Forvis Mazars helps businesses consider the implications of tariffs from a broader lens. Manage the impacts of tariffs with assistance from our suite of curated service offerings.
Transfer Pricing
In a time of uncertain tariff rates, it may be important to leverage a team of advisors who can assist you throughout the transfer pricing life cycle—from policy development and design to implementation, compliance, and dispute resolution. Our transfer pricing services include:
- Planning
- Globally Coordinated Documentation
- Transfer Pricing Controversy & Dispute Prevention/Resolution
- Advance Pricing Agreements
- Intellectual Property Valuation
- Operational Transfer Pricing & Technology
- Value Chain Transformation
- Risk & Opportunity Assessments
Explore our transfer pricing and other international tax services here.
International Inbound
When establishing (or expanding) a presence in the U.S., inbound businesses have a variety of practical hurdles to clear. These include setting up payroll, receiving an EIN, choice of entity, establishing a bank account, converting from GAAP to IFRS, understanding federal and state income tax consequences, required software, and transfer pricing considerations. Forvis Mazars, along with our established relationships with attorneys, bankers, and logistics firms, can help inbound companies achieve their goals in the U.S.
Learn more about our Outsourced Accounting Services team here.
Inventory Management & Supply Chain Planning
To maintain profitability, entities may need to consider tariffs as part of their inventory control processes. Whether it be through a landed cost analysis, enterprise risk control, or supply chain advisory, our team can help you navigate how costs relevant to your inventory may impact your bottom line.
International Tax Modeling & Global Structuring
Tariffs may have a counterbalancing impact on international tax provisions like FDII, GILTI, BEAT, and Subpart F. Our team’s models can help anticipate these impacts on your entity’s taxable income.
When acquiring or establishing operations in new jurisdictions, the legal entity structures taxpayers choose will likely affect the global effective tax rate for the enterprise and its shareholders. Forvis Mazars can help you identify an efficient structure based on your specific attributes and short- and long-term business goals to help you move with momentum.
Learn more about our international tax team here.
System Implementation—Tariff Management Automation
Leverage our value-added reseller technology partnerships and certified experience to help you gain efficiency with processes involving tariffs. For example, tariff management in NetSuite can help organizations handle complex international trade and customs-related pricing and tax calculations. Here are several key features:
- Tariff Code Management
- Landed Cost Calculation
- Customs & Duty Tracking
- Integration With Purchasing & Sales
- Reporting & Analysis
Explore our Technology Consulting services here.
Accounting Methods & Inventory
Accounting methods can help you manage the impact of tariffs. Specifically related to inventory, entities should consider whether there is value in converting to the use of a Last In, First Out (LIFO) or Lower of Cost or Market (LCM) method, and confirm they are appropriately calculating §263A.
In addition, tariffs will impact the capitalized cost of fixed assets and inventory. Learn about our Accounting Methods services here.
State & Local Tax Planning
Tariff implications for businesses in the U.S.—or businesses establishing a presence in the U.S.—include:
- Sales/Use Tax
- Property Tax
- Apportionment Considerations
- Credit & Incentive Opportunities for New or Expanded U.S. Facilities or Operations
- Domestic Structuring Considerations
Explore our State & Local tax services here.
Business Valuation
The uncertainty around tariffs creates increased risk and volatility, which can directly impact valuation as demonstrated by the downturn in capital markets. An in-depth analysis of external economic factors is vital to helping provide an accurate valuation for informed decision making. In times of economic uncertainty, valuation professionals can advise on the following:
- Estate planning: Lower valuations may create an opportune time to consider gifting assets to family members or trusts.
- Impairment analysis: Economic uncertainty and tariff implementation may require companies to evaluate their assets for impairment.
- Scenario analysis and M&A advisory services: Make informed business decisions based on objective, supportable conclusions, that consider potential tariff scenarios and impacts.
Forvis Mazars can help you navigate these complexities and make well-informed decisions. Learn more about our Valuation services.
Washington National Tax Office
Visit our Washington National Tax Office (WNTO) site to stay informed with our insights from the Hill and beyond, including timely and actionable analysis about global trade and tariff policy, tax legislation, and more. Our team’s deep relationships with those in Washington, paired with the topical experience of our professionals, allow us to provide information that can help your business strategize around recent and upcoming legislative changes.
The Forvis Mazars network equips our firm to provide a global view on customs, tariffs, and trade. These non-U.S. practices offer expanded service offerings for multinational entities.
