Foreign assets can complicate your tax filings whether you are an individual taxpayer, corporation or partnership. Once you own assets above a certain threshold, you are required to file an IRS Form 8938 with your tax return to disclose to the IRS what foreign assets you have. Here’s what...
When you are presented with an opportunity to live or work overseas, it can be incredibly exciting. However, one of the biggest considerations that you need to make when moving abroad is what to do about your taxes. There’s a high chance that you won’t be making a clean...
Companies that do business internationally utilize transfer pricing so that they can spread earnings across other affiliate and subsidiary companies with ease. Every year, tax laws are adapting and creating new practices that regular transfer pricing. What should you know about changes to this international tax practice? Transfer Pricing...
International taxes can be quite complex for businesses, and it can be even more overwhelming to realize that you have inadvertently failed to report your offshore assets to the IRS. Unfortunately, there are many people who will look to take advantage of your fear and concern and cause you...
As finding excellent employees becomes even more challenging and competitive, many companies are choosing to look globally to find quality talent or have access to a broader employee base. While this can be a great thing, it can also lead to international payroll challenges that need to be addressed....
The job market today is incredibly competitive, and it is challenging to attract, recruit and retain top talent. Whenever your employees leave to go elsewhere, as is happening right now to thousands of business owners, all of the training and investments that you made in that employee are leaving...
As a business working internationally, it’s important to stay on top of the many different laws and regulations that apply to your business. Because there are constant changes being made to the regulations surrounding foreign owned companies, you should make sure that you understand the latest updates surrounding Form...
There are many differences between the tax situations that international businesses can anticipate in other countries and what they can expect when operating in the United States. One of the important things that they must understand is sales and use tax. US sales and use tax is different than...
If you decide to start a business in the United States, you can organize the business without regard to the citizenship of the business owner and choose from a range of legal entities. When companies from overseas create a business, the most commonly-used type of entity is a business...
The United States government is making a significant push for a corporate global minimum tax rate, which could introduce sweeping changes to international tax law for the first time in decades. As an international business, it’s critical to understand how this global minimum tax might impact your operations and...