Today's podcast is a live webinar presented by Evelyn Ackah, Immigration Lawyer, and Laura McLeman, CPA, CA, CPA (Illinois), of Citizen Abroad Tax Advisors.

Cross Border Business: Practical Immigration and Tax Solutions

The main aspects of NAFTA that apply to individuals, professionals and companies

Using NAFTA

The preferred tool to facilitate cross-border movements between Canada and the United States is the North American Free Trade Agreement - NAFTA Used for temporary entry - not permanent NAFTA was established in 1994 to support economic and trade relationships between the United States, Canada and Mexico As part of NAFTA, three main nonimmigrant categories were created: 1) Business Visitors (B-1 Visa) 2) Professionals (TN Visa) 3) Intra-company transferees (L-1 Visa)

Benefits of HR and Leadership Training on Cross-Border Business Issues

Create awareness of the rules for business leaders and HR Allows business to address the issue and make informed business decisions regarding risk vs actual cost Increases the compliance of employees who are taxable Informing employees of their responsibility Puts the risks on employee and reduces the employer’s risk if employees ignore and attempt to push the consequences to management Protects the Employer from significant tax, interest and/or penalties Address the issue instead of ignoring the issue
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