Same as any other entity (or person). Entity pays taxes in it's domicile jurisdiction. Best you talk with a tax preparer in your home country to ensure you have all the details. And... If you're a US citizen + your SAAS company is generating massive cash, likely best to organize your entity in...
The Harmonized Sales Tax (HST) is applied in Ontario, Canada, to most goods and services, including marketing services. When determining whether to charge HST on marketing services, you should consider the following factors: 1)Exemptions and exceptions: Certain types of marketing services may be ...
In short No. There are laws that if you sell to anyone within a particular state in the U.S. you must obey each state's tax laws. However for the majority of the tax laws the exception (loop hole) is in the digital services realm - where you can claim income as 'advisory / non-physical services'...
The income should be reported by the individual or business that provided the service and earned the income. If the 1099 is in your name, you could ask the issuing Company to change to the S-Corp if that is who earned the income. In the future, have a written agreement between your S-Corp and the...
Wow, I am disgusted to here that an employer would do this. This is not legal of your employer and pretty downright unprofessional. Do NOT pay the invoice. He sounds like a scam. What I suggest is that you demand a 1099 from him. The 1099 is a tax form that an employer sends you when you do n...
yes, if you have an LLC you probably already have to file quarterly or as per your state's regulations. Regardless of the frequency even if you are making zero sales, zero expenses, etc. you need to report them as the files are due.
Short answer is that you do not, unless you have presence, defined as nexus in the US. You can read yourself in the many cases you are considered to have nexus from this source: https://www.webretailer.com/lean-commerce/us-sales-tax-ecommerce/ The definition is quite wide and varies between juris...
First I'm lot a tax attorney or even know anything about Malaysian tax law. I'm however a person that has moved around a lot and have encounter this situation before. You will must likely have to declare your US income in your home country. However some local tax laws allow for a deduction of fo...
Yes, the IRS does recognize their role as non-profit volunteers and I'll list some of what they can deduct from their taxable income. They can choose between deducting gas/oil used or mileage. If they don't have their own transportation they can deduct subway, bus, or taxi fare. They can also ded...
A new C corporation formed within the U.S. must file a federal income tax return (Form 1120) on an annual basis. The corporation may have to file a state corporate income tax return depending upon the state of incorporation and from which state the corporation operates. Income tax filings are g...