02-18-2003, 07:06 PM
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Confirmed User
Join Date: Mar 2001
Location: Principality of Sealand
Posts: 2,033
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Quote:
Originally posted by HardProfits
The problem with one of your articles LAJ concerning taxation in the United States and getting accounting advice is this:
When we were finally advised by the IPSP's that we (as non US residents) needed to register US corporations to maintain our rebill databases, we only had weeks to create our structures. So getting any advice was literally impossible. We had to have US corporations to protect our rebills, and that was that.
So now our URL's are all registered with Visa USA, the possibility of me acquiring anywhere else in the world has completely dissipated except for any new sites I build. And if I do build sites with EU billing, I will have two international tax treaties to contend with (other than my own country of course).
Currently I am faced with the issue of maintaining a correct position on taxation within the United States only, which has dramatically added considerable costs to my operations.
So in short, we have had no chance to minimize anything or prepare properly.
Our only saving grace is that we luckily built www.MultiBill.com some time back to handle all these issues (which it is doing very very well).
And as I type this, I have a pile of tax forms to fill out on my desk for my new US companies, which I keep putting off, but I know I have to do soon - agggghhhhh
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where are you from HardProfits ?
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