Government Withholding: Current federal law will require government entities (those with $100 million in annual expenditures) to withhold 3% from payments for goods and services starting in 2012. The 3% withheld will be allocated toward a company or individual’s tax liability. This requirement will have a major impact on the daily operations of businesses. If you would like more information please contact us. /posted by Myron Fisher, CPA
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International Accounting & Tax Services
Baldwin CPAs, PLLC provides accounting and tax services to foreign corporations and individuals doing business within the United States as well as companies and individuals with activities abroad in countries such as of Japan, Canada, France, China, United Kingdom, Germany, and Mexico.
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