Zohair & Co. Global Accountants

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Zohair & Co. Global Accountants At Zohair & Co. Global Accountants​, we are your trusted partners in financial excellence.

With a decade of expertise, we offer tailored accounting solutions worldwide, empowering businesses with precision, integrity, and unwavering commitment to success.

Forming a US LLC does not make your income taxable in the US. Neither does selling to American customers. Whether you ac...
13/10/2026

Forming a US LLC does not make your income taxable in the US. Neither does selling to American customers. Whether you actually owe US tax depends on three questions, and most non-residents get the answer wrong in both directions.

We built a free US tax exposure checker to give you a first read in about a minute:
https://zohairglobalaccountants.com/foreign-owned-us-businesses/does-your-non-us-business-actually-owe-us-tax/

Not sure where you stand? We review your US tax position, check treaties, and handle the filings. Message us.

If you're a non-resident who owns a single-member US LLC, Form 5472 almost certainly applies to you — even if you owe no...
04/08/2026

If you're a non-resident who owns a single-member US LLC, Form 5472 almost certainly applies to you — even if you owe no US tax. Missing it carries an automatic $25,000 penalty, and it's worth knowing where you stand. 👇
🔗 https://zohairglobalaccountants.com/.../form-5472-explained/

Your US LLC might owe $0 in tax and still be facing a $25,000 penalty. Here's the trap that catches thousands of non-res...
30/07/2026

Your US LLC might owe $0 in tax and still be facing a $25,000 penalty. Here's the trap that catches thousands of non-resident founders.

If you're outside the US and own a US LLC (Delaware, Wyoming, New Mexico, or any state), there's a filing almost nobody warns you about: Form 5472.

The part that shocks people: it has nothing to do with profit.

Since 2017, a foreign-owned single-member US LLC has to file Form 5472 (attached to a "pro forma" 1120) whenever there's a reportable transaction with its owner. And "reportable" is broad: funding your own bank account, paying an expense, taking a distribution, even formation costs all count. "But my LLC was dormant" seldom holds up.

Three things that trip founders up:

📌 It's a filing, not a tax. You can owe $0 in US income tax and still be required to file. Selling online to US customers from abroad often isn't a US trade or business, but you still file.
📌 The penalty is brutal. $25,000 per form, per year, with no maximum cap, whether or not you made a single dollar.
📌 You can't e-file it. It goes by mail or fax only, by April 15 (extendable to October 15). Send it to the wrong place and, for penalty purposes, it can count as never filed.

Good news if you've been worried about BOI: as of the March 2025 FinCEN rule, US-formed entities are now exempt from beneficial-ownership reporting. But Form 5472, your state franchise filing, and possible BEA surveys are separate and still apply.

Not sure if you need to file? Our free tool walks you through it in four questions 👇
🔗 https://zohairglobalaccountants.com/foreign-owned-us-businesses/foreign-owned-us-llc/

Missed prior years? Reasonable-cause relief is far easier to argue before an IRS notice arrives than after. Message us; we handle foreign-owned LLC compliance end to end, from EIN to filing.

❌ "No tax on Social Security." You probably heard that promise. Here's what the law actually delivered instead. 👇The One...
27/07/2026

❌ "No tax on Social Security." You probably heard that promise. Here's what the law actually delivered instead. 👇

The One Big Beautiful Bill did NOT exempt Social Security from tax. What it created is a separate $6,000 senior deduction (age 65+, 2025–2028), genuinely helpful, but not the same thing, and your benefits can still be partly taxable. Don't plan around a promise that isn't in the statute.

While we're setting the record straight, three more new breaks worth knowing:

👵 Seniors (65+): a $6,000 deduction ($12,000 if both spouses qualify), on top of your standard deduction
👶 Families: the Child Tax Credit is now $2,200 per child and permanent
🚗 Car buyers: deduct up to $10,000 of interest on a new, US-assembled vehicle financed after 2024 (leases don't qualify, and the rules are still proposed)
🍼 Newborns: a one-time $1,000 federal "Trump Account" seed for US-citizen babies born 2025–2028

Every one of these phases out as income climbs, and most expire after 2028, so whether you actually benefit comes down to the fine print.

See what you're eligible for with our free benefits finder in about a minute, no signup 👇
🔗 https://zohairglobalaccountants.com/us-tax-updates/new-for-seniors-families-and-car-buyers/

Filed your 2025 return already? Most of these applied retroactively; you may be able to amend. Not sure which apply to you? Send us a message.

If you own an LLC, S-Corp, partnership, or sole proprietorship, the 20% QBI deduction just became permanent. Section 199...
25/07/2026

If you own an LLC, S-Corp, partnership, or sole proprietorship, the 20% QBI deduction just became permanent.

Section 199A was always due to sunset. It isn't anymore, which means this stops being a "claim it while you can" break and becomes something you plan around every single year.

What's changed for 2026:
✅ The 20% deduction is permanent, with no expiry date
📊 A wider phase-in range, so the deduction tapers more gently instead of falling off a cliff
💷 A brand-new $400 minimum deduction if you have at least $1,000 of QBI from a business you materially participate in

But here's what most owners get wrong: it all hinges on your taxable income:

👉 Below $403,500 (joint) or $201,750 (single) for 2026, none of the complicated rules apply. You get the full 20%. Doctor, lawyer, consultant doesn't matter.
👉 Above it, two tests bite: your W-2 wages and property, and whether you're a "specified service business." A high-earning consultant with no employees can lose the deduction entirely.

Which is why managing taxable income, retirement contributions, timing invoices, and your S-Corp salary is often worth far more than face value if you're near that line.

We built a free QBI estimator so you can see your zone and your likely deduction in about a minute. No signup 👇
🔗 https://zohairglobalaccountants.com/us-tax-updates/section-199a-is-permanent/

Getting fewer 1099s this year? Don't mistake that for a smaller tax bill. 🧾The reporting thresholds just changed again, ...
23/07/2026

Getting fewer 1099s this year? Don't mistake that for a smaller tax bill. 🧾

The reporting thresholds just changed again, and it catches freelancers, online sellers, and small business owners every time:

📱 1099-K is back to $20,000 AND 200 transactions. The $600 app-payment rule everyone dreaded is gone. Both conditions have to be met now, so $25,000 across 40 sales? No form. (Card payments are the exception; no minimum there.)

📄 1099-NEC jumps to $2,000. For the first time in ~70 years, the old $600 contractor-reporting trigger is rising to $2,000 for 2026 payments. Note the timing: the forms you file in early 2026 for the 2025 year still use $600.

But here's the part that trips people up: a higher threshold changes whether a FORM is issued, not whether the income is taxable. No 1099 does not mean no tax. If you earned it, you report it.

That's why your own records matter more than the forms in your mailbox.

We built a free 1099 form finder. Answer a couple of questions, and it tells you which form applies to your situation 👇
🔗 https://zohairglobalaccountants.com/us-tax-updates/the-1099-k-and-1099-nec-thresholds-changed-again/

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