Business Structures & STX CPA's
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.
What type of businesses?
Following. I am in a similar situation due to needing to keep mainland business Health Insurance.
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.