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Yes, yes & YES! Yes, you do need a bookkeeper, even if you have Quickbooks or another software that assists you with your books.  We understand the importance small businesses may emphasize in saving money where they can in the beginning, however, certain decisions are not the safest routes. The accounting software choice and how… Continuar lendo Do I need a Bookkeeper and/or accountant if I have Quickbooks or another accounting software?

You will be considered a United States resident for tax purposes if you meet the substantial presence test for the calendar year. To meet this test, you must be physically present in the United States (U.S.) on at least: Example:You were physically present in the U.S. on 120 days in each of the years 2019,… Continuar lendo Substantial Presence Test

A Limited Liability Company (LLC) is a business structure allowed by state statute. Each state may use different regulations, which can be verified with the state directly if you are interested in starting a Limited Liability Company. Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals,… Continuar lendo Taxation Structures for LLC’s in the US

Tax Tips for Resident and Non-Resident Aliens Even if you’re not an American citizen, if you live in the United States or spend a significant amount of time there, you still need to pay U.S. income tax. Resident or non-resident alien How does the IRS decide your Fiscal U.S. Residency status? In a nutshell there… Continuar lendo US Tax Payer Types

Did you know that without a tax planning strategy you can be one of the 2.2 million taxpayers that filed utilizing standard procedures and over paid taxes close to $1 billion? Although we all heard at some point in time that the US Taxation system provides taxpayers with innumerous tax benefits, the vast majority of… Continuar lendo Benefits of effective tax planning

Accounting is important for small business owners as it helps the owners, managers, investors and other stakeholders in the business evaluate the financial performance of the business. Accounting provides vital information regarding cost and earnings, profit and loss, liabilities and assets for decision making, planning and controlling processes within a business. The main objective of accounting is to… Continuar lendo Why is Accounting Important?