If you’re an Australian living or conducting business in the U.S., you need to be aware that there are different ways each country taxes individuals and businesses. For example, the Internal Revenue Service (IRS) will review your financial and business holdings in Australia and subject them to U.S. tax law. Superannuation funds can be particularly problematic. If you plan to operate a business in the U.S., it will be important to know the various business structures so you can choose the one that will best position yourself for financial success.
The international tax team at EFPR Group works closely with Australian expats in advance of their relocation in the U.S., or after arrival. We work with Australians who come to America to launch a new business, those who come here to expand an Australian business and Australian individuals who simply need our help in achieving the best taxable outcome. Some situations are straightforward while others quite complex—we’re ready to assist.
Our team specializes in the U.S. tax system, in contrast with the tax structure in Australia:
- Australian Expat IRS Tax Reporting Requirements;
- U.S. Business Entities;
- U.S. Reporting Requirements for Australian Expats;
- Business Tax Strategy for Australians Doing Business in the U.S.;
- U.S. Entity Structures that Make Sense for Australian Businesses (in respect to the 2017 Tax Cuts and Jobs Act)
For comprehensive details and case study examples, EFPR Group offers two no-cost guides:
The International Tax team at EFPR Group works closely with our clients to arrive at the best approaches for your particular set of circumstances. For more information, please contact us today!