Cross Border Tax Consultants

Since the taxation system of Canada and U.S. are different it needs careful planning and consideration when Canadian Businesses want to expand into the United States. If you are a Canadian business want to operate in the US, you need to adopt any one of the four business structures: • U.S. Branch of a Canadian Corporation • U.S. Subsidiary of a Canadian Corporation • U.S. Limited Liability Corporation (LLC) • U.S. Limited Partnership (LP) Picking the right structure is a critical decision which can cost dearly if made wrong. Canada US tax Treaty overrides many provisions of Internal Revenue Code (IRC) in the United States and Income Tax Act (ITA) in Canada. For example, even if you have an effectively connected income for your business, the net business profits might be exempt from US taxes if the Canadian business does not have a permanent establishment as defined in treaty. If certain income is exempted from US taxes, it does not exempt Canadian business from reporting. General...

The 2 different tax systems of U.S. and Canada make the decision of Canadian businesses to expand in to the US such a complicated affair. Such a decision requires careful planning & consideration. Nevertheless, Canadian business can adopt different business structures to operate in the United States. US. Branch of a Canadian Corporation US. Subsidiary of a Canadian Corporation US. Limited Liability Corporation (LLC) US. Limited Partnership (LP) Canadian and US Businesses looking to expand across borders have found it difficult to select the right business structure. At Maroof HS CPA Professional Corporation , we help both Canadian and US businesses with their tax planning and tax preparation services. US partnership income tax return (1065) for Canadian businesses, US Corporate tax return 1120F for Canadian Corporations, or US individual tax returns 1040NR for sole proprietors or partners. We are a CPA firm registered with province of Ontario and Alberta, and provide income tax...

The first part of your business plan that a potential customer will want to check out is the executive summary. It is a brief glance at the vital elements of the whole plan – and it is critical. To help you, here we have listed 5 useful tips on how to pen down a professional-looking executive summary. So, let’s get started! Keep it brief but interesting: Your executive summary must explain the main highlights of your business plan, and leaves out less critical issues & factors. Though it is tough for many entrepreneurs to summarize the whole plan into a few words, it certainly can be accomplished by considering a few things: Consider your summary as an elevator pitch • Use it as a selling tool • Steer clear of jargons or explanations • No need to include graphs, charts, or figure • Add key metrics that ascertain your capabilities & performance Talk about market opportunities: Your business opportunities should be crystal clear in your executive summary. Make the reader aw...