The IRS offers a way for expats to avoid paying two levels of tax on the same income. Provisions that enable this are the foreign tax credit and certain...
Expats who have foreign financial accounts may need to look into FBAR requirements. If they meet the eligibility criteria, they must file an annual informational return. Failing to do...
It is a harsh reality that the impact of COVID-19 on small businesses is devasting. The small business owners due to the shortage of cash flow have been forced...
Canada is the land of multiculturalism, immigrants, and one of the most inclusive countries in the world. To greener pastures, as they say, welcome to Canada! Therefore, we decided...
If you are a U.S. national who is residing outside of the country, you may find yourself facing a tricky situation surrounding the taxes on your earnings. As per...
As one of the most complex tax situations that you could find yourself in, figuring out the way to report earnings as a non-resident alien of the United States...
When taxpayers earn passive income from foreign investments, they often have to file Form 8621. This is the main tool for reporting earnings from PFIC companies where the taxpayer...
As of 2016, there were roughly nine million Americans living in foreign countries. These were individuals pursuing professional careers or personal objectives in areas far outside the nation’s borders....
Is your Toronto based business on the brink of financial distress? Are you thinking of officially closing your Toronto business and claiming bankruptcy? Do you owe a lot of...
Every business needs proper record keeping and accounting because, without proper record keeping, your business will not hit the heights you want to achieve. To make it possible, one...