51–60 of 358 posts
A lot of this could have been solved by (pick a few): 1. forming a 1099 relationship with your devs if they weren't working full time. 2.Using a Personal Employment Organization. 3. Doing your research before blindly incorporating in Texas. We could debate for ages the merits of the state and federal system, but if you were going down this whole road of opening a company in another country and hiring there, then it w…
> In the US, however, it’s like being in the 70’s in Denmark. In a country, where the NSA supposedly reads all my email, knows how much money I make, what I ate for breakfast and what color underwear I prefer, I cannot report electronically to the authorities! Well, the plan was to keep the incredible advancements in (mass surveillance) technology secret from the citizens, in order not to be stopped.
So, if not USA, when? That make possible to be in latinamerica but be incorporate elsewhere?
Earlier quoted context omitted.
Not sure about Portugal but suspect it's not much different than other European countries. When I did a freelance job for Nokia in Berlin I effectively worked for a Swiss company, which sent me off to Berlin. I registered myself in Switzerland, got a social security number there, and paid my income tax in Germany. As far as I understand it, Nokia paid the Swiss company, who paid their tax in Switzerland. Much as you'…
What you've described is kind of complex. I'm asking about where someone lives and works as a permanent employee (and not a contractor!) in Portugal or Germany or whatever, for a company that is in Denmark.
It's indubitable that the nordic countries are well-run places. Occasionally though, the amount of "smug" they export is a bit on the high side.
Note that the online stuff isn't limited to nordic countries, even in France (a country which nobody would say is well-run) you've been able (and encouraged) to fill taxes online for a decade.
Earlier quoted context omitted.
I'm not sure about EU law - but if you have a company in Denmark, and want to hire someone who works in Portugal as a permanent employee, and not a contractor, what do you need to do?
Not sure about Portugal but suspect it's not much different than other European countries. When I did a freelance job for Nokia in Berlin I effectively worked for a Swiss company, which sent me off to Berlin. I registered myself in Switzerland, got a social security number there, and paid my income tax in Germany. As far as I understand it, Nokia paid the Swiss company, who paid their tax in Switzerland. Much as you'…
* You could have saved yourself a load of headache and incorporate in Delaware. * If you don't have a physical office in each state you don't have a presence there. You shouldn't have needed to pay sales tax. Amazon only pays taxes in states they have a physical presence (warehouse, office, callcenter).
Hiring an employee in another state may create a nexus in that state, and this may require you to file income tax in that state. For example, if you incorporate in Delaware, and then hire someone for >$50k in Texas, you may have to file company income taxes in Texas. Not that Texas income attributed to your company (or partners) will be much, but, computing and filing is best done by hiring an accountant.
The US tax code, as evidenced by FBAR and FATCA, assumes that the only purpose of any financial transaction or account outside the US, is to hide money from the IRS. You have to report each and every "account", with contact details at the institution, every year, on two independent forms (similar yet different), as well as every transaction in securities (if you can actually do them anymore - most places won't even let you if they know you are paying taxes in the US).
If you are not a US taxpayer already and planning to do anything in the US, be sure to talk to a CPA that specializes in those kinds of things (preferably, one who is also familiar with the treaties and tax code in the country you are moving from). You need to do this both on the business front and the personal front, or you are likely to be seriously and horribly surprised one day.
My biggest hurle is payments processors. Everything good work in USA (think stripe). So, if not USA, when? That make possible to be in latinamerica but be incorporate elsewhere?
> All of a sudden, we were forced to figure out, how much we actually sold in each of those states, where we hired people Not to be offensive, but differences in state rules should have been expected, given the name of the country. How hard do you think it would be to get a random sample of 50 people to decide on a movie? Now swap people with territories and movie with governance. This blog post is just ranting and w…
After having done business in many other countries you begin to realise that certain countries have a love affair with needless bureaucracy; the US and it's fragmented federation being one of them. Take Australia for example; even though it is a federation of states (and territories) like the US it has one uniform goods and sales tax that is consistent across the country. In fact states regularly come together to sha…
> Tourists are already turned off from coming to the US because of the TSA issues.
I'd love to agree with you, but there's that pesky reality that disagrees with your claim:
http://cityroom.blogs.nytimes.com/2012/12/31/a-record-year-f...
>Even countries like the UK with it's constituent nations and territories work hard at having a uniform and efficient system for businesses to do what they need to do.
Population UK: 63mm Population USA 310mm
and support your claim that the territories work hard at having an efficient system for businesses.
> Having a "Just deal with it" attitude will also drive away business.
The paperwork really isn't hard. What makes you think that filling out some tax forms is keeping people from opening up shop in America?