Posts Tagged ‘Tax compliance’
OBBB Act and Section 174: To Amend or Not to Amend
Summary: The One Big Beautiful Bill (OBBB) Act returned immediate deductions of domestic R&D costs, and it also gave small businesses an important new choice: to amend and apply those deductions retroactively, or not to amend. When the OBBB Act created Section 174A to make domestic R&D costs immediately deductible once again, it also created…
Read MoreGlobal Mobility: Year-End Payroll Considerations – What You Need to Know
At a glance Schedule a consultation The full story: It is important for all businesses to perform a year-end payroll review for accuracy and compliance purposes — but the practice is especially critical for those with globally mobile workforces. Your year-end payroll review should incorporate all foreign tax payments, assignment related allowances and adjustments, for…
Read MoreU.S. Expatriation Tax and Form 8854: Planning Ahead for Exit Tax Compliance
At a glance Schedule a consultation The full story: The individual U.S. expatriation tax is for U.S. citizens or green card holders. This is for long-term residents who have been green card holders for a minimum of eight of the prior fifteen years and U.S. citizens who are formally relinquishing their citizenship or green card…
Read MoreGlobal Mobility 101: Your U.S. Expat Work Abroad Guide
At a glance Schedule a consultation The full story: Deciding to take on an international assignment is an exciting opportunity that may make or break an employee’s career and the employer’s representation, depending on how well it is executed. The excitement of being a U.S. expat on a global mobility assignment also comes with proper…
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