Samuel Lai
Bio
Tax Expert| Tax Planner| Entrepreneur
Our goals are to provide you with tax planning strategies to minimize your taxes while maximizing your income and preserving your assets.
Stories (8/0)
R&D Credit
In terms of R&D (Research and Development) tax credit, large corporations, like SpaceX, Pfizer, and many others have received millions of dollars of the tax credit from the U.S government. However, large corporations are no longer the only group that could be benefited from R&D credit. The tax laws have made further changes to the tax credit that most small businesses are able to get the R&D credit.
By Samuel Lai2 years ago in Journal
Digital nomads ≠ Tax dodgers
Digital nomads, by definition, are people who use telecommunications technologies to earn a living and, more generally, conduct their life in a nomadic manner. They often work remotely from foreign countries or any other place than a traditional office. Whether rightly or wrongly, digital nomads have appeared to gain a reputation as tax dodgers. Many people assume that digital nomads do not need to file tax returns or pay taxes. However, if you are one of the digital nomads, you should pay attention to the following example.
By Samuel Lai2 years ago in The Swamp
Infrastructure Bill. What does it mean to Crypto Investors?
On November 15, 2021, President Biden signed the $1.2 trillion “Infrastructure Investment and Jobs Act” (the “Act”), commonly referred to as the “infrastructure bill.” The Act allocates funding and other resources focused on roads and bridges, water infrastructure, resilience, internet, and cybersecurity, among other areas. In addition, it includes some new legislation crypto investors should know about.
By Samuel Lai2 years ago in 01
Do you have a bank account in a foreign country - This is what you need to know
n today's globalization world, it is fairly common for U.S taxpayers to have one or more financial accounts located outside of the U.S. By definition, financial accounts are included checking & saving bank accounts, pension accounts, and investment accounts. But you might be surprised that you have to report your money in foreign bank accounts to the U.S. In addition, you have to file a special form with FinCEN, the U.S Treasury Department’s Financial Crimes and Enforcement Network. This special form is commonly called “FBAR” or FinCEN Form 114, Report of Foreign Bank and Financial Accounts.
By Samuel Lai2 years ago in The Swamp
Are you an Airbnb host?
If you are thinking about using Airbnb or other short term rental sits to make a little extra money, these are the important things you need to know and you can follow the tax tips below to keep your income taxes to a minimum or even somethings complete eliminate.
By Samuel Lai2 years ago in Lifehack