by Greg BryantTax Incentive Programs in the Caribbean
By: Greg Bryant, CPA/Attorney Imagine, if you will, you live in California or New York City where your income tax rate is over 40% (federal and state). However, imagine then that you could move to another state, keep your US citizenship, and lower your tax rate to under 4% (federal and state). Would that be interesting? Well, here is how you can do it. The United States territories...
by Greg BryantTax Planning for Exports: IC-DISC Primer
By: Greg Bryant esq./CPA and Sarah Frazier, Esq. Although it has been in existence since 1971, the Interest Charge Domestic International Sales Corporation (“IC-DISC”) planning opportunity is often-overlooked. Since IC-DISCs began, IC-DISCs have been upstaged by a host of alphabet tax incentive regimes: Foreign Sales Companies (“FSCs”), Domestic Production (“DPD”), and Foreign Intangible...
by Greg BryantNew Business Reporting Requirement Now in Effect
Beginning on January 1, 2024, US companies have new reporting rules to comply with per the little talked about law enacted January 1, 2021: the Corporate Transparency Act (the “CTA”). Though CTA’s intent is to stop the US from being a haven for “shell” companies that could be used to hide the identity of true investors, it will affect over 32 million companies in 2024 and beyond. The CTA...
by Greg BryantCaptive for E-Commerce
By Gregory T. Bryant, CPA / Attorney at Law / Managing Partner While conventional insurance can cover many types of business risks, e-commerce companies have many daily business risks that cannot be covered by conventional insurance. As a result, most e-commerce companies are absorbing liabilities on their balance sheets that they cannot see. Additionally, under most tax law principles,...
by Greg BryantE-Commerce in the USA – Navigating to Success
Even prior to the pandemic, the e-commerce industry was growing fast. E-commerce companies further thrived in 2020 as stay-at-home orders, mask mandates, and other pandemic-related anxieties pushed US consumers online with higher frequencies. In fact, Digital Commerce 360 estimates that the pandemic accelerated the e-commerce industry by two years1. We are finding more companies who have been...
by Greg BryantDisagree with Dignity and Respect
By Gregory Bryant, Esq/CPA I recently got into a text discussion with a former client and colleague. He is a brilliant radiologist and was posing the question, “Why don’t people follow the science and get vaccinated….?”, to which he then explained why the science says that makes sense. His explanation was very clear and convincing. But, I thought I would venture an...
by Greg BryantManaging Tax Change
Tax systems change, and we are going through a significant period of change now. The conventional wisdom in my career, now approaching 40 years, is that structures have to adapt and change every 5-years to avoid becoming obsolete and inefficient. In my experience, it is not quite that bad, but at least every 8-years. When I started my career, the Federal US corporate tax...
by Greg BryantTax Planning in the Cannabis Industry: Section 280E of the Internal Revenue Code
By Gregory Bryant CPA/ Esq.Sarah Skinner, Esq. The green-wave is overtaking America. Cannabis is gradually reaching the masses, and consequently the mass markets, thanks to legalization efforts. As a reminder, marijuana and hemp are both cannabis. However, marijuana and hemp are different varieties of the Cannabis Sativia L. plant. Generally, hemp must contain 0.3% or less total...
by Greg BryantManaging Tax and Exchange Control in China
When doing business in China, it is important to consider how you will be paid, and get the payment out of the country. Not only must a company manage taxes, they must also manage exchange control. Exchange control in China greatly favors payment for imported goods and discourages the payment for services performed outside China. It also creates administrative hurdles to...
by Greg Bryant