Use an Accountant Familiar with Ukrainian and US Tax Laws
A major mistake you’ll see international internet business entrepreneurs making is not using accountants familiar with both the US federal and state tax laws as well as another country’s tax laws. So, do yourself a favor and hire an accountant familiar with the US and Ukrainian tax laws.
You must account for showing legal invoicing for your charges of services and goods as well as responsible for Value Added Tax (VAT). Some of the legