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Blogs by Loren Sweigart


Opening a U.S. Subsidiary Is Still Possible During COVID-19

July 2, 2020 / by Loren Sweigart posted in Santa Monica, Bookkeeping Services, Los Angeles, Ventura County, Business Continuity

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Although COVID-19 has created obstacles for overseas companies to set up U.S. subsidiaries, it has also presented possible opportunities to pursue.

The coronavirus pandemic has had a catastrophic impact on the world's economy, with some sources forecasting a decline of up to 8.8% in global GDP this year. In addition, ongoing travel restrictions prevent entry to the United States from many countries, which may have disrupted plans at some international companies to open subsidiaries here. (As a general rule, opening a U.S. subsidiary requires obtaining a U.S. bank account, which must be done in person.)

Even so, there are glimmers of optimism amid the gloom. The pandemic has also revealed new opportunities, especially for companies that specialize in technologies that enable e-commerce, telemedicine and remote learning. For international companies in those fields, the U.S. market could be more receptive than ever. Here's what you'll need to know about starting a U.S. subsidiary.

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Bookkeeping and Back-Office Support for Modern Architects

May 1, 2020 / by Loren Sweigart posted in Santa Monica, Bookkeeping Services, Los Angeles, Ventura County

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A local IT expert, Holden Watne from GenIX, caught our eye with his recent blog post, "Embracing Technology for Greater Productivity in the Architecture Industry."

We see obvious parallels here. Since 2004, Supporting Strategies has embraced the power of technology for greater productivity in bookkeeping and back-office support. Just as modern architects have moved beyond drafting tables and cumbersome physical blueprints and into the digital realm, leading outsourced bookkeeping service providers leverage cloud-based software tools to reduce paperwork and increase efficiencies.

Let's look at the many ways in which outsourced bookkeeping services are a perfect fit for forward-thinking architecture firms.

By Promoting a More Efficient Use of the Architect's Time
Modern architects juggle multiple projects and responsibilities. They'll embrace solutions that enhance their mobility and let them collaborate seamlessly with clients and key team members from the office, job sites and home.

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