Blog Archives
Reading Time: 3 minutes Whether you work with a CPA who provides you with monthly and annual statements, have an in-house accountant or bookkeeper, or are an individual engaged
Reading Time: 4 minutes Each tax season, many business owners and individuals discover they owe the IRS late filing penalties and/or late payment penalties. But, more often than not,
Reading Time: 6 minutes With the year coming to a close, interest rates shifting, and layoffs hitting the tech industry, the turn into 2023 is proving uncertain as ever.
Reading Time: 3 minutes Do you have a bank account, investment or security assets in a foreign country? Do you know by law every US Person (US Citizen, US
Reading Time: 7 minutes Even though many of us only consider paying taxes once a year as everyone is accustomed to doing so, not everyone does. Did you know
Reading Time: 7 minutes If you’re reading this article, you’re probably already interested in outsourcing accounting for your business, which means that even if you don’t know exactly what’s
Reading Time: 7 minutes You might have read and enjoyed our recent article on the Top 5 Reasons People Change Accountants, and while it’s great to know what we
Reading Time: 5 minutes When a client hires an accountant, they want to feel that they are important and a priority for their accountant, but many times people make
Reading Time: 3 minutes What is Foreign Tax Credit? As a US citizen or US permanent resident tax payers receiving earnings from foreign countries or US possessions, you may
Reading Time: 4 minutes What Qualifies as a Business Trip?
Reading Time: 5 minutes Success for small businesses and startups alike depends on effective financial management and having someone dedicated to that process. Following accounting best practices and employing
Reading Time: 4 minutes Halfway through the year, it will be time to once again get ready for crypto taxes. Paying taxes on your bitcoin can occasionally be a
Reading Time: 4 minutes What is Dual Status? If you are a resident alien AND a non-resident alien within the same tax year* then you achieve dual status.
Reading Time: < 1 minute Yes, and let me tell you why and how. There are many negative consequences associated with unpaid taxes, especially if they have been building up
Reading Time: 5 minutes An element of the American Dream is home ownership. There is something unique about exchanging a lease for a deed, regardless of whether you want
Reading Time: 5 minutes Digitally native international online marketplaces like Amazon and Shopify, as well as established brick-and-mortar shops that have increased their e-commerce like, Target and BestBuy, have
Reading Time: 6 minutes Are you delivering your goods to customers in Canada? Do you intend to increase your sales and marketing in Canada? Do your staff occasionally sell
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Reading Time: 6 minutes Investments in physical capital, human capital, and research and development (R&D) have various tax implications. Tax credits are available for R&D expenses and they are
Reading Time: 6 minutes The price of a training program is deductible as an employee expense. Your current skills or qualifications that are related to your employment must be
Reading Time: 4 minutes The e-commerce industry encompasses the online sale of tangible commodities to individual consumers (B2C). This justification covers transactions completed on desktops, laptops, and portable smart
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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