While managing your own accounting may seem like the perfect solution to save your company money. It may actually stunt the growth of your potential earnings. In fact, poor financial management is one of the main reasons a business fails.…
While managing your own accounting may seem like the perfect solution to save your company money. It may actually stunt the growth of your potential earnings. In fact, poor financial management is one of the main reasons a business fails.…
It seems that tax season is always around the corner! For many business owners, tax time is a dreaded time of the year. Even more so, if you are not prepared for it. Instead of scrambling to get all your…
In the beginning stages of a new business, it is common for a business owner to try to save money by managing the financial records themselves or by requiring a staff member to maintain them. This may seem like a…
Starting a small business can seem overwhelming, but actually doing it and succeeding is empowering. Many small businesses are popping-up all over the world. Entrepreneurs start their small business with a dream for success but not every entrepreneur is successful.…
If you are not a U.S. citizen but plan to invest within the United States, it is imperative that you understand the United States Tax Rules and Regulations and how it will affect you. Foreigners are required to pay a…
If you are, then this information definitely pertains to you. Apart from domestic earned income, the United States also taxes income earned from foreign countries. The IRS provides a deduction on taxable income for US citizens living and working outside…
People that have a financial account or are a signature authority over a financial account in another country that exceed certain thresholds are required by law to report these accounts to the Department of Treasury by submitting a Report of…
The United States has taxing authority over some foreign corporations which have U.S. citizens or Greencard holders as officers, directors or shareholders even if such foreign corporations don’t have permanent establishments in the U.S. or don’t have any income sourced…
If you do then it may be necessary to report this income on a U.S. tax return. Most foreign countries have a guideline that requires you to include a report all personal and business assets in the tax return. With…
For 2015, the deadline of June 30th, 2016 is just around the corner and penalties can be severe. The U.S. Internal Revenue Service (IRS) has been aggressively pursuing tax evaders and taxpayers involved in wrongful transactions in foreign countries. The…