11/20/2024
Given the flexibility and autonomy it offers, it’s no wonder that so many expats are small business owners, freelancers, independent contractors, or otherwise self-employed. But even though self-employment comes with benefits, it can complicate your tax obligations. Those with self-employment income are often subject to additional filing requirements, like Schedule C. While it might all […]
09/20/2024
Starting a business overseas may seem daunting — but it can bring major benefits. For high-earning, self-employed American expats in particular, registering a US-based C corporation and a Controlled Foreign Corporation (CFC) can lead to major savings on their US tax bill. Before you rush to file your articles of incorporation, though, you’ll want to […]
04/21/2024
Depending on your goals, the right business structure can help you reduce administrative burden, facilitate company growth, or shield you from personal liability — as well as have major tax benefits. If you’re a self-employed US expat, you may have wondered about the differences between the three most common options: LLCs, S corp and C […]
04/19/2024
Whether you’re running a business from your US home or while living abroad, buckle up. There’s a new document in town you’ll need to fill out—the Beneficial Ownership Information Report (BOIR). It sounds fancy, but think of this report as a way to introduce yourself and your business partners to the US government. Why the […]
07/28/2022
Earning a promotion is exciting – and accepting a new position overseas can be even more thrilling. Living in a new country grants you the opportunity to explore new places, soak in new cultures, and maybe even learn another language. But before you accept that job offer abroad, it’s important to weigh all of your […]
06/30/2022
Living abroad as a US expat can open you up to new opportunities – particularly when it comes to your career. Depending on your future goals, you may even decide to go into business for yourself. If you do, it’s important to understand how forming your own foreign corporation can impact your taxes, particularly with […]
06/16/2022
The COVID-19 pandemic has made many US expats rethink what they want out of life. During a time of travel restrictions and isolation, some expats realize that coming back home to be close to family and friends is what they value most. It was the case for Louisiana native Chara Richterberg, who until March of […]
05/03/2022
Globally-minded US entrepreneurs, location-independent contractors overseas, and freelancers abroad are trailblazers with unique tax needs: To understand how to file taxes for self-employed expats. Before any self-employment taxes (sometimes referred to as “SE tax“) are filed though, you’ll want to ensure that your global US tax strategy is maximum efficient. To accomplish this, you’ll need […]
08/02/2021
If you’re a US expat with your own business, you’ll want to read up on Form 8832: Entity Classification Election. With this form, you can choose how the government classifies your business for US federal tax purposes. Understanding the implications of Form 8832 can help you determine the best tax strategy for your business — […]
06/10/2021
At a summit on Saturday June 4 2021, the G7 group of countries agreed to establish a global minimum corporate tax rate, as well as a common way to tax the biggest international digital services companies. Background In the digital age, companies can sell services online in other countries without having a physical presence there. […]