Month: March 2022

There are many decisions you need to make when deciding on which type of company you wish to form.

An important consideration is whether you can obtain the necessary visas to present yourself in the United States to open a bank account.

A further consideration is the name you choose for your company. As there are restrictions on what you name your company, it is important that the firm handling the registration is competent and can advise on what is allowed.

For a variety of reasons, you should also check whether your company name is available as a domain name, especially if you plan to trade in the future.

Here are a few more questions you should consider:

• Do you want an LLC or is a C-Corp or an S-Corp better?
• Should you open a separate bank account and, if so, which institution is best suited to your needs?
• What is an EIN and how do you apply for one?
• How long does business registration take?
• How can you set up a local business address to receive mail?
• What about a local telephone number and reception services?
• What are your tax liabilities and what is the best way to structure your financial affairs to minimize them?
• What about your bookkeeping and accounting requirements to ensure that you comply with city, county, state, and federal laws?

Any foreigner may form an LLC in the USA, and there is no requirement that the shareholders are residents or that they plan on becoming residents.

If the plan is to have a physical office or presence in a particular state, then an LLC should, for instance, be registered in that state to avoid the complication of registering as a foreign LLC and having to appoint registered agents in the state.

Further complications and costs are incurred if the state has additional taxes and fees that are levied on companies.

However, there are ways around this.

Should your business not require offices or staff, then the choice of the state is easier, as you can take advantage of certain states that do not levy taxes on LLCs and other business entities. You can then arrange your affairs in such a way that you are only liable for federal taxes.

Registering a Company in the USA is a Complex Process

Creating a new company in the USA can be a complex task, especially when you require a business bank account, local business address, tax registrations, and more.

That is when access to a professional firm of advisors can take the stress and worry out of the process and ensure that you comply with all the rules and regulations that are necessary to conduct business legally in the United States of America.

You Need an Experienced Advisor

Many questions need answers before embarking on the registration process.

For instance, do you wish to obtain a visa and run the business yourself or with an employee?

While non-citizens are allowed to be shareholders and directors, you will require a work-Visa to perform your duties as an officer of the company.

So, what are your best options?

Well, we believe that we have the answer to that question.

 

Introducing Taxleaf

Moses Nae, CEO of TaxLeaf and Contador America is passionate about helping foreign investors and entrepreneurs find the right tax and legal structures for their investments and business requirements.

Each client is unique, with a set of personal and business circumstances that require careful consideration to put together the best selection of products and services.

Here’s what one of our franchisees has to say about the service and support they receive from being partnered with Taxleaf:

Cesar Buenavista, Doral, Fl

“I am an Account Manager with TaxLeaf and have been working with clients for more than 6 years. The technology they provide is incredible. I have access to everything from my phone if I need it. They are very professional and provide excellent support for me and my employees.”

To help you learn more about how Taxleaf can assist you with your company registration and tax structuring, stop what you’re doing right now and call us now to secure a FREE 30-Minute Consultation with one of our business experts. We will explain how we can help you set up your business in the USA.

888-Y-TAXLEAF

Just ask and you may find that many Americans are not able to trace their ancestry roots any further than the last 100 years. But family trees are living and breathing and therefore, have roots that branch out in various directions. Many prefer to be forward-looking and seldom think about ancestors. Who wants to learn they have a great uncle who thinks he invented Jupiter?

Those who can remember when their families were transplanted to American soil think often about their lineage. Thanks to one or two brave souls, families immigrated to the U.S. and have discovered it is truly a pot of gold at the end of their rainbow.

As a cultural melting pot, the U.S. is home to many whose ancestors came from Europe or South America. But there’s one group of immigrants who are living the dream who came to America via a route from Turkey to Spain and finally settled in Cuba.

One such person is Moses Nae. I had the chance to interview him recently and believe you will find his story to be as inspirational as I did. At the age of 40, he has already reached numerous milestones in both his personal and professional life; he has passionately pursued multiple dreams for years. His father Jose Nae, came to the U.S.

in 1962 and first had to study English. Against all odds, his dad finished college and got an accounting degree. Moses followed his father’s footsteps to an extent but had a different vision. He believed his tax and accounting business could become a market leader, and better serve the working class and business communities. All he had to do was think outside of the box. He understood that most people yawn when they think about the accounting industry. After all, how exotic can numbers be? The business needed something jazzy – more modern. So, he created a plan to put his own twist on the family business. Moses came up with an innovative solution which would convert it into a high-tech digital app-based platform that would elevate their franchise system and provide higher revenue to each franchisee.

