Two construction workers in safety vests and helmets standing by an excavation site with heavy machinery.

How WBL Helped One Company With Bold Expansion from the UK to the US   


Our client, a prominent contractor originating in the UK, embarked on an ambitious expansion to the US three years ago. Initially beginning as a startup in the US, they required comprehensive assistance from WBL CPAs + Advisors to establish their operations.

How We Helped

WBL played a crucial role in facilitating their expansion. The support included:

  • Accounts Payable: Processing vendor invoices and related payments, primarily using Bill.com

  • Accounts Receivable: Creating customer invoices and related posting of cash receipts

  • Account Reconciliation: Ensuring all balance sheet accounts are reconciled and income statement accounts are reasonable by the 5th business day of each month to meet international reporting requirements.

  • Banking: Connecting the company with our banking relationships, preparing monthly bank reconciliations, and monitoring cash flow.
  • Fixed Asset Recording: Keeping accurate records of the growing list of assets and their depreciation schedules.
  • GAAP Audit Support: Providing information and answering questions from the independent audit teams in the UK and US
  • Income Tax Return Support: Providing detailed information to our tax department so they can prepare timely and accurate federal and state income tax returns as well as disclose proper foreign-related transactions.
  • International Financial Statements: Collaborating with UK parent company to integrate US financial statements into the consolidated financial statements.
  • Inventory Tracking: Assisting in tracking inventory of construction materials in multiple states.
  • Payroll: Processing weekly payroll for employees and preparing certified payrolls, as required by certain US Department of Transportation contracts.
  • QuickBooks Online Setup: Ensuring that financial reports in the US mirror those in the UK for consistency.
  • Sales Tax Accounts: Establishing sales tax accounts in multiple states with varying filing requirements and schedules.


Supporting Operations

Under the leadership of their US leader who reports to the UK entity, our client has expanded its footprint across 15 states. This expansion necessitated specific state reports and involved contracts in 15 states, including significant operations in Alaska and South Dakota. Additionally, WBL helped build a budget for US operations and continuously monitored bank account balances to ensure financial stability. In the last year, they have expanded from 1 large crew to 3 large crews that work on various projects around the country.

Challenges and Communication

One of the biggest challenges faced was setting up and obtaining background for tax accounts. Despite these hurdles, regular communication has been key to their success, with twice-weekly calls and daily emails ensuring smooth operations and prompt issue resolution.

As they continue to grow, WBL Client Accounting and Advisory Services will be with the company every step of the way, helping to facilitate their expansion and making sure all financial regulations are followed correctly.

Learn more about our Client Accounting and Advisory Services, and how we can support your business.

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