Tax-international

Which is the history of Tax International?

admin — Mon, 18 May 2009 18:44:55 +0000

Established over 15 years ago, the practice comprises lawyers, accountants and tax advisors, all of whom have a passion for international taxation and take a genuine interest in helping international clients achieve their goals.

The central idea was to create a genuine and specialized international tax firm.

I have a US company. For how long I have to keep my tax documents?

admin — Sat, 16 May 2009 15:43:52 +0000

US Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they’re safe provided they retain their documents for this period of time.

However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit.

Which US business document I have to keep for one year?

admin — Wed, 18 Mar 2009 23:24:24 +0000

Requisitions
Stenographer’s Notebooks
Stockroom Withdrawal Forms
Correspondence with Customers and Vendors
Duplicate Deposit Slips
Purchase Orders (other than Purchasing Department copy)
Receiving Sheets

Is there any US company records I have to keep forever?

admin — Tue, 17 Mar 2009 13:23:17 +0000

While federal guidelines do not require you to keep tax records “forever,” in many cases there will be other reasons you’ll want to retain these documents indefinitely. This is a list in alphabet order:

Audit Reports from CPAs/Accountants
Cancelled Checks for Important Payments (especially tax payments)
Cash Books, Charts of Accounts
Contracts, Leases Currently in Effect
Corporate Documents (incorporation, charter, by-laws, etc.)
Documents substantiating fixed asset additions
Deeds
Depreciation Schedules
Financial Statements (Year End)
General and Private Ledgers, Year End Trial Balances
Insurance Records, Current Accident Reports, Claims, Policies
Investment Trade Confirmations
IRS Revenue Agents’ Reports
Journals
Legal Records, Correspondence and Other Important Matters
Minutes Books of Directors and Stockholders
Mortgages, Bills of Sale
Property Appraisals by Outside Appraisers
Property Records
Retirement and Pension Records
Tax Returns and Worksheets
Trademark and Patent Registrations

I have a US company. Which documents I have to keep more then 1 year

admin — Sun, 15 Mar 2009 13:14:23 +0000

These are the business documents to keep foror three years:

Petty Cash Vouchers
Physical Inventory Tags
Savings Bond Registration Records of Employees
Time Cards For Hourly Employees
Bank Statements and Reconciliation’s
Employee Personnel Records (after termination)
Employment Applications
Expired Insurance Policies
General Correspondence
Internal Audit Reports
Internal Reports

And these are the company documents to record for six years, in alfabethical order:

Accident Reports, Claims
Accounts Payable Ledgers and Schedules
Accounts Receivable Ledgers and Schedules
Cancelled Checks
Cancelled Stock and Bond Certificates
Employment Tax Records
Expense Analysis and Expense Distribution Schedules
Expired Contracts, Leases
Expired Option Records
Inventories of Products, Materials, Supplies
Invoices to Customers
Notes Receivable Ledgers, Schedules
Payroll Records and Summaries, including payment to pensioners
Plant Cost Ledgers
Purchasing Department Copies of Purchase Orders
Sales Records
Subsidiary Ledgers
Time Books
Travel and Entertainment Records
Vouchers for Payments to Vendors, Employees, etc.
Voucher Register, Schedules

Everything sounds good, but our company is different. How can you help us?

admin — Tue, 16 Oct 2007 00:23:45 +0000

Every business is different, yet the same. Every business has some common issues, like culture, products or services, sales, people, finances and… taxes. We will quickly learn the particular nuances of your business & industry but best international tax business practice is common to all.

When can I change the Articles of Incorporation?

Braxton7 — Sat, 20 Jan 2007 23:44:04 +0000

Any changes to the corporation’s Articles of Incorporation or Bylaws must be approved by BOTH the Shareholders and Directors. Amendments to the Articles of Incorporation must then be filed with the Secretary of State in the state of incorporation for the amendments to become effective. Some states also require corporations to file a notarised affidavit, which verifies the number of outstanding shares at the time of the vote.

How I obtain a Certificate of fiscal residence?

Braxton7 — Mon, 22 May 2006 23:00:10 +0000

Most European countries, like United Kingdom and Portugal, request a Certificate of Fiscal Residence to benefit companies from the Double Taxation Treaties and the application of several European Directives. These Certificates of Fiscal Residence, when signed and stamped by the Fiscal Authorities, are a proof of fiscal residence of the company. This helps the company, depending on the country, in issues like tax exemptions and withholding tax.

The Certificate of Fiscal Residence is valid for one year from date of issue.
Each certificate is only valid for one company and for income of the same nature. In case of several companies a Certificate of Fiscal Residence must be obtained for each one, and the same should be applied for income of different nature.

The Certificate of Fiscal Residence is the document required by several tax authorities for the application of:

Parent-Subsidiary Directive
Interest-Royalty Directive
Savings Directive
Double Taxation Treaties

Which is a certificate of good standing in the case of United States?

Braxton7 — Sat, 20 May 2006 23:38:29 +0000

A Certificate of Good Standing (also known as Certificate of Existence or Certificate of Authorization) is a certificate issued by a state official as conclusive evidence that a corporation is in existence and is authorized to transact business within that state. The certificate generally sets forth the corporation’s name and declares that it is duly incorporated or authorized to transact business, that all fees, taxes, and penalties owed to that state have been paid, that its most recent annual report has been filed, and that it has not yet filed articles of Dissolution.

We can assist you in obtaining a Certificate of Good Standing from any of the 50 states for a small fee. This is a document that proves your corporation or LLC does exist with the state, and has paid all annual fees. The cost for a certificate of good standing varies by state.

How Tax International manage the complexity of international tax issues?

admin — Sun, 15 May 2005 14:22:58 +0000

Tax International fly safely in the international tax complexities, maneuvering through the intricacies of
hundreds of issues facing international taxes, including contracts, liability issues and documentation. Tax International doesn’t leave any holes and goes for every dollar.