Hiromi's Blog

Choosing the right business entity in the US

A definitive guide to choosing the best business structure for starting a business in the USA. Explore in-depth the characteristics, advantages, and disadvantages of Sole Proprietorships, Partnerships, LLCs, S-Corporations, and C-Corporations, clarifying the ideal conditions for each business type.

2024.01.17

Company Formation

Blockchain technology: the potential to transform future business

Explore how blockchain technology revolutionizes various business aspects including supply chain management, financial transactions, smart contracts, and data security, ushering in a new era of innovation.

2024.01.01

Miscellaneous Note

Foreign tax credit on income in Japan for US residents

Learn about the foreign tax credit for U.S. residents earning income in Japan. Discover the procedures, calculation methods, and essential points to effectively save on taxes.

2023.12.01

Tax

Digital assets and taxation in the United States: key points

Explore the taxation intricacies of digital assets in the U.S., covering Bitcoin, virtual currencies, NFTs, and more. Learn about reporting strategies for events like asset sales, exchanges, hard forks, and airdrops. Understand taxable and non-taxable events, and ensure compliance with the latest tax laws and regulations. Accurate record-keeping for digital asset transactions is crucial, and seeking advice from experts for personalized and legal tax planning is recommended.

2023.11.28

Investment

Understanding the U.S.-Japan Tax Treaty, Form W-8BEN, and Form 6166

Explore the U.S.-Japan tax treaty, along with Form W-8BEN and Form 6166, in this comprehensive guide. Clear explanations of tax procedures and the fundamentals of the U.S.-Japan tax treaty are provided in this article.

2023.11.10

Tax

Home office deduction under US tax law (expense deduction for telecommuters)

Explore the ins and outs of home office deductions in the U.S. and learn how remote workers can maximize tax benefits. Discover the eligibility criteria, calculation methods, and essential record-keeping practices to save on your taxes.

2023.10.30

Tax

Section 179 Deductions and Bonus Depreciation: Use Your Assets Effectively and Seize Tax Savings Opportunities.

Gain a deep understanding of Section 179 deduction and bonus depreciation in U.S. tax law. Learn how to effectively leverage assets to minimize taxes and seize tax-saving opportunities for your business. Get essential insights for maximizing tax savings.

2023.10.17

Tax

Comparison of rent and state taxes in major US cities

Compare rental prices and tax information in the top 10 states in the United States. Explore state taxes and rents in California, Hawaii, New York, Washington, Texas, New Jersey, Illinois, Florida, Oregon, and Massachusetts using data from 2023.

2023.09.29

U.S. Life

Educational expense tax deduction in the United States

Learn about the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC), two key education-related tax deductions in the United States. Find out who qualifies, the necessary criteria, income limits, and how to claim these tax credits.

2023.09.19

Tax

Traditional IRA vs. Roth IRA: Advantages and Disadvantages

In personal financial planning, it's crucial to consider pensions and investments for securing post-retirement funds. Traditional IRA and Roth IRA are popular choices, each with its own advantages and disadvantages. Explore the details of these retirement plans and understand the key factors to consider in making the right choice.

2023.09.15

Tax