The United States is one of the few countries that taxes its citizens on their worldwide income, regardless of where they live. This can be an immense burden for US citizens living abroad, and it might be one of the reasons they decide to renounce their US citizenship. As mentioned in the California...

Since 2020, the US government has awarded three sets of checks ranging from $600-$1,400 to US residents who meet specific qualifications. Americans residing overseas are entitled to get checks, and if you have eligible children, you might receive an additional $500 to $600. What happens when you rea...

Numerous popular ex-pat destinations offer reduced taxes and living expenses compared to countries such as the United States. This indicates that if you are setting up a business in the USA, your capital will go much further. Moving to a foreign nation can be an exciting prospect for entrepreneurs, ...

Millions of expats pick up their lives and migrate across the world with the dream of never returning home to their country. While embracing the new culture, responsibilities, and diversified customs, they often forget to fulfil their “old” responsibilities. About 10 million US expats ar...

Many QuickBooks Online users get confused when they see a mysterious undeposited funds account on their balance sheet. Although this account is helpful for specific types of businesses, it’s a headache for others. This post will help you understand the purpose of an undeposited funds account, how ...