4.3.1 (a) Residence of IndividualsUnder U.S domestic tax law, all individuals are subject to U.S tax, unless specifically exempted.U.S citizens are subject to U.S. tax on a worldwide...
4.5.2 [a] New Tie-Breaker RuleIf a particular company is a resident of both Canada and the United States, the language of new Article IV(3)[a] provides that where a company...
Starting a new business can be an exciting time in your life. You have put a lot of time and energy into the business and you want to make sure that you have it all in order. One of...
When it comes to choosing the type of set up for your business, there are pros and cons to a limited liability company and a partnership. However, an S corporation or S corp can provide...
Self-employment can be seen as an important part of financial freedom, as well as freedom from the standard 9 to 5 employment. However, the traditional benefits of an employer versus...
You have a great idea for a business, and you can’t wait to get started! Knowing where to start, however, is tricky. Choosing a business entity can be complex and confusing....
While closing a business can be an emotional time for a small business owner, it can also be equally full of multiple administrative tasks. The IRS itself has numerous requirements,...
Starting your business is a big deal. You came up with the idea, found the funding that will get it off the ground, and are excited to get going. But before you can open the doors,...
Many individuals have seen the benefits of becoming self-employed, such as being better able to define your work-personal life balance. Yet there are a variety of expenses that you...