By: Tom Andrews, CPA It is inevitable… every captain at some point in their career will pay for a vessel expense out of their own pocket only to be reimbursed
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By: Tom Andrews, CPA Nonresident crewmembers have long been at a tax advantage over their American counterparts. While American’s must report and pay tax on their worldwide income many nonresidents
By Tom Andrews, CPA Worker’s Compensation is a form of state insurance that provides benefits to employees injured in the course of employment. Two of the more frequently asked questions
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
Foreign Earned Income Exclusion, nonresident crewmembers, tax myths, withholding tax, yacht crew taxes, yacht crewmember taxes, yacht crewmembers, yacht payroll
By: Tom Andrews, CPA Over the past 24 months our office has been very busy assisting clients who are either applying for a new home loan or refinancing their current
home loans, mortgage, mortgage documentation for yacht crewmembers, yacht crew loans, yacht crew tax documentation, yacht crew tax returns
By: Tom Andrews After much debate and anticipation, Congress has passed the American Taxpayer Relief Act of 2012 which averts the tax side of the fiscal cliff, provides numerous extenders
2013 Tax Changes, Luxury Yacht Crew, nonresident yacht crew, witholding taxes for nonresident crewmembers, yacht captain tax return, yacht crew tax return, yacht crewmember taxes
By: Tom Andrews, CPA My columns normally address the tax topics of Americans working in the yachting industry. In this month’s column, I will address the topic of non-residents who
nonresident yacht crew, payroll processing for yacht crew, payroll service for yachts, yacht crew, yacht crew payroll, yacht crew services, yacht crewmembers, yacht payroll
By: Tom Andrews, CPA Crewmembers that have been in the yachting industry for the past seven years are quite aware that the tax and financial reporting landscape has changed. The
By: Tom Andrews, CPA My columns normally address the tax topics of Americans working in the yachting industry. In this month’s column, I will address the topic of non-residents who
By: Tom Andrews, CPA Foreign gifts are a frequently discussed topic in my office. Many crewmembers have friends, family, spouses etc. who are nonresidents living outside the United States. These
charter tip income, charter tip tax, foreign gift tax threshold, foreign gifts, IRS Form 3520, tax on fits from foreign corporations, transferring assets between resident and nonresident, transferring funds between resident and nonresident