Spott, Lucey & Wall, Inc. - Certified Public Accountants Spott, Lucey & Wall, Inc. - Certified Public Accountants
   
     
 
Services
Privacy Statement
It is against our firm policy to outsource any of our services. Some CPA firms use foreign service firms to prepare U.S. tax returns. We treasure your privacy. All of your private information we obtain from you (organizers, bank statements, brokerage statements, etc.) is carefully protected within the confines of our facilities. We will not release any information about you to anyone (other than legal situations over which we have no control) without your express written consent. More

Audit & Accounting Services
Spott, Lucey & Wall, Inc. offers our clients an extensive technical skill and resource base. We maintain audit and accounting service capabilities for attestation requirements (audits, reviews, compilations, or other agreed upon services). Our clients include middle market companies and membership organizations. We have demonstrated competence in the unique audit and accounting requirements of the following industries:
  • Technology
  • Importing
  • Real Estate
  • Membership Organizations
Many of our corporate clients are subsidiaries of foreign based businesses. The parent company is often audited and their auditors usually use our firm to perform local onsite attestation services (i.e. completion of checklists, observe inventories, validate assets or other agreed upon services).
For more information on Audit & Accounting Services:
Crista M. Lucey Resume Crista M. Lucey Email Crista M. Lucey 415-217-6902
Ming P. Fang Resume Ming P. Fang Email Ming Fang 415-217-6909

