The UK’s Controlled Foreign Companies (CFC) rules are designed to prevent UK taxpayers from avoiding UK tax by shifting profits to low-tax jurisdictions. These rules apply to companies that are controlled by UK residents and derive their income from activities that are not carried on in the UK. A controlled foreign company (CFC) is a […]
The UK’s CFC Rules Read More »
It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold and deposit income taxes, social security taxes and Medicare taxes from the wages paid to an employee. Additionally, you must also pay the matching employer portion of social security and Medicare taxes as
Worker Status – Contractor vs Employee Read More »
