An American company hires an independent contractor in a foreign country. A U.S. business sends an employee overseas to work on a special project. A spouse follows a partner abroad and wants to work remotely from home. A Wisconsin corporation hires an international, nonresident director. Globalization continues to transform “traditional” American employment models. While cross-border employment structures provide a host of benefits to both individual workers and businesses, navigating international taxation and payroll issues can quickly become tricky.
Tax compliance and global payroll obligations
It’s important that American companies properly understand U.S. and foreign tax laws, so they don’t overpay or find themselves slapped with penalties for noncompliance. At Income and Payroll Tax Issues in International Services, you’ll learn:
- When companies are responsible for paying foreign income tax
- When payroll tax and social security withholding obligations come into play under U.S. and foreign law
- If Wisconsin businesses can claim a deduction for stock-based compensation for services performed overseas
- How U.S. citizens working abroad can avoid double taxation
- Tax considerations for paying international director fees
When it comes to payroll and tax issues for international services, it’s especially vital that your clients play it “by the book.” Know the ins and outs of tax considerations and register today!