The Tax Preparation Blog

Archive for the ‘Tax Services’ Category

Question: Online business? I have to pay taxes if working from another country?

I have an online business working from Argentina (South Amercia) to Australia and England offering a service of tech support online. I will like to offer this service in the USA as well. The people that will use the service have to pay by credit or debit card with paypal. I will like to know if have to pay taxes or not as I am not a resident of the US and if i have to have any business certification??. How can I do all this??.
Thank for your help!.

Answer: Assuming that you are not a US citizen, there are no US taxes due as long as your service is provided from outside of the US.

Air NZ’s Virgin stake falls foul of foreign ownership rules

Feb. 21 (BusinessDesk) – Air New Zealand Ltd. will have to dump a small portion of its stake in Virgin Blue Holdings Ltd. after an independent report found the airline’s shareholding breached Australia’s foreign ownership rules.

Gerry Harvey – Online shopping v GST retail sales – PART 1

2011 BOB Award Winners

We at New Hampshire Business Review are delighted to welcome you to see the results of our fourth annual BOB Awards, honoring the Best of Business in New Hampshire for 2011.

YYCCC 2010-12-06 Calgary City Council – December 6, 2010

Question: What Are The Laws Regarding Offshore Banking / Merchant Accounts / Tax?

I am currently starting up an internet business. I know that there are a lot of risks when working online, especially in the area of fraud and people using stolen CC details etc.

Due to these risks I am going to signup for a High Risk Merchant Account.

This will be more leniant in the way of chargebacks and my funds wont simply get frozen if I get a few chargebacks unlike banks within the UK where there are close to none High Risk Merchant Accounts.

Is it legal to have an offshore merchant account within tax laws and simply the case of having the account?

Answer: I don’t know this type of account but it is certainly lawful to have any type of account you want, wherever you want it. Any profits in that bank account need to be included in your business accounts for tax purposes, of course.

Harper gov’t answers to accusations against Oda

The Conservative government addressed allegations Friday that a cabinet minister altered a document and then misled Parliament about a decision not to fund a foreign aid agency.

Avoid Online Dating Scam!

Solar Observing and Night Skywatch April 9th

The Carroll County Singers will be performing their Spring performance entitled “Jesus Remember Me.” The performance will be held Saturday April 16th at 7 p.m. and Sunday April 17th at 2 p.m. at First Evangelical Lutheran Church 301 S. Clay St, Mt Carroll, IL.

Question: Having your taxes completed and signed by a tax preparer vs yourself?

Lets say an individual has done his/her homework and can proficiently complete his/her own small business taxes using one of the tax softwares out there. Does it make any different to IRS if the taxes are also signed by a tax preparer/CPA ? Does the signature of a tax preparer decrease the chances of being scrutinize or audited ?
Please answer honestly and not just because you’re a tax professional.

Answer: The IRS computers are not programmed to see if a return was self prepared or professionally prepared. If you are audited, then it matters.

John Wiley & Sons Announces Third Quarter Fiscal Year 2011 Results

John Wiley & Sons, Inc. :

Denver Bookkeeping CPA – Buying Vs. Leasing a Vehicle For Your Business