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Tax Information With A Mother's Touch
Published by Eva Rosenberg, MBA, EA
Volume 4 Issue 143 January 4, 2002
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Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA Volume 4 Issue 143 January 4, 2002 |
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» From: Florida Hi Eva, And I wish you a very prosperous, healthy and happy New Year. I was doing a search on Google titled something like, least expensive tax states, I want to start a recruiting co. this year from my virtual office (live in FL) but know taxes are a biggie, so trying to do some research (even though I know enough to be dangerous -) ) Bottom line, I'm not wealthy but taxes irk me, they are becoming onerous. I've noticed recently that many co's are saying like - "accenture a Bermuda co." I'm noticing more & more are setting up shop in Bermuda. Taxes a complex subject I know nothing about them except I don't like them. I just want to "try" & do it right the 1st time, vs. trying to fix something later. If Bermuda, why not Grand Caymans? Elaine  Just a bit of free advice .... if you want to do it right. If you're running a business in the USA, register it here. IRS is quite aware of offshore scams and have a task force set up specifically to catch people. The penalties are high. And let me tell you, those IRS agents really enjoy their jobs. Incidentally, the US just signed a tax treaty with the Caymans authorizing an exchange of information about their depositors. If we don't already have an agreement with Bermuda, count it - it will come. Sounds like you have a good potential business. It may be worthwhile to leave the tax stuff to a pro who enjoys it. Meanwhile, you'd be free to earn the big bucks, filling those jobs. Best wishes Eva Rosenberg Your TaxMama  |
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| Library of Congress - ISSN 1532-0790 Copyright © 2000-2003 - Eva Rosenberg |
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