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Updated by APTax Group on Oct 06, 2016
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Cross Border Tax Specialist

AP Tax Group provides Cross Border Tax Services with the help of professional tax accountant that gives broad-range and solutions on your needs.

Reason why a Business Accountant is so Important

The Tax Treaty protects citizens from both countries from double taxation. The Tax Treaty makes it possible for Canadian companies, for example, to do business in the U.S. and be prevented from double taxation that might otherwise arise due to their U.S. tax exposure. A cross border tax specialist handles this kind of cases.

Things You need to Know about Taxes

The Tax Treaty covers the foreign tax credits which are available in scenarios where each nation claims a right to tax the same income. Cross-border tax Canada-US, through the specific tax laws carried by the Tax Treaty, protects individuals from double taxation. Moreover, cross-border tax Canada-US navigates through tax requirements for both Canadian and US interest, earning and holdings.

4 Things a Cross Border Tax Specialist canassistsyou on your Tax Services

Processing and planning fees can be challenging – even difficult, for a few – but this doesn’t have to be a burden for you. With Cross Border Tax Services, an elaborate and stressful tax-filing process is somethingyou can experience. You can give attention to doing your work or managing your investments and business, while a Cross border Tax Specialist dedicates their commitment to deal with this process for you.

Complications concerning US and Canadian Tax Laws

The Canada and United States each has very distinctive systems of taxation. The rules on cross-border taxation between the two nations are covered in Article XXIV of the US – Canada Income Tax Convention, 1980 (Treaty). Both countries sign the Tax Treaty. This treaty ensure residents of the two countries not taxed on the same income in the same year. Filing US taxes in Canada is no easy task. Residents from both countries are faced with challenges determining the US and Canadian tax laws.

5 Significant Reasons why a Business Accountant is Essential for your Cross Border Tax Services

From changing tax laws to complicated cross border tax services planning frequently, preparation, and filing, there are no two ways about any of it – whether you are a tiny start-up just moving away from the bottom or a comparatively well-established business, you definitely desire a dedicated business accountant.

Important Points to rapidly resell your house with cross border tax services

The thought of retailing your home only can provide you inconveniences with the newspaper works and conditions, particularly if you will sell a residence what your location is considered an ‘alien citizen’. If you’re a Canadian resident and you will be selling your property situated in the United States, you may want some advice about an accountant for some cross border tax services to obtain through with all the current dealings you will face after selling your home.

How To Avoid Double Taxation

The US Internal Revenue Service (IRS) has a complicated way of determining how long a Canadian stay in the US without paying US taxes. A cross border tax services can do a calculation using the IRS formula called the “substantial presence test”.

Penalties On Overdue Tax Returns

A cross border tax specialist can help you assess penalties on overdue tax returns in regard to cross-border tax laws. From a cross border tax specialist, Canadian residents who gain income from the United States can be informed of the rules for filing taxes and how to lessen their US withholding taxes. With the signing of the US-Canada Treaty, residents from US and Canada who work in the countries mentioned are exempted from double taxation.

Determining The US and Canadian Tax Law

here are cases when a US citizen who is resident in Canada can be subjected to adverse tax consequences if their affairs are not planned carefully. This is where a cross border tax specialist comes in. A cross border tax specialist can be your asset in assessing your status and how you should file your tax obligations.

How does investing affect the way you do taxes?

Investing may turn into a gamble and can be intimidating when you think about the tax rules at hand. However, you will get to earn a lot if you succeed on selling your stock investments at a good price if you know the ways to reduce the tax rates the best way possible, with the help of cross border tax specialists if you plan on investing between US and Canada.

If I own a business, can I pay my taxes quarterly?

In general, it is necessary to pay your taxes quarterly to the IRS if you are self-employed or you receive your income in the form of gains from asset sales, interests, prizes, dividends, rent, etc. When crossing borders between US and Canada, it’s best to request assistance from a cross border tax specialist if you are an independent contractor for their cross border tax services to understand the necessary process of paying quarterly taxes, thus avoiding penalties.

  • AP Tax Group is a full service Toronto based accounting firm specializing in US and Canadian tax. Corporate and Not-for-Profit Tax Returns, Tax Advisory and Consulting Services, Tax Controversy Res...

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