New York City
Miami
Genova
Roma
VSCIUTTO CONSULTING LLC

Certified Public Accountants and Tax Advisors

Boutique U.S. CPA firm providing corporate tax, assurance, and advisory services to companies with operations in the United States. We have particular experience working with businesses owned by Italian Groups.

Parliamo italiano · We speak English Serving Italian-owned businesses across all 50 U.S. states
About the firm

Supporting international groups with U.S. tax, accounting, assurance, and reporting

We are a U.S. CPA firm supporting corporate groups and internationally owned companies with operations, subsidiaries, or sales in the United States. We have extensive experience assisting Italian-owned businesses, but our work spans multiple industries and ownership structures.

The practice is led by Valerio Sciutto, a Certified Public Accountant licensed in the State of New York (License No. 121445, NYSED registered). A New York CPA license authorizes practice across all 50 U.S. states. Valerio's background includes audit and transaction services experience at a Big Four firm, followed by several years in public accounting practice serving Italian-owned businesses in New York, and senior Finance Director roles at U.S. subsidiaries of Italian industrial groups — providing both technical depth and operational perspective when advising on U.S. tax, accounting, and reporting matters.

We serve both companies entering the U.S. market and established U.S. subsidiaries that need reliable ongoing support — from annual tax compliance and audit engagements to year-end close, sales tax filings, and management reporting to the Italian parent.

What makes the practice different

A combination of hands-on CFO experience and technical U.S. tax knowledge, with a clear focus on Italian-owned businesses that need practical, reliable support rather than generic advice.

Italian-owned U.S. subsidiaries Cross-border tax Manufacturing & e-commerce U.S. GAAP & management reporting
Services

Services for U.S. entities with international ownership

U.S. tax compliance

Corporate income tax return preparation (Forms 1120 / 1120-S / 1120-F), tax planning, international tax compliance (Form 5472, tax treaties), multi-state taxation, and basic transfer-pricing documentation for U.S. entities.

Form 1120 Tax Treaty Form 5472 International tax

Multistate nexus & sales tax

Assessment of economic and physical nexus across U.S. states, recommendations on registration and compliance strategy, and coordination of sales-tax obligations for subsidiaries and e-commerce operations.

Nexus analysis Sales tax E-commerce

Audit & assurance services

Standalone U.S. GAAP financial statement audits and reviews for privately held U.S. subsidiaries. Also preparation of IFRS reporting packages and component auditor engagements under the instructions of Italian group engagement teams — including coordination with Big Four and other group auditors.

Compilation U.S. GAAP/IFRS Audit/Review Group reporting package Component auditor

Fractional controller / CFO support

Part-time financial leadership for U.S. subsidiaries that require senior finance support — budgeting, cash-flow planning, cost analysis, KPIs, and ongoing coordination with management.

Budgeting Cash-flow Cost analysis KPIs

Start-up & expansion to the U.S.

Assistance in choosing the appropriate entity type, coordination with legal counsel, initial registrations, structure of intercompany flows, accounting setup, and establishment of payroll and financial systems from day one.

Entity selection Set-up First-year support

Accounting and bookkeeping services

Full bookkeeping and accounting support, including specific projects such as accounting migrations, preparation of reports and documentation required by Group reporting.

Bookkeeping Reporting Accounting support
Who we serve

Italian groups and entrepreneurs with U.S. operations

We work primarily with Italian-owned businesses that sell, manufacture, or invest in the United States. Clients range from early-stage U.S. subsidiaries to established operations with significant U.S. revenues — across a broad range of industries where Italian groups have a strong presence in the American market.

The goal is to simplify U.S. tax, accounting, and reporting so that management in Italy can focus on strategy and growth rather than compliance details.

Luxury fashion & accessories
Furniture, interior design & retail
Food & bakery
Manufacturing & industrial
Medical devices & diagnostics
Logistics & freight
Hospitality & hotels
Restaurants & food service

Typical client situations

  • Italian group opening or restructuring a U.S. entity and needing a trusted local CPA.
  • Established U.S. subsidiary looking for a specialist CPA to handle annual tax returns (Form 1120), sales tax filings, audit engagements, and ongoing accounting support.
  • Existing U.S. subsidiary that has grown and now faces multistate nexus and new compliance obligations.
  • Italian entrepreneur using U.S. warehousing or e-commerce channels and unsure about U.S. tax exposure.
  • U.S. operations that require CFO-level guidance but are not yet ready for a full-time hire.
How we work

A clear, structured process

Every engagement starts with understanding your current structure, objectives, and deadlines. From there, scope and pricing are agreed before any work begins.

1

Discovery & alignment

We review your structure, objectives, and existing processes to understand where support is needed and what outcomes matter most. This ensures proper alignment before preparing a proposal.

2

Proposal & scope

A written outline of scope, deliverables, timelines, and fees — tailored to whether the engagement is a one-off project or an ongoing mandate.

3

Onboarding

Secure access to accounting systems and documentation, along with a concise list of information required from your team to begin work efficiently.

4

Execution & follow-up

Work is performed according to the agreed scope, with clear deliverables and scheduled follow-up discussions to review conclusions and next steps..

Insights

U.S. tax & accounting notes

Short technical notes on U.S. tax, accounting, and cross-border matters relevant to foreign-owned U.S. companies.

U.S. Expansion
How an Italian Company Sets Up Operations in the United States
Entity formation, tax registration, banking, intercompany agreements, and the first-year compliance calendar.
U.S. Corporate Taxation
How a U.S. Subsidiary of an Italian Group Is Taxed
Federal tax, state tax, treaty relief, withholding on dividends, and reporting obligations.
Entity Selection
LLC vs Corporation: Which Is Right for an Italian Company?
Tax implications, treaty benefits, banking considerations, and common entity selection mistakes.
IRS Reporting
Form 5472: What Italian Companies Need to Know
Who must file, what transactions are reported, the $25,000 penalty, and common mistakes.
State Taxation
State Nexus: When You Owe Taxes in Multiple U.S. States
Physical and economic nexus, income tax, sales tax, payroll obligations, and how to manage multi-state compliance.
Transfer Pricing
Transfer Pricing Basics for Italian Groups with a U.S. Subsidiary
Arm's length standard, documentation requirements, IRS enforcement, and coordination with Italian tax advisors.
E-Commerce & U.S. Tax
Selling on Amazon or Shopify from Italy: U.S. Tax Traps
How selling into the U.S. without an entity creates sales tax, income tax, and reporting obligations for the Italian company.
Compensation & Withholding
Directors' Fees and Italian Executive Compensation in the U.S.
Tax treatment of board fees, secondment arrangements, and dual-role compensation under the U.S.–Italy treaty.
U.S. Corporate Taxation
Form 1120: The U.S. Corporate Tax Return for Italian-Owned Companies
Who must file, deadlines, extensions, foreign-owned reporting requirements, and the most common mistakes Italian groups make.
Audit & Assurance
Audit and Reporting Packages for U.S. Subsidiaries: What Italian Group Auditors Require
Standalone U.S. GAAP audits, component auditor engagements, IFRS reporting packages, and coordination with Big Four group auditors.
Frequently Asked Questions →

Ready to discuss your U.S. tax or accounting needs?

Schedule a free 30-minute introductory call — or send us an email. We respond in English and Italian.

Schedule a 30-minute call Email us