by Tom Andrews,CPA Several years ago I wrote a column that discussed H.R. 22 “Fixing America’s Transportation Act”, upon passage congress included a provision that allows the State Department to
Read More
By Tom Andrews, CPA The Yachting Industry has long remained under the radar with regards to the Internal Revenue Service. While most industries have manuals and guide books that help
By Tom Andrews, CPA One of the more common questions I am asked of clients is “Should I incorporate”? The answer to that question depends on a number of factors
By: Tom Andrews, CPA For those yacht crewmembers who are still not familiar with FBAR requirements (Foreign Bank Account Reporting) the Treasury department requires that a United States Citizen or
by: Tom Andrews, CPA This goes without saying but the term Yacht Captain is probably the most understated job title in the luxury yacht industry. The profession is so much
by: Tom Andrews, CPA Every year I meet with clients who say to me “I heard if I am living outside the United States for 183 days I am not
By Tom Andrews, CPA As you may or may not be aware all US citizens are subject to US income tax regardless of whether they reside in the United States
By Tom Andrews, CPA As you begin the 2017 tax year now is the time to implement habits and strategies that will make filing easier for you at the end
By: Tom Andrews, CPA As a crewmember on a foreign flagged vessel you are probably being paid in one of three ways: You are issued a W-2 with taxes withheld.
By: Tom Andrews, CPA Now that a republican president has been elected to office along with a majority republican congress, tax reform is almost certain. Since the election I have