PREMIUM ACCOUNTING · TAX · PAYROLL COMPLIANCE
U.S. entity accounting,close, tax & payrollbuilt to HQ standards.
K&S Associates manages the monthly close, corporate tax, sales tax, payroll compliance, and HQ reporting for Korean-owned U.S. entities in one flow. This is not generic bookkeeping. It is premium accounting built to produce numbers HQ finance and auditors can understand.
Monthly Close
Books that explain the month
Tax · Payroll
Corporate, sales, and payroll compliance
Custom Plan
Service fit to HQ and entity needs
THE COMMON PATTERN
The books can look fine in year one. HQ reporting reveals the standard.
When the U.S. entity is still small, bookkeeping and tax filings may feel sufficient. Once HQ reporting, audit support, and payroll complexity enter the picture, generic bookkeeping often stops being enough.
The work starts filing-first
Bank, card, revenue, and expense records are reconciled, and filings get done on time. That can keep the entity operating, but the chart of accounts and evidence trail may not yet be built for HQ reporting.
HQ asks for supportable numbers
Consolidation packages, auditor requests, department reporting, transfer-pricing questions, inventory, fixed assets, expatriate payroll — the scope expands quickly. The accounting structure is tested at that point.
Late fixes become operating cost
Reclassifications, amended filings, payroll cleanup, historical support, and explanations to HQ can all arrive at once. Correcting the structure later costs more time and attention.
A corporate-grade setup from the beginning reduces later cleanup cost and makes HQ communication easier.
CORPORATE ACCOUNTING & TAX
We do not separate accounting, tax, and systems.
The U.S. entity's books support tax filings, HQ consolidation, internal reporting, and payroll-tax compliance. We design the close and reporting package as one operating flow.
A monthly close that actually closes
The close is not just reconciling numbers. It leaves the month in an explainable state: bank and card reconciliations, revenue and expense cutoff, payroll accruals, intercompany, and FX support on a recurring schedule.
- Bank & card reconciliationDone
- Revenue & expense cutoffDone
- Payroll & benefits accrualsDone
- Intercompany · FX reviewDone
- HQ reporting package submittedD+5
K-IFRS consolidation in HQ's format
We map accounts and reports to the headquarters standard, so the consolidation team does not have to rebuild the package. US GAAP books and the K-IFRS package come from the same data flow.
| US GAAP | MAP | HQ ACCOUNT |
|---|---|---|
| Revenue | → | 매출액 |
| Accrued payroll | → | 미지급비용 |
| ROU asset (ASC 842) | → | 사용권자산 |
Accounting and tax in one structure
Tax provision, corporate tax, sales tax, and payroll tax should not move separately from the books. Filing numbers and HQ reporting numbers need to start from the same support.
Payroll structure and expatriate issues
Expatriates, local hires, bonus, benefits, relocation, and withholding can compound quickly. Payroll needs structure before it becomes a tax and reporting problem.
ERP and HQ-system readiness
We design accounts and processes with ERP, cost centers, departments, intercompany, and HQ reporting packages in mind. The aim is to reduce spreadsheet rework.
THE TEAM
With Big 4 and investment banking experience, we translate U.S. subsidiary books into the language HQ finance teams expect.
SERVICES
Dedicated desks for subsidiaries, owner-operators, and private clients.
Our core work is with Korean companies entering or operating in the U.S. We also serve U.S. owner-operators and high-net-worth private clients through dedicated tax teams.
Korean Companies in the U.S.
U.S. subsidiary accounting and tax built for HQ reporting
- US GAAP monthly close · management reporting
- K-IFRS consolidation package · account mapping
- Corporate tax · tax provision · state/local tax
- Payroll architecture · expatriate/local hiring
- Audit requests · HQ due-diligence support
U.S. Small Business Tax
Books, payroll, and tax for owner-operated businesses
- S-Corp · partnership · sole proprietor filings
- Monthly books · payroll · 1099
- Sales tax · notices · compliance
- IRS and state representation
High Net Worth
Private-client and Korea-U.S. individual tax
- Personal tax strategy and filings
- Korea-U.S. income and financial accounts
- Gift, estate, and wealth-transfer planning
- Real estate and investment-income review
INSIGHTS
U.S. subsidiary operating insights
Practical notes on recurring accounting and tax issues: HQ reporting, monthly close, payroll, state tax, and audit support.
Today's structuresets next year'scost.
Before formation, the chart of accounts, payroll structure, and reporting package can be designed correctly. If the entity is already operating, the first step is to compare the current books against HQ's reporting requirements.
Pre-incorporation planning and existing-books cleanup both welcome.