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Important US Tax Implications of Paying Vendors in Foreign Countries

February 2015 - Once you have approved the invoices, the process of paying your company's vendors shouldn't be all that difficult under normal circumstances.  The global economy has expanded such that US businesses of all sizes now find themselves paying vendors in other countries for goods and services.  Whether you are a domesticaly-owned or foreign-owned US business, compliance with new regulations has become more complicated.

Three Important US Tax Updates

Three important US tax updates (November 2014)

 

1.  Reimbursement of employee premiums for invidiual health care policies can subject employers to major penalties under the ACA.

 

2.  Scam phone calls from the "Internal Revenue Service".

 

3.  Cook Country ordered to start processing non-titled personal property use tax refund claims for businesses.

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