Importing Goods into the U.S.
| Canadian companies with U.S. subsidiary or branch operations may be importing into the U.S. directly from overseas suppliers, as well as from Canadian parent and affiliated companies.
Minimizing your Exposure to Fraudulent Activity
| With fraudulent activity on the rise, it’s important to establish internal procedures to guard against fraud and abuse. This article outlines some of the actions you can take to help your company reduce the risks associated with fraud.
Business Banking in the U.S.
| When considering expanding your business into the United States, you will find that there are many differences in the banking methods observed in the U.S.
Cross Border Card Programs
| Accepting credit cards from business to business represents one of the fastest growing channels of e-commerce today. A handful of elite Merchant Credit Card Processors can provide business to business card acceptance in both Canada and the United States on a single entry platform.
Establishing a Credit and Depository Relationship
| As you plan and execute a U.S. expansion strategy, you will undoubtedly be faced with a myriad of decisions. Choosing a bank will be one of the most critical.
Collecting Receivables in the U.S.
| As a business owner operating in the U.S., there are some important things to know when it comes to paying suppliers and collecting funds from customers.
| As a Canadian company moves closer to establishing its first US location, drafting a budget is a key consideration and one that comes with challenges. Even with an estimated hourly wage, a prudent company will want to understand its ‘true cost of employment’.
NYS Minimum Wage Increase Schedule
| Governor Andrew Cuomo signed legislation allowing for a gradual increase of the NYS minimum wage. The schedule indicates that as of 2020 minimum wage in the Buffalo Niagara region will be $12.50 for non-exempt workers in industries other then fast food.
HR Considerations when Entering the U.S.
| If you are a Canadian company looking to expand into the U.S. and you will have U.S. employees, it will be beneficial for you to know some of the human resources differences between the two countries.
Buffalo Niagara Workforce
| There is an exciting vibe taking over the region, companies are moving in, and young workers are moving back. According to the Bureau of Labor Statistics, the unemployment rate in Erie County was 5.6% at the end of Q4 2014, down from 6.4% in 2013.
Independent Contractor or Employee?
| Treating workers as independent contractors has many benefits for employers, including avoiding the cost of payroll taxes and benefits and not having the administrative requirements associated with employees.
When Does an Employee have Personal U.S. Tax Liability?
| The Canada-U.S. Income Tax Treaty provides special rules for Canadian employees who are residents of Canada but work in the United States. Provided the employee is not a U.S. citizen or resident, they will be exempt from U.S. taxation on employment income earned in the United States if:
U.S. Congress Passes Tax Extender Package
| It’s the Protecting Americans from Tax Hikes Act of 2015 or, simply, the PATH Act. It does more than just extend expired tax provisions for another year. The bipartisan deal makes about one-third of these tax provisions permanent. An important provision for business owners.
New York Tax Reform Benefits Manufacturers
| On March 31, 2014 New York State enacted significant changes to reform its corporation tax laws, most of which took effect January 1, 2015. Included in the corporate tax reform are changes that will greatly benefit qualifying New York State manufacturers by reducing the income tax rate to 0% and creating a 20% real property tax credit.
Record Retention Timeline for Businesses
| Canadian companies expanding into the U.S., should be aware of U.S. policies, procedures and requirements for maintaining records and important documents.
Tax Considerations for Entering the U.S. Market
| Business savvy Canadians know that their entry into the U.S. market takes more than just crossing the bridge. Business planning that contemplates the intricate tax considerations of border crossing is a must.
Foreign Investment Driving Jobs and Growth at Home: New Study by EDC
| Export Development Canada released a ground-breaking study that has shed new light on why Canadian companies invest abroad, and the benefits to Canada’s domestic economy. As the survey of 546 Canadian companies demonstrates, investing overseas has led to increased job numbers at home.