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Reading Time: < 1 minuteSaim Akif here, your Crypto CPA from the Lone Star State, and I’m excited to share a new article we have out on Coindesk that
Reading Time: 3 minutesHello, I’m Mohammad Akif with Akif CPA. As a Texas CPA and a Chartered Accountant in Ontario, I frequently assist Canadians navigating U.S. tax requirements. One of the most complex areas for Canadians moving to the U.S. is understanding how to report their Canadian assets on a U.S. tax return. In this post, I’ll share essential insights and a crucial first-year tax filing tip to help you avoid costly mistakes.
Reading Time: 2 minutesMany Canadians who move to the U.S. wonder if they can file a tax return with their spouse. The answer depends on multiple factors, including residency status, tax forms used, and whether the spouse has a U.S. Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN). Let’s break it down.
Reading Time: 2 minuteshen it comes to tax-advantaged retirement savings, the Roth IRA is a popular choice due to its tax-free growth and withdrawals. But what happens if your income is earned outside the United States? Can you still contribute to a Roth IRA? The answer depends on how you report your foreign income to the IRS.
Reading Time: 5 minutesThis business owner is looking for a new CPA and needs help cleaning up their Quickbooks for multiple LLCs. They want to maximize tax returns, and optimize bookkeeping and operations for the next year.
Reading Time: 3 minutesThis business owner is looking for a new CPA and needs help cleaning up their Quickbooks for multiple LLCs. They want to maximize tax returns, and optimize bookkeeping and operations for the next year.
Reading Time: 4 minutesThis individual is a 1099 contractor looking to maximize tax incentives, planning to form an LLC and exploring real estate investments.
Reading Time: 3 minutesA client is pulling in $40K–$100K/month in revenue and wondering—what’s the best tax structure to maximize profits and minimize taxes?
Reading Time: 2 minutesHello, I’m Mohammad Akif from Akif CPA, and I’m thrilled to introduce a new segment we’re starting—Client Stories. In this series, we’ll share real-world issues
Reading Time: < 1 minuteWe have many crypto clients who have been impacted by the California Wild Fires, and are encouraging those who can to donate a portion of
Reading Time: 3 minuteseverything you need to know about claiming travel expenses as a content creator
Reading Time: 4 minutesDiscover trending business tax deductions for 2025, from home office expenses to travel and technology costs. Learn how proper bookkeeping and tax planning can help small businesses save money and maximize deductions.
Reading Time: 3 minutesLearn when you can deduct business clothing for taxes as a content creator, influencer, or online entrepreneur.
Reading Time: 4 minutesLearn essential tax deductions for content creators! Discover how to save money on home office, equipment, travel, and more.
Reading Time: 3 minutesLearn how the IRS evaluates tax deductions for content creators, including influencers, YouTubers, and streamers.
Reading Time: 2 minutesLearn the essential steps for your year-end bookkeeping checklist, including reports, payroll taxes, sales tax, budgeting, and finalizing financials. Maximize tax savings and plan effectively!
Reading Time: 2 minutesMaximizing Business Tax Deductions: A Guide to the Most Common Write-Offs Hello everyone, this is Mohammad Akif with Akif CPA! Today, we’re diving into a
Reading Time: 3 minutesLearn about U.S. tax requirements for Canadian e-commerce sellers, including ECI, PE, tax filing forms, and why U.S. LLCs pose double taxation issues for Canadians.
Reading Time: < 1 minuteLearn about the BOI report, a U.S. federal filing requirement for LLCs, corporations, and other entities. Understand deadlines, penalties, and how to stay compliant starting January 1, 2024.
Reading Time: 5 minutesSomething we get asked a lot is “What are the IRS tax forms that match the Canadian tax forms I’m used to”. To help, we’ve
Reading Time: 4 minutesA note: the FHSA is a relatively new account, and the IRS has yet to review, issue guidance, or challenge in anyway. So Canadians who
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For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or [email protected]
