US TAX

Personal Taxes

U.S. Personal Taxes

U.S. personal tax can be complex. The ever changing tax regulations poses more challenges to tax filers. Navigating through the process can be overwhelming, especially considering the substantial penalties for late-filed forms. Tax filers must diligently handle their annual filings to avoid undesirable consequences. Whether it’s a standard return or a complex tax situation, Tax Masters is here to provide comprehensive assistance for all your compliance requirements.

Corporate Taxes

U.S. Corporate Taxes

With ever changing corporate tax laws, working within the tax structure is getting complicated continuously. The situation gets more complicated when a non resident owns or is involved in US corporate structure. Tax Masters will help you navigate through the complex US corporate taxes and help you building sound tax structures.

F.A.Q

Frequently Asked Questions

Doing Business in the US & Sending Employees Across the Border?

Sending Employees to the U.S.

Establishing U.S. nexus can occur through various means, such as opening a new office, having salespeople signing contracts in the U.S., or employees working abroad for a certain duration. Before sending your first employee to the U.S., it is crucial to schedule a meeting with TaxMasters. We will ensure that you are well-informed about the applicable rules and regulations, helping you avoid any potential tax complications that may arise. Make informed decisions and mitigate risks by consulting with TaxMasters before creating any significant tax obligations.

GILTI Tax Compliance & Planning

The introduction of the U.S. Global Intangible Low-Taxed Income ("GILTI") tax as part of the comprehensive 2017 tax reform aimed to prevent multinational companies from evading U.S. taxes by shifting income to low-tax jurisdictions using intangible assets. However, this new tax does not solely impact large corporations. U.S. individuals with ownership in foreign corporations may also face potential GILTI tax liabilities. Navigating the intricacies of this tax and implementing effective strategies to minimize GILTI tax exposure require expert guidance. If you suspect you have a GILTI-related concern, contact Tax Masters Professional Accountants Inc, and we will assist you in implementing the appropriate tax strategy.