It is with great pleasure that the principals of MacNeill Edmundson Professional Corporation and Day & Day Chartered Professional Accountants have merged their respective practices of Accounting effective January 4, 2016.
US Taxation of Individuals The United States is one of two countries in the world that taxes individuals based on citizenship rather than residency. All US persons are required to file an annual US individual tax return (Form 1040) to report their worldwide income, whether they live in the US or abroad. How to be…
The Canada Border Services Agency is working on an information sharing agreement between Canada and the United States that allows border officials to exchange specific passport information and enforce residency regulations. As of June 30, 2014, each day that a Canadian spends in the US is automatically recorded by the American Department of Homeland Security.…