Every day more and more foreigners are setting up new businesses all across the United States. Many investors are looking to take advantage of the world’s largest integrated market! Setting up a business in the Untied Stated can seem rather challenging at first. But with proper guidance from a professional CPA, those challenges can be…
Reviewing a company’s margins is an insight of how profitable the company is and what the risk of doing business is. If your goal is to invest in other businesses or you are seeking investors for your own business reviewing the profit margins should be done first. According to Chron, the profit margin is simply…
In today’s world fraud is all too common. It seems that nearly everyone can remember when they heard about a scandal involving fraud. Most fraud scandals that make the news headlines are large corporations. So, it makes perfect sense that a small business owner would not consider their business for being at risk of fraud.…
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. Misplaced Talent Not everyone is comfortable with accounting or good with numbers, but an accountant…
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 financials in order, you can hire an accountant that to take the load off 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 logical decision. In reality, it can be devastating to a new business. Managing a company’s…
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. The success of your business cannot be determined by how great of an idea you…
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 substantial tax, but there may be ways to avoid it. Purchasing Real Estate as 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 the United States. US citizens and residents living and working outside the United States are…
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 Foreign Bank and Financial Accounts (FBAR) electronically every year. For 2015, the FBAR deadline is…
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