To expand his knowledge, Moses invested his time and energy into studying computer science at the University of Florida (yes, he’s a Gator 😊), and eventually earned his Masters in Business Administration. Lady luck was definitely on his side, as it was in the late 1990s and the internet was in its infancy. Leveraging his high-tech skills, Moses created the firm’s first website and began advertising online for local businesses. His primary target audience was the Latin community in Miami and South America.

Using his father’s original concept, he began creating strategies, protocols, and guidelines to help organize and run the business. If you think that was the end of his creativity you would be incorrect. The gears in Moses’ brain are always operating at the speed of light. He created a software to help each of the accountants under Tax Leaf’s umbrella improve their business operations and enhance service delivery to their growing client base.

All the while, Moses was weaving another dream: MUSIC. Moses primarily thinks of himself as a musician and composer – and then a successful businessman. He successfully launched his own music brand under MiamiMoe.com. Mixing rap and classical music, I’m sure you’ll enjoy it as much as I did.

Whether he’s singing Pink Floyd, writing music, or expanding his business, Moses remains committed to remembering his Cuban origins. He enjoys contributing to the success of others and is a strong advocate of Latin Americans who wants to seize their slice of the American Dream. He is dedicated to helping them chart their own course in America by connecting them with the right employer. Actually, many Tax Leaf franchise managers are from South America who arrived under the E-2 Visa Program. The life Moses has experienced thus far has been far superior to anything he ever imagined. He is grateful for what his father and his heritage have taught him. To educate and promote success amongst his family and friends has become his number one passion. For those hoping to find success in the USA, I recommend checking out Taxleaf.com. It may be just what you are looking for.

Written by: Kathy Pierce

The tax deadline each April need not be a time of stress and worry.

No matter how sophisticated an investor or business owner you may be, the vast number of opportunities for you to slip up when compiling your income tax return is huge.

It’s no wonder April each year sees an increase in stress and worry.

Your problems can be as simple as failing to declare a certain income or failing to keep adequate records to enable you to verify your deductions should you get flagged for an audit.

What’s The Solution?

The solution depends on what type of income you have received during the course of the financial year.

If you are a property investor, then there are different types of real estate property taxes that may apply to your particular property and set of circumstances.

It makes a difference if you are a citizen or a foreign national who is either a resident or not physically present in the United States.

The amount of time you spend living on your property will also affect your tax status.

If you’ve planned ahead and have your property holdings registered in a company or trust, then your options for tax planning and reducing your tax liabilities increase.

But your record-keeping and bookkeeping need to be accurate and in the right format to ensure that you’re not heading into more problems.

It’s for this reason that appointing a competent and experienced accountant is vital.

How Can I Reduce My Tax Liability?

The first step is to have an accurate bookkeeping system. Deducting direct costs associated with your income is the first step in minimizing your taxable income.

If you have assets that produce your income, then you can depreciate them and claim the depreciation as an expense against your income. Asset registers and depreciation schedules must be drawn up so that an accurate expense can be calculated.

You need to consider the implications of Capital Gains Tax and the decisions you make regarding trade-ins or trade-ups will affect how much you are going to pay over to the IRS.

Being an active rather than passive real estate investor will make a huge difference to your tax affairs. Taking the advice of your tax professional and following their recommendations can not only save you money but also make you money in the long run.

Keeping a record of all home improvements and additions is another avenue that you can follow to reduce your tax liabilities.

Not only will your accountant know how to deal with each scenario, but they will keep up to date on all changes to legislation and supplemental taxes that may affect your property holdings.

These are just a few of the things you need to consider when filing your taxes. There are many more potential issues that you may face and that’s the reason why appointing an experienced tax accountant is vital for your financial well-being.

Introducing TaxLeaf

Moses Nae, CEO of TaxLeaf, Contador Miami, and the founder of Contador America is passionate about helping foreign investors and business owners structure their businesses and investments in a tax-efficient manner.

