jurisdiction within the group
Cross-border work is handled inside the group — no chain of external subcontractors.
How the work is structured
A 4-stage process led by a single named partner — from the intro call to the operational hand-over.
Position audit
Audit of the current tax position and accounting system
Plan design
Restructuring or optimisation plan
Implementation
Filings, registrations and system setup
Ongoing support
Bookkeeping and recurring reporting
What we need from you · what you get from us
What we need from you to begin — and what you walk away with. We won't pester you with needless questions: we already have most of the answers.
- Prior-year financials (if any)scans
- Banking and invoicing accessread-only
- Intercompany agreementsif multi-entity
- IP ownership and licensingstructured
- Operating-entity diagramcurrent state
- Monthly bookkeeping cycle liveautomated
- VAT/GST registrations completedby market
- Tax-position memorandumdocumented
- Annual financial statements preparedregulator-grade
- Transfer-pricing documentation (if needed)master + local
Four ways to work together
We don't quote a fixed price without understanding your situation — cost depends on the complexity of your case. Start with an initial call, then we pick the right format.
Intro call
A 30-minute online consultation. We discuss your situation, define the project scope, and propose a structure and timeline.
Written analysis
A written consultation with a full review of the business — tax positioning, structure options, jurisdiction comparison, banking path. Turnaround: 5 business days.
Operating roadmap
For complex situations — multi-jurisdiction structures, regulated activity, founder relocation. A full plan with stages, dependencies, deliverables and timing.
Direct execution
You know what you need — we execute. No advisory mark-up and no discovery phase.
Fill in the questionnaire
Complete the online questionnaire: it creates your account on the portal, where your structure, renewal reminders and documents will live.
Fill in the questionnaire
4 steps · creates an INNOVA portal account · 24h review.
Once you submit the questionnaire we create a portal account. Inside: your live structure, a renewals calendar (annual returns, register updates, tax filings), a document vault (certificates, share register, bank letters), a partner chat and project status. A single place for your entire operational life.
From a client
A review from a client who went through a comparable project. Verified, the engagement is ongoing.
Frequently asked questions
The questions we're asked most often. If yours isn't here, an intro call is the fastest way to get an answer.
Most “Bookkeeping” projects in the United States run 4–9 weeks start to finish. The fastest stage is document filing; the longest is post-registration onboarding (banking, tax registration). A single named partner runs the project throughout.
From US$ 600/mo · bookkeeping · scope by structure. The lower bound is for clean, standard profiles; the upper bound is for complex ownership structures, multi-jurisdiction projects or regulated activity. A fixed quote follows a 30-minute scoping call.
In most cases, no. The entire process runs remotely under a notarised power of attorney. A handful of jurisdictions require an in-person visit (typically biometrics for a residence permit) — we plan those as efficiently as possible.
A single-member LLC owned by a non-US person is a disregarded entity for US federal income tax: it pays no US tax on foreign-sourced income itself. But there's a trap. The LLC still files Form 5472 (Information Return of a 25% Foreign-Owned US Corporation) and a pro-forma Form 1120 with the IRS every year. Missing Form 5472 costs a $25,000 penalty per year — one of the most commonly missed obligations for foreign-owned LLCs.
Form 5472 is filed by any US LLC that is 25%+ foreign-owned and enters a "reportable transaction" with a related foreign party — capital contributions, loans, management fees. The form attaches to a pro-forma Form 1120. Deadline: March 15 for C-Corps, April 15 for LLCs (extendable to September). The $25,000 penalty applies even at zero tax owed — this is pure information reporting.
The US federal corporate tax rate is 21%, flat since the Tax Cuts and Jobs Act 2017. Deductions: ordinary and necessary business expenses, depreciation (Section 179 immediate expensing up to $2,500,000 for tax years beginning in 2025, or MACRS), research and development credits (Section 41), net operating loss (NOL) carryforwards (80% of taxable income), and the qualified business income (QBI) deduction for pass-through entities. State corporate taxes vary. Delaware, Nevada, and Wyoming charge nothing on non-operating entities.
Bookkeeping in other countries
The same service — in every jurisdiction we run. One desk, one standard.
