Business Structures...
 
Notifications
Clear all

Business Structures & STX CPA's

(@stxdreaming)
Posts: 68
Trusted Member
Topic starter
 

Good morning all,

Can anyone recommend a CPA to who can give advice with regards to business structures and tax advice?

We have a couple of businesses here in the mainland. We are also looking to move to STX and will have a business there. I am wondering if it is worth having the STX business attached to our company here on the mainland or having a completely separate entity in STX. The reason I would have it here is due to the ease of health insurance as we will live in STX part-time. That said, it might be more favorable to have everything based in STX.

Would be interested to get people's thoughts.

Happy Holidays to you all.

 
Posted : December 6, 2018 1:50 pm
(@speee1dy)
Posts: 8867
Illustrious Member
(@Gator's Mom)
Posts: 947
Prominent Member
 

The Small Business Development Center at the University of the Virgin Islands provides consulting services free of charge.

http://www.sbdcvi.org/

 
Posted : December 6, 2018 2:25 pm
(@caribstx)
Posts: 546
Honorable Member
 

What type of businesses?

 
Posted : December 6, 2018 4:10 pm
BPBlue
(@bpblue)
Posts: 50
Trusted Member
 

Following.  I am in a similar situation due to needing to keep mainland business Health Insurance.

 

 
Posted : December 19, 2018 10:54 am
(@gators_mom)
Posts: 1300
Noble Member
 

IRS has information about whether or not you are a bona fide citizen of the Virgin Islands - and how to file taxes if you have connections to the VI and the mainland. 

Access to health insurance, HMO in particular, usually is based on where you permanently reside. Many plans provide only emergency coverage outside of where your home is. I would read your policy carefully.

https://www.irs.gov/individuals/international-taxpayers/individuals-living-or-working-in-us-possessions

 

 
Posted : December 19, 2018 11:38 am
Search this website Type then hit enter to search
Close Menu