Should I file my startup in Delaware if it’s located in Texas?

My answer to Should I file my startup in Delaware if it’s located in Texas? Answer by Wray Rives CPA CGMA: If you will operate your Texas startup from Texas, you will have to be registered in Texas no matter what. The only reason to register in DE is because you intend to seek outside Read more about Should I file my startup in Delaware if it’s located in Texas?[…]

Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes?

My answer to Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes? Answer by Wray Rives: First make sure that in fact your Australian employer is subject to US tax reporting and US employment tax. Employment Status Number one are you in fact an Independent Contractor (Self-Employed) or Read more about Can a US citizen and employee sue his Australian employer for non-payment of IRS employment taxes?[…]

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What happens with negative K-1 distribution of US S-Corporation?

How to you distribute losses on a K1 for S-Corporation shareholders? Answer by Wray Rives CPA CGMA: There are a number of issues and facts to consider with S Corp losses. Not Earned Income/Not Passive Income – The flow through income from an S Corp is not earned income, but it is not necessarily passive Read more about What happens with negative K-1 distribution of US S-Corporation?[…]

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How does e-business affect the accounting profession

My answer to How does the development of e-business affect the accounting profession, in both positive and negative… Answer by Wray Rives CPA CGMA I see two primary e-business dynamics that directly impact the accounting industry. Web based tools that facilitate remote delivery of services Web based tools that automate the clerical aspects of accounting Read more about How does e-business affect the accounting profession[…]

What is the best state to incorporate in for a foreign startup?

What is the best state to incorporate in for a foreign startup? Answer by Wray Rives: There are so many variables, all I can do is give you some general ideas about foreign nonresident owners of US entities and what states make “tax sense” for the non-resident owners. First I assume you that you want Read more about What is the best state to incorporate in for a foreign startup?[…]

When employing an independent contractor in CA establishes sales or income tax nexus for a Seattle company?

My answer to When can employing an independent contractor in CA establish sales or income tax nexus for a Seattle c… Answer by Wray Rives: Just using an independent contractor in California would not create nexus in CA; however, there are several common, potential issues that typically come up in this scenario. If the independent Read more about When employing an independent contractor in CA establishes sales or income tax nexus for a Seattle company?[…]