To avoid unnecessary costs and to reduce your tax liability, it is crucial that you consult with a knowledgeable and experienced tax accountant, especially if you are an overseas investor.

Here’s what one successful business owner has to say about the service and support they receive from being partnered with TaxLeaf:

Cesar Buenavista, Doral, Fl

“I am an Account Manager with TaxLeaf and have been working with clients for more than 6 years. The technology they provide is incredible. I have access to everything from my phone if I need it. They are very professional and provide excellent support for me and my employees.”

To help you learn more about how TaxLeaf can assist you in submitting your tax return as well as structuring your financial affairs efficiently, stop what you’re doing right now and call us now to secure a FREE 30-Minute Consultation with one of our tax experts.

888-Y-TAXLEAF

Purchasing real estate has historically been one of the most prudent and financially successful strategies employed by investors.

Over the last 100 years, property investors have enjoyed annual returns in excess of 11% with a lot less volatility than one would suffer if your money was invested in the stock market.

And since 1971, REITs have outstripped the S&P 500 by a significant margin.

However, property investment, whether it be for capital gains or monthly cash flow, can be a nightmare for novice investors. Unscrupulous sellers, dodgy developers, and less than honest agents can rob you of your hard-earned money.

So, what are your options?

Find a Trusted Advisor

Investing in real estate is a lot less risky if you have access to an advisor with experience and knowledge to help you assess your potential property deal.

Better yet, approaching an advisor before embarking on your quest for the perfect property will give you the best chance of securing an investment that will pay dividends for years to come.

If you have your own business or wish to start a business, your property portfolio can be used to minimize your taxes and correctly structured, the deal can pay for itself many times over.

Real Estate Investment Advantages

We believe that real estate should form part of your core investment portfolio. Depending on what your long-term goals are, investment property provides a solution that can fit into almost all wealth-planning scenarios.

Property investments provide you with the following benefits:

Tax-advantaged Legal Structures

Tax exemptions, to which investors are entitled, allow rental property owners to write off large amounts of tax.

The IRS offers tax breaks for various expenses such as depreciation, insurance, maintenance, repairs, travel expenses, legal fees, and property taxes. Correctly structured, you will receive huge benefits which you would possibly miss out on without the right advice.

Property investors are also entitled to lower tax rates.

However, to enjoy the benefits of these tax breaks, an experienced accountant, with an intimate knowledge of tax law, is a vital partner in your financial team.

Regular Cash Flow From Long-term Tenants

If you are concerned about inflation, and you should be, then an investment in real estate can provide you with a hedge against rising prices combined with capital appreciation of the underlying asset.

High Cash Returns Through Legally-required Dividends

Investments in REITs (Real Estate Investment Trusts) will provide you with a regular income from dividends. Selecting the correct REIT for you is critical to ensure that you enjoy the worry-free benefits of this type of investment.

Liquidity from REITs

As REITs are traded on exchanges in the same way as stocks, you can access your money in an emergency or take advantage of high returns on your investment.

Capital Appreciation

Property has always been seen as a hedge against inflation. Over time, the value of a property portfolio increases, providing you with a capital appreciation for your benefit or that of your family.

Whether you’re new to property investing, or an experienced real estate investor with a portfolio of properties, our advisors can assist you. Taxleaf has over 40 years of experience providing our clients with the best financial and real estate advice.

Experienced Real Estate Investment Advisors

Moses Nae, CEO of TaxLeaf, Contador Miami, and the inspiration behind MiamiMoe, a business focussed on the Miami music industry, is passionate about helping investors and entrepreneurs find the right investment solution for their unique situation.

Taxleaf is also uniquely placed to help identify the perfect investment property solution to suit your financial goals and budget.

Here’s what one of our successful business owners has to say about the service and support they receive from being partnered with Taxleaf;

Cesar Buenavista, Doral, Fl

“I am an Account Manager with TaxLeaf and have been working with clients for more than 6 years. The technology they provide is incredible. I have access to everything from my phone if I need it. They are very professional and provide excellent support for me and my employees.”

To help you learn more about how Taxleaf can assist you with your real estate investment portfolio and tax structuring, stop what you’re doing right now and call us now to secure a FREE 30-Minute Consultation with one of our business experts, and we will explain how you can make money by investing in real estate.

888-Y-TAXLEAF