Miami Business & Tax consultants
Miami Business & Tax consultants
Favorable tax laws and low barriers of entry, the United States is an amazing place to go to grow and expand your business. With the new changes in tax law, the Corporate tax rate in the US is now 21% and there are many ways to repatriate profits without paying tax in the US.
If you have a mature market in your home country, expanding to the US gives you the opportunity to share your proven product or service to a new market full of consumers that are ready to buy. If your business is plagued by market fluctuations in your home country, expanding to the US is another option to provide stability to your business.
Per diem rates have been updated for FY 2022 and are effective October 1, 2021. These allowances substantiate the amount of ordinary and necessary business expenses paid or incurred while traveling away from home and include lodging, meal, and incidental expenses, as well as meal and incidental expenses only.
If you’re a savvy investor, you probably know that you must generally report as income any mutual fund distributions, whether you reinvest them or exchange shares in one fund for shares of another. In other words, you must report and pay any capital gains tax owed.
The United States has a progressive tax system. The more money you earn, the higher your tax rate is and the more taxes you pay to the IRS.
