If your concern is from an ethical standpoint or a concern over a segregation of duties, there is no problem at all having your tax person handling your bookkeeping. The bigger issue is something that few people understand about accountants. There are different specialties within accounting, a...
Yes, the IRS does recognize their role as non-profit volunteers and I'll list some of what they can deduct from their taxable income. They can choose between deducting gas/oil used or mileage. If they don't have their own transportation they can deduct subway, bus, or taxi fare. They can also ded...
Use company card for any mileage that you are driving for business purposes. It'll make tracking and end-of-year reporting much simpler. You may not, however, use the mileage you drive to and from your office (the IRS labels that as commute mileage) as a tax-deductible business expense.
Disclaimer: THIS IS NOT LEGAL ADVICE. Either options would work great. A few things to consider: 1. Tax consequences of each (this is likely the biggest factor in your decision). 2. Stock grant purchase price is it consistent with your hourly/project rate. 3. I would recommend the stock be issu...
Thanks for your question, it is very interesting and a question our client often have. I am an international business lawyer and often have to deal with this kind of situation. To answer your question briefly, in general principles, your business is resident where is located your head office (wh...
There are plenty of solutions for starting an eCommerce site with WordPress. However, the best solution for you will depend on what exactly you are selling. If you are selling physical goods that will be shipped, it's hard to beat WooCommerce. If it is overkill for your needs, you can customize...
I would suggest Ireland. The workforce is educated and hard-working. They speak English, which is critical for international work. Very favorable tax structure.
There are three angles to look at this structure from: 1) Is it the best way to set things up to hold your investment from a legal perspective? 2) Is the it the best way to minimize your taxes? and 3) Is the best way to set things up from an accounting (i.e. bookkeeping) perspective? In your q...
To open an e-commerce unit you need to select your product first, before selecting the country. Then, if you have made up your mind up that India is where you are going to import from, then you will need to figure out where you are importing to. If you are importing to the United States, then you...
Great question! I had a similar one this week after finding out the last person I used didn't submit my 2021 taxes. I would do a quick google search for experts in your area, or ask any friends if they know someone they trust. You can also try turbo tax, but they won't be able to help you write o...