Your ITIN, or Individual Taxpayer Identification Number (ITIN), is crucial for filing US taxes as a non-resident alien. It ensures that you can meet your tax obligations even if you do not have a social security number. However, did you…
Doing business with banks can be an overwhelming experience for new startups and small businesses. They face many financial challenges, ranging from money flow management to getting funding. Mercury Bank eases this process by offering various services specifically designed for…
Individuals who must furnish a US tax identification number but are not eligible to obtain the social security card are issued an Individual Taxpayer Identification Number (ITIN) by the IRS. If you are a non-US resident and would like to…
To illustrate, Delaware C Corporations benefit from favorable tax conditions, which makes it a popular choice for incorporation. A comprehensive look at Delaware C Corp taxation concerning the federal corporate income tax rate of 21% and nuanced state tax rates…
Differentiating when to use an SSN or an ITIN may seem challenging while navigating the world of tax identification numbers. Both play a vital role in taxation, but they target different segments of the population with distinct uses that are…
An individual taxpayer identification number (ITIN) is a number used for handling taxes given by the Internal Revenue Service (IRS) to people who must have a United States taxpayer identification number but cannot be issued with a Social Security Number…
One of the first steps in starting an LLC is to name a registered agent. But who can be this important person for your company? The registered agent receives important legal documents and official government communications on behalf of the…
Creating a Limited Liability Company (LLC) in 2024 is a beautiful alternative for many entrepreneurs and small business owners. An LLC combines the flexibility of a partnership with the liability protection found in corporations, which makes it appealing to different…
Many of you might have already known about some commonly heard corporations such as S Corporations, C Corporations, Limited Liability Companies, Sole proprietorships, and more. Well, among many others Closed corporations are less likely to be formed corporations which are…
As a non-resident owner of a UK-based limited company, it's crucial to have a clear understanding of the taxes you are liable for. These include responsibilities in the UK and your own country as well. International tax can be difficult…
