There are a lot of moving parts to this question. First, you need to determine in which states you have "nexus" and then determine do those states require you to charge sales tax, as each state has different rules. As an example, MA requires salesforce.com to charge sales tax to MA customers bu...
Generally, no. If you're a U.S. based company, you may outsource the development of your software development projects, or the creation of your intangible property. Payments made to non U.S. persons or companies that are performing the work outside of the U.S., should provide you a Form W-8BEN ...
Great question. Check out this link: http://www.irs.gov/uac/Do-I-have-to-File-a-Tax-Return%3F PLEASE go speak to a professional about this. You might call one of the tax dudes here on Clarity (go figure...). In the past I have always filed a return -- even if taxes were not owed. It buttons t...
There are only tax implications for the business in it's domicile of jurisdiction (where the business is organized). Contractors in US will have US tax implications, if they actually reside in US. If they live outside US, for more than 330 days/year, they qualify for the Foreign Earned Income Ex...
The return is due March 15 for the previous year. Your S-corp doesn't pay taxes, it files a form 1120S informational return. The 1120S produces a form k-1 that states your share of the companies income and other items. You report that k-1 on Schedule E of your Form 1040 in April. You have to file...
I am not an accountant, but I do have a good understanding of this concept. It works like this. If you are self employed there is a slef employment tax on all your income of 15%. This essentially goes toward social security and Medicare. So let's say you make $100k in profit that means it's $...
I presume you mean "controlled foreign corporation" regulations. Many different countries have their own CFC regulations including Australia, the USA, etc. These laws essentially create a situation where the company needs to abide by the rules of multiple jurisdictions, and not just the one o...
I will answer this is the simplest form I can. Basically in every country to conduct business in you will need to pay taxes in that country. If you have an office, employees or your revenue comes from that country you have to pay taxes. These taxes will include State, Federal and Sales Tax. Moreo...
You'll approach this by working with a Tax person in each jurisdiction. Note: This only applies if you have a brick + mortar location, along with exact organization of the business. Tip: Making mistakes can be costly. Don't believe any "experts" besides in-country Tax people.
http://www.nyc.gov/html/dof/html/business/nys_sales_tax.shtml cleaning - city an state =8.875%