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Importing and reconciling bank transactions can be a tedious process—unless you’re using Sage Intacct’s Bank Transaction Assistant. This powerful tool enables businesses to import, match, and reconcile transactions efficiently, reducing manual workload and improving...

Managing bank transactions efficiently is crucial for businesses seeking financial accuracy and streamlined reconciliation. Sage Intacct’s Bank Transaction Assistant offers a powerful solution to simplify this process, saving time and minimizing manual effort. Why Use...

Cost savings are often the first benefit property managers and hotel owners associate with outsourcing accounting services. While reducing expenses is a clear advantage, the true impact of outsourcing goes far beyond balancing budgets. In the best cases, outsourcing...

  In the property management and hospitality industries, managing finances effectively is crucial for maintaining profitability, ensuring compliance, and delivering top-tier guest experiences. However, property managers and hotel owners now face a growing...

Microsoft has announced it will end product support and updates for Dynamics GP (Great Plains) on September 30, 2029, with security patches ceasing on April 30, 2031. For organizations relying on Dynamics GP, this is the ideal time to explore modern cloud-based ERP...

In today's increasingly internationalized society, many people hold dual citizenship. However, there are unique tax complications associated with dual citizenship. In particular, U.S.-born dual nationals often face complex tax issues because they are required to...

By Andrea Krueger, Principal, CDH, P.C. Are you worried about the long-term impacts of the current pandemic on your assets? Many companies are struggling to assess the various uncertainties in our current economic climate. According to the Wall Street Journal, the...

Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can...

Supporting cross-border life   A test called the Net Worth Test for exit taxes determines whether a global asset in your name exceeds $2 million or not as of the day before the permanent residence abandonment. Those with defined benefit plans or annuities must...

I will explain three indispensable pension knowledge of Japan and the United States that I would like you to know when obtaining U.S. citizenship from permanent residency status. In the U.S., not knowing certain critical information can quickly put you in a very disadvantageous position.

If your Japanese spouse is receiving the pension payment from Japan, you may be able to receive the survivor’s benefits when your spouse passes away. The essential function of the system is very similar to the U.S. social security’s survivor’s benefits. A surviving spouse can receive a pension in the U.S. or Japan. There is no discrimination based on the nationalities of the spouse. Here is the writing by the Japan Pension Service:

Annual tax returns. How are you filing them? Do you purchase tax preparation software, use filing agency services, or use an accounting firm?

    Although the lease standards have been delayed multiple times, the new effective date is coming up quick. Nonpublic entities should apply the new standard for fiscal years beginning after December 15, 2021, and interim periods within fiscal years...

By Koh Fujimoto Support cross-border life   Do you plan to move to Japan for your retirement with your Japanese spouse?  There are, in fact, many couples who want to move to Japan. Many think of high-quality medical service and low-cost medical and long-term care...

By Koh Fujimoto Support cross-border life   1, Income Tax Rates: I made this chart using the exchange rate of $1 equals 100 JPY. This is the tax rate table for the Japanese income tax rates. There is another important tax that you cannot forget besides the income...

  The pandemic has put extreme pressures on many businesses, and protecting profitability is of vital concern. The jury is still out on long-term inflation, but for now, we must deal with escalating material costs and shortages as well.   Lumber, steel,...