Virtual Accountant for US Tax Filing
In today’s digital age, it can be easier than ever to find exactly what you’re looking for with a few simple keystrokes. This translates to a never-before-seen level of accessibility for users who want to find information, either general or personal, and more opportunities for business owners to cut costs. Still, there is often a certain amount of trepidation about relegating important business tasks to a stranger sitting at a computer half a world away – a reasonable concern, to be sure.
Properly utilized, though, the Internet can be invaluable to those who want to offload bookkeeping and accounting responsibilities without losing touch with their finances. Virtual accountants can provide the same level of expertise as a physically present professional without the need to meet in person or hand over documents yourself. With a whole host of handy advantages – including the ability to easily access important financial statements – virtual accounts can provide the perfect solution for you.
With more than three decades of experience helping Americans living abroad to navigate the U.S. tax system, Ted Kleinman, CPA, can give you all the help you need. Ted and his team of qualified accountants specialize in aiding expatriates and digital nomads of all stripes. We can work around your schedule and meet your needs. Contact us today by calling (541) 923-0903.
Benefits of Virtual Tax Accountants
The explosion of Internet-based services over the last few decades has brought with it a unique opportunity for people living and working abroad, whether you’re a small business owner, digital nomad, or self-employed consultant. So many Americans have sources of income tailored to their specific needs, and in a lot of these cases a full-time bookkeeper is an unnecessary luxury.
Flexibility and Accessibility
Luckily, gone are the days when reliable accountants have to be found in your neighborhood. The increased connectivity provided by the Internet means that you can pick and choose which bookkeeping and accounting services you want to receive and from whom, while the unparalleled accessibility means that you can retrieve your financial information anywhere, at any time. Using a virtual accountant can help you cut costs without sacrificing service.
Convenience Regardless of Where You Live and Work
Life in a foreign country can come with its fair share of difficulties; language barriers, unfamiliar currency, new customs, and convoluted tax codes are just a few of the obstacles in the path of most American expats. Fortunately, finding an accountant who can handle your taxes – regardless of which country you may call home – is easier than you may think.
A number of certified public accountants now offer a variety of online services to anyone with an Internet connection. These services often include quick and easy access to all the documents and information you could want in a bookkeeping arrangement at a fraction of the cost of keeping a full-time accountant on payroll and with considerably less effort than what it would take to find a qualified accountant in your neighborhood.
Virtual accountants also feature flexible scheduling, with meetings offered in a variety of media – email, phone, video chat, etc. – so you don’t have to bend over backwards to get an appointment. Get the services you need at the times you want, all without having to leave the comfort of your home or office.
How an Accountant Specializing in Taxes for Expats and Digital Nomads Can Help
It can be tempting to try and file your tax returns on your own, especially as that filing deadline creeps closer and closer. For some taxpayers, this may be a viable strategy – namely, those living in the U.S. who will likely claim few exemptions or deductions. Unfortunately, those living abroad face a more complicated gauntlet of tax codes and forms that can leave even longtime taxpayers scratching their heads. This is where experience comes into play.
Working with an accountant who specializes in tax filings for expats and digital nomads can ensure that you avoid the fines and penalties that come with missing paperwork or delayed filing. In addition, there are several deductions and exemptions that apply exclusively to those living in another country.
The foreign earned income exclusion is perhaps the most well-known of these; it allows some taxpayers living abroad to reduce their taxable income by more than $100,000, saving significant sums in the process. Working with an experienced CPA who has knowledge of this particular area of tax law can be quite beneficial to your bottom line.
Contact Virtual Tax Accountant Ted Kleinman Today
It is a simple fact that all American citizens need to file tax returns with the IRS, regardless of where they live. In fact, the U.S. is one of only two countries in the world that determines citizens’ tax burdens based on country of origin rather than geographic location. If you live abroad and want to take advantage of all the tax breaks afforded to you under U.S. tax laws, contact an experienced CPA who knows how to handle the complex web of exclusions, exemptions, and deductions that may apply to your situation. Call U.S. Tax Help today by calling (541) 923-0903.