Importance of IRS Form 5472
Many of our clients here at Grumble are not US-based corporations or they have shareholders/owners who are not US citizens. When it comes to tax filing time, these clients need to be aware of the IRS requirements for 25% foreign-owned US corporations or for foreign corporations engaged in a US trade or business. Such tax […]
Introducing Grumble, Enabling Smart Global Business Practices
In today’s fast paced world, the ability to transact internationally is imperative but many countries still expect cross border traders to maintain a legal presence in their country. Setting up new businesses or offices in the USA, for example, is not an easy task, unless you have an on-the-ground business partner. This is where Grumble, […]
Need Tax Accounting – Contact Experts
Starting one’s own business is both exciting and alarming, as there are many legal and financial pitfalls that new business owners may not see as they venture into their dream. Completing and submitting tax returns is often considered one of the more stressful activities, as there are so many regulations that govern taxes. This is […]
Sme Accounting Made Easy
Small business makes the world go round – it’s the heart of the global economy and Xero wants millions of small businesses to thrive through better tools, information and connections. Started in 2006, this New Zealand based company has grown to more than +2 million subscribers globally because it offers small businesses the opportunity to […]
Why choose a limited liability company?
Starting a business is a lot like entering into a marriage contract. You anticipate great profits and happiness on the horizon, but as any lawyer will tell you, you need to protect yourself against getting dashed against the rocks of love or business. When it comes to committing yourself to a fully-fledged business in the […]
Importance of an Employer Identification Number (EIN)
Whether you’re an entrepreneur or business owner, an Employer Identification Number (EIN), also known as a Federal Employer Identification Number (FEIN), is a key part of your business arsenal. This nine-digit number, which is quite similar to a social security number, is used to identify your business for tax purposes. If you have a limited […]
Easy steps to form a limited liability company (LLC)
Separating your professional and personal life is more than just a sound practice for maintaining boundaries, it is the foundation for business that provides legal and financial protection and peace of mind. A limited liability company (LLC), as opposed to a sole proprietorship or general partnership, creates a separate entity from its owners, preventing owners […]
