Corporate tax

Corporate tax is relatively complex, and different types of corporate
tax’s deadline is different.Our accountants and tax accountants will provide a very
professional service, and record your tax clearly.They are familiar with the rules of accounting between
China and the United States, know all kinds of exemption policy, and will help you to save taxes to the greatest degree.

CALENDAR YEAR

If the company is set up before December 31, then the deadline to file LLC and S CORPORATION tax is the following year on March 15.


C CORPORATION

If it is C CORPORATION tax, the deadline is the following year’s 15th April. If the account is not prepared, you need to apply for an extension before the deadline, then there will be a six-month extension


FISCAL YEAR

If you choose fiscal year, which is 12 months, then the tax deadline is the 15th after 3 months.


Charges

Corporation tax is between $ 300 and $ 1200 which is charged according to corporation's business volume and whether an accountant is required.


Information needed

Company registration documents, company tax file number, the company's balance sheet, income and expense statement and the name, address and the proportion of shares of the shareholders.


Personal tax

The deadline for filing a personal income tax is April 15 of each year. If it is not ready, it can be postponed on before April 15, and the deadline for postponed filing is October 15.


Rental Income

If you have US housing rental income, you need to apply for a personal tax number, and reported SCHEDULE E rental income. Our accounting firm is the authorized IRS ITIN, which is the personal tax number issued by the Department, where you can quickly get a personal tax number. Information needed: a clear copy of passport and visa, rental days, income and cost.


Investment income

If you have US investment income, that is, there will be K1 at the end of the year, you also need to apply for personal tax to declare personal income tax. Information needed: a clear copy of passport and visa, rental days, income and cost.


personal income

If you have US personal income, such as providing services to US companies, and they have transfer to you, you also have to report personal income tax. But there is a tax-free agreement between China and the United States, that is, you need to declare taxes but do not need to pay taxes.

Charges

Personal tax charges are: $ 100-800 which is based on personal circumstances as well as income items.


Information needed

Personal passport and visa copy, personal income, mailing address and other information.


Non – profit organization tax

The deadline for a non-profit organization to file taxes is the fifteenth day of the fifth month of the fiscal year. If that day is Saturday, Sunday, or holiday, the deadline is the next working day. Working days are days apart from Saturday, Sunday and statutory holidays. If the time is too late to file tax, the agency can submit the 8868 form to extend the tax filing time.


Transnational taxation

China, Canada, Japan, UK, Germany

American green card

If you have a US green card, but you work in China, and have Chinese income, you also have to report the US personal income tax, because the United States adopt a global tax policy, but if your foreign income is less than $ 103,000, you only need to declare taxes instead of paying taxes.


Company account

If you are working in the United States, but you are a Canadian citizen, then you have to file taxes in both Canada and the United States.


Annual tax filing

Our charge is between $ 100 and $ 800, depending on your situation.


Inheritance Tax and Gift Tax

Gift tax

The Internal Revenue Service (IRS) tax law stipulates in 2017 that everyone can donate to others up to $ 14,000 worth of property each year. Less than, or equal to this amount does not need to pay taxes, which is the so-called annual gift exclusion. More than this amount will have to file the Form 709, you can pay more than the amount of gifts each year with the tax, you can also accumulate and then pay them together. Because the US tax law has a provision that each person has a total of 5.49 million US dollars gift amount in lifetime. If your gift did not reach 5.49 million, you have no gift tax. If you are over, you will be given a tax with a maximum tax rate of 45%. Pay attention that this gift and the estate allowance are added together.


Inheritance tax

After the death of a person, all the property, including the house, land, stock, mutual funds, retirement accounts, bank accounts, owned companies, valuable collections, etc., they have to go through the court certification process (probate) to see how much your property is. Not every penny should pay taxes, only more than a certain amount of part must pay the inheritance tax. the part of the estate that do not to be taxed is called the estate allowance. The federal government heritage allowance was $ 5.49 million in 2017, and the different states had different maximum allowances.


Generation Taxpping

When grandparents leave their grandchildren instead of children for their inheritance, they may pay taxes on Generation Taxpping (abbreviated as GST) as well as inheritance tax if they do not plan well. IRS believes that if we are all give inheritance to grand generation, then a generation of IRS can not receive the tax, so IRS set a Generation Taxpping, the tax rate of which reached 50%.