Many Americans have foreign bank accounts that they will hold their money in. Other countries will offer some attractive interest rates and other benefits that make these a great option...
Planning for outbound transactions...
Posted by The Accounting and Tax on 02/11/2016
Taxes will always be a headache. No matter how familiar you are with the tax laws you will never really be up for Caesar's gnawing demands. The Brian Walsh in Mahwah NJ, we know how...
Currency translation issues:Foreign branches and subsidiaries keep their books and records in the currency of host country.Parent companies in USA are required to compute their taxable...
Posted by The Accounting and Tax on 01/27/2016
If you’re looking to save money this tax season, itemizing deductions claimed on your taxes can the way to go. One problem that we see often is that because there’s often SO many...
Tax Write OffsMillions of tax payers over pay their taxes every year because some of them are unaware of the tax deductible elements while a few of them overlook the items. But as...
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016
A general rule for tax planning for dividend repatriation includes cross-crediting, minimizing foreign withholding taxes and considering alternative methods of repatriating earnings. Cross-Crediting If...
Posted by The Accounting and Tax on 01/06/2016
One Step at a Time,Every Big Enterprise Starts Small Opening up the business of your choice is not a walk in the park. It is not enough...