Spott, Lucey & Wall, Inc. works with many of our clients on international business and tax affairs. We handle matters for foreign corporations investing in or owning United States businesses, foreign citizens working in the United States, as well as U.S. citizens and residents working abroad.
Our corporate services include functioning as our clients' "tax department" when the scope of tax requirements is complex but does not warrant maintaining a full time tax staff. Our tax department services would include all areas of taxation including local property, payroll, sales and use, gross receipts, and multi-state income.
Spott, Lucey & Wall, Inc. provides personalized planning services. We assist clients in making financial and business decisions. We also represent our clients in disputes with tax authorities.
Foreign Individuals Visiting the U.S.
The United States uses a world wide tax system (i.e. the US government follows the transaction and not the money (it does not matter where you are paid) whereas many other countries use a territorial tax system that follows the money. Spott, Lucey & Wall, Inc. can explain to you the income tax rules (including disclosures) that need to be considered for international compensation arrangements. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private, independent analysis of the application of these rules to your personal situation.
Spott, Lucey & Wall, Inc. routinely provides these services for visiting foreign nationals:
  • Preparation of federal and state income tax returns.
  • Pre-move consultation to discuss:
    - Tax home issues
    - Treaties Residency issues
    - Reporting requirements
    - Tax basis of assets
    - Estimated tax rules
    - Estate taxes
    - Gift taxes
    - Disclosures (i.e. foreign bank accounts, foreign corporations, foreign partnerships, foreign gifts and bequests, foreign trusts, etc.)
    - Withholding taxes on payments made to or from abroad (i.e. alimony, interest, etc.)
  • Determination of elements of taxable income.
  • Identification of available deductions such as travel, entertainment, supplies, computer systems, etc.
  • Determination of timing of income (now, later or never) including an evaluation of constructive receipt.
  • Consultation regarding severance arrangements.
  • Recommendations regarding fringe benefits.
  • Determination of tax home.
  • Application of totalization agreements.
  • Coordination of human resource departments and payroll departments.
  • Design and implementation of tax equalization and tax protection programs.
  • Analysis and evaluation of foreign tax credit issues.
Foreign Corporations and Other Businesses Investing in the U.S.
The United States uses a world wide tax system (i.e. the US government follows the transaction and not the money (it does not matter where you are paid) whereas many other countries use a territorial tax system that follows the money. Spott, Lucey & Wall, Inc. can explain to you the income tax rules (including disclosures) that need to be considered for importing into the United States. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private, independent analysis of the application of these rules to your unique situation.
Spott, Lucey & Wall, Inc. routinely provides these services for foreign businesses importing into the United States.
  • Preparation of federal and state income tax returns for the branch or subsidiary as well as any intercompany transferees (or other foreign nationals brought to the U.S. to work).
  • Structural decisions involving:
    - Treaties including discussions of permanent establishment
    - Branch versus subsidiary (including branch profits tax matters)
    - Reporting requirements including US Department of Commerce
    - Capitalization (debt versus equity)
    - Tax basis of assets
    - Estimated tax deposit rules
    - US Death Taxes for the owners
    - Transfer pricing for intercompany sales and services
    - Disclosures (i.e. transactions between affiliates and ownership.)
    - Withholding taxes on intercompany payments (i.e. dividends, interest, royalties, etc.)
  • Determination of elements of taxable income.
  • Identification of available deductions such as travel, entertainment, supplies, computer systems, etc.
  • Determination of timing of income (now, later or never).
  • Consultation about general business matters (Local business taxes, selection of fiscal year, selection of accounting methods, etc.)
  • Recommendations regarding employee fringe benefits.
  • Payroll burden you can expect and application of totalization agreements, if applicable.
Foreign Investors in U.S. Real Estate
Spott, Lucey & Wall, Inc. can explain to you the income tax rules (including reporting) that need to be considered when you decide to invest in U.S. real estate. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private, independent analysis of the application of these rules to your personal situation.
Spott, Lucey & Wall, Inc. routinely provides these services for foreign nationals investing in U.S. real estate:
  • Preparation of federal and state income tax returns, withholding returns, exemption applications, and other reports (U.S. Department of Commerce, etc.).
  • Selection of proper structure
  • Treaties
  • State income tax (unitary tax issues)
  • Reporting requirements
  • Tax basis of assets
  • Estimated tax requirements
  • Death taxes
  • Gift taxes
  • Disclosures (i.e. transactions with owners and other related parties, etc.)
  • Withholding taxes on payments outside the US or California (i.e. dividends, interest, etc.)
  • Special tax rates
  • Cash flow projections
  • Tax on sale calculations
  • Identification of available deductions such as inspection trips, management fees, depreciation, amortization, etc.
  • Determination of timing of income and deductions (now, later or never).
  • Recommendations regarding payroll and employee fringe benefits.
U.S. Businesses Exporting to Foreign Countries
Spott, Lucey & Wall, Inc. can explain to you the income tax rules (including disclosures) that need to be considered for exporting to foreign countries. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private, independent analysis of the application of these rules to your unique situation.
Spott, Lucey & Wall, Inc. routinely provides these services for U.S. businesses exporting to foreign countries.
  • Preparation of federal and state income tax returns for the branch or subsidiary as well as any inter-company transferees (U.S. individuals sent to the foreign country to work).
  • Structural decisions involving:
    - Treaties
    - Branch versus subsidiary (including branch profits tax matters)
    - Exit strategies from foreign markets
    - Reporting requirements in the US
    - Planning for application of disregarded entity, Controlled Foreign Corporation and Passive Foreign Investment Company rules
    - Capitalization (debt versus equity)
    - Tax basis of assets
    - Estimated tax responsibilities
    - Transfer pricing for inter-company sales and services
    - Disclosures (i.e. transactions between affiliates and owners.) to avoid penalties
  • Determination of elements of taxable income or earnings and profits (conversion of net income to U.S. tax rules).
  • Determination of timing of income (now, later or never).
  • Coordination of general business matters (Local business taxes, selection of fiscal year, employee fringe benefits, selection of accounting methods, etc.) with local experts.
  • Application of totalization agreements, if available.
U.S. Citizens & Residents Abroad
As a US citizen or green card holder or a US tax resident (i.e. an individual that gave up US citizenship or a green card and became a US resident again because they were in the US 30 days or more in a calendar year) you must report your world wide income. Spott, Lucey & Wall, Inc. can explain to you the income tax rules (including reporting) that need to be considered for international compensation arrangements. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private, independent analysis of the application of these rules to your personal situation.
Spott, Lucey & Wall, Inc. routinely provides these services for U.S. expatriates:
  • Preparation of federal and state income tax returns.
  • Pre-move consultation to discuss:
    - Tax home issues
    - Treaties
    - Residency issues
    - Reporting requirements
    - Investments (tax effect) including passive foreign investment companies
    - Tax basis of assets and foreign currency transactions
    - Estimated tax requirements
    - Death taxes
    - Gift taxes
    - Disclosures (i.e. foreign bank accounts, foreign corporations, foreign partnerships, foreign gifts and bequests, foreign trusts, etc.)
    - Withholding taxes on payments abroad (i.e. alimony, interest, etc.)
    - and other projects.
  • Determination of elements of taxable income.
  • Identification of available deductions such as travel, entertainment, supplies, computer systems, etc.
  • Determination of timing of income (now, later or never) including an evaluation of constructive receipt.
  • Consultation regarding severance arrangements.
  • Recommendations regarding fringe benefits.
  • Determination of tax home.
  • Application of totalization agreements.
  • Coordination of human resource departments and payroll departments.
  • Design and implementation of tax equalization and tax protection programs.
  • Analysis and evaluation of foreign tax credit issues.
For more information on Tax Services:
General Information Email General Information 415-217-6900

