Tax and Related Issues When Employees Relocate to the U.S.

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We find that the start of the new school year is popular timing for having employees with families relocate to the U.S. Any Israeli corporation considering relocating an employee should be aware that there are certain consequences, tax and otherwise, to:

• The employee,

• The U.S. corporation that will be the employer, and

• The Israeli corporation its...

MK Tax is celebrating how it has grown in the past two years. We’re now a team of ten people dedicated to serving you. And we’re thrilled to announce that our expansion has led to a brand new home for us: a new office. Situated right at the entrance to Jerusalem, and directly on the speed train route—only 27 minutes from Tel Aviv—our new office captures our values of professionalism and unsurpassed service, while expressing our unique contribution t...

MK Tax in collaboration with other leading tax experts, invite you to join our morning seminar as we explore how the recent tax changes affect your company. Please click here to register.

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Nearly all Israeli startups that operate in the US will incorporate in Delaware. For that privilege, each Delaware corporation is required to file and pay an annual franchise tax by March 1, 2019. Unlike the standard income tax calculation, the franchise tax is due whether or not the US company actually has any profits. As a matter of fact, it is often times the companies which are generating significant losses whic...

The WayFair Case. And the Way Ahead, Fair or Not…

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Something monumental has just occurred regarding the expansion of the sales tax net which will now capture many more businesses, including those based in Israel and selling to US clients. Such businesses may need to increase the overall charge for their product to include sales tax as well as carry the burden of collecting and reporting the tax. Additionally, such com...

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Payroll is often times a start up’s first exposure in dealing with US tax matters. There are so many critical decisions to make right at the get go – what are the accepted compensation packages in the US, what benefits to offer, what service provider to use, how does it all work.

In an effort to provide the proper guidance in this area, we invited our esteemed US colleague David Bercow, Director at Trinet (...

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In our latest and largest success yet, MK Tax undertook a consulting case to resolve an outstanding assessment issued to a hi-tech company. The charge of $550,000 by NY state authorities included penalties and interest dating from 2003 - 2017. The case involved proving that the client did not have an obligation for a NY workers compensation policy for their employees during those years. Following discussions with th...

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When is Sales Tax Relevant?

While the concept of U.S. sales tax is similar to Israeli VAT regulations, the actual implementation and definitions are vastly different. For starters, unlike VAT which falls under one tax jurisdiction in Israel, sales tax in the U.S. is imposed on a state by state basis other than in the four states which do not impose sales tax at all (Delaware, New Hampshire, Montana and...

Miriam Konstam, CEO at MK Tax, in conjunction with Chaya Siegfried, Lead of International Tax at the renowned US accounting firm, Withum walk Israeli startups through the impact of the U.S. Tax Reform. View the slides and listen to the recording of the one-hour webinar here.