by Tom Andrews, CPA Social Security tax is a tax that is assessed on your earnings/labor, this tax is withheld by your employer and remitted to the IRS. The difference
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by Tom Andrews, CPA Any nonresident crewmember that has worked on a foreign flagged vessel has probably been asked to sign form 8233 “Exemption Form Withholding on Compensation for Personal
by Tom Andrews, CPA As the payroll processes in the yachting industry becomes more formalized the number of crew being treated as statutory employees has increased dramatically over the past
by Tom Andrews, CPA I often find that yacht crewmembers are early adopters of technology, for example I remember yacht crew using mp3 players, phone texting, online banking, and skype
by Tom Andrews, CPA Many yacht crewmembers have friends, family, spouses etc. whom are nonresidents living outside the United States. These relationships sometimes give rise to the transferring of assets
by Tom Andrews, CPA It is not uncommon for luxury yacht crewmembers to stay in crew houses while traveling. Sometimes these stays are mandated by the owner or the crewmember
by: Tom Andrews, CPA The FEIE (foreign earned income exclusion) is so frequently asked about I write an update column every year. Unfortunately the most common misconception about the FEIE
By Tom Andrews, CPA As the end of 2017 approaches it is time to step back and reflect on your income and expenses for the year. All too often yacht
By Tom Andrews, CPA The Patient Protection and affordable Care act commonly referred to as the Affordable Care Act or “Obama Care” was signed into law in 2010. There has
by Tom Andrews, CPA More often than not crewmembers fail to take into account the prospect of state income tax liabilities. While many US flagged vessels withhold federal payroll and