Management Advisory Services
The professional staff of Spott, Lucey & Wall, Inc. are skilled in providing solutions to complex financial business problems. We have practical experience in numerous management advisory roles, including:
  • Participating as members of "due diligence" teams to evaluate acquisition candidates. We can provide an acquisition audit or, usually more appropriately, work with the acquisition team to seek out surprises.
  • Preparing or evaluating models to aid in business strategy development.
  • Participating in the evaluation of a business plan.
  • Assisting in the organization and operation of business ventures.
For more information on Management Advisory Services:
Crista M. Lucey Resume Crista M. Lucey Email Crista M. Lucey 415-217-6902
Ming P. Fang Resume Ming P. Fang Email Ming Fang 415-217-6909

Individual Taxpayer Identification Numbers
Members of our firm at Spott, Lucey & Wall, are certifying acceptance agents. The firm has a contract with the Internal Revenue Service to facilitate the assignment of individual taxpayer identification numbers to individuals that are not entitled to a Social Security Number but need to file a tax form with the Internal Revenue Service. This special status does not entitle us to faster service but it does allow us a liberty to make inquiries and otherwise keep the progress of the application moving smoothly.
If you would like us to help you obtain an individual taxpayer identification number (an ITIN), please down load a copy of the form W-7 (see below) and a copy of IRS Publication 1915 (see below). Complete the form W-7 and read the publication for more information about ITINs.
Take your identification documents (i.e. passport) to a US notary public, a US Embassy or the local agency that created your identification in your home country and have them notarize a photocopy of the document as a true copy of the document. If you wish, you can also come to our office where we can make the photocopies and certify them.
Send the form W-7, the notarized copy of the identification and the federal income tax document that requires that you have an ITIN to us (our address is noted above). We will review everything for completeness and accuracy. We will then prepare a letter to the Internal Revenue Service certifying the application and send it to the IRS via certified mail. We will then monitor the progress of the application. Our fees for this service are a flat fee of $1,000 per application.
For more information on Individual Taxpayer Identification Services:
Devan Friday Resume Devan Friday Email Devan Friday (415) 217-6944

General Accounting Services
The professional staff of Spott, Lucey & Wall, Inc. is skilled in providing general accounting services. We are adept in using various bookkeeping software programs. We have practical experience in numerous accounting roles:
  • Acting as your accounting oversight which includes watching for signs that the parent company or shareholders might be creating a taxable presence in the US (i.e. a permanent establishment or an office or other fixed place of business or "nexus" for state income tax purposes).
  • Watching for transactions that might lead to US or state withholding tax liabilities.
  • Reconciling asset balances.
  • Reconciling liability balances.
  • Reconciling intercompany accounts.
  • Preparing internal use reports such as profit loss, balance sheets, budgets, comparisons of results of operations (to budget as well as prior periods).
  • Interfacing with the parent company accounting department and parent company auditors.
  • Supervising the office manager or other internal bookkeeping personnel in use of accounting software implementation of generally accepted accounting principles.
  • Guiding the preparation sales tax reports and various stenographic reports (forms 1099, 1042, etc.), local property tax reports as well as non-tax reports (i.e. Statement of Domestic Stock Corporation, etc.).
  • Preparing or evaluating models to aid in business strategy development.
  • Assisting in the organization and operation of your business as needed.
For more information on General Accounting Services:
Ming P. Fang Resume Ming P. Fang Email Ming Fang 415-217-6909