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Are there any government help or specialised bank loans and financing options?
730 views
Narine Poghosyan, Manager at OneTouch Ventures
@Aishah Mustapha, do they help to export only from Australia?
Andrew Dan, Director at Adlaide Solar & Electrical Services
Ask A.S.P.A - Australia South Pacific ASEAN Chamber of Commerce for some advice.
I'm planning on just New Zealand first.
864 views
Steven Freeman at Evolved Sound
You need to consider the local customs and delivery rules of each local region you plan to send to.
A local courier company that can send internationally can fill you in with most info.
Dan Cadieux, Bookkeeping - Virtual CFO - BAS Agent at Accolution Pty Ltd
Generally an Australian business operating remotely in the US market (eg. ecommerce company) will be taxed in Austraila, not in the USA.
However, there are a number of other considerations, like:
1. US Sales Tax - each state has different threshholds for collecting sales tax.
2. US Income Tax - if your company has an office or employees in the US then your US earnings will be subject to US income tax. It's not quite that simple but they are factors that contribute to your business having what is called a Permanent Establishment and being liable for tax.
It is often advantageous to setup a US company for your US business. We have helped many Australian companies do it.
Feel free to get in touch with your specific company situation for further advice
Eloah Paes Ramalho , Community Manager at SavvySME
That is such a wholesome answer, @Dan Cadieux ! How does one go about setting up a call to discuss this with you? Also, is the process similar for other locations/countries than the US? Wouldn't it end up quite administratively heavy to set up a business in multiple countries?
Dan Cadieux , Bookkeeping - Virtual CFO - BAS Agent at Accolution Pty Ltd
Hi @Eloah Paes Ramalho to get in touch and discuss US and global tax we can be contacted via phone or email from our website www.accolution.com.au
Other countries are similar to the US, for example when selling into the EU charging VAT needs to be taken into consideration. Although setting up separate businesses in other countries can add complexity it does help limit liability which is often a key consideration for entrepreneurs.
Founder at OMGhee
Director at Global Forwarding Pty Ltd