An Employer of Record (EOR) is an entity responsible for the legal and administrative aspects of hiring employees, such as employee onboarding, payroll, and benefits management. The EOR pays taxes and handles all other legal requirements associated with employment on behalf of the employer. EORs are often used by...
Tax treaties are agreements between two countries that help to reduce the amount of taxes businesses and individuals must pay. They are important for business owners because they can provide tax relief and make it easier for them to do business in other countries. Let’s take a closer look...
Moving employees internationally is a complex process, and it’s important to weigh the pros and cons carefully before making a decision. On the one hand, international relocation can open up new opportunities for your business by expanding its reach and talent pool. On the other hand, it comes with...
FBAR is an acronym for Foreign Bank and Financial Accounts Report. Failing to file an FBAR can result in significant penalties, so it’s important to understand whether or not you need to file one. This article will explain everything you need to know about FBARs, including who needs to...
If you’re a United States citizen or hold a green card, you are expected to report and pay taxes on the foreign business income that you make each year. Depending on what type of entity you have and where it’s located, your obligations may change. Here is what you...
Talent is located all over the globe, and the pandemic caused many workers to reassess what they want from their lifestyles and move abroad. Additionally, worker shortages have led some companies to hire an employee in another country instead of hiring locally. Can US companies hire employees in other...
The pandemic has changed many things about the workplace, including making many businesses permanently hybrid or remote. As a result, many people who never considered working abroad in the past are now able to do so. If you are one of the many people thinking about packing up and...
While you might be currently living overseas, that does not mean that you are free from the tax obligations of being an American citizen. Even if you work overseas, there are still tax forms that you are required to file. One of those is known as IRS Form 5471....
Dealing with the aftermath of a death in the family is never easy, and it can get more complicated when you receive an inheritance from overseas. The inheritance may come with surprising strings attached, and it’s a good idea to plan ahead so that you understand what your tax...
Expanding your business throughout the world is enticing, as you will have the opportunity to grow and reach new markets. However, global expansion can be exceedingly difficult without proper planning and the right partners on your side. Here are some of the many different global expansion strategies that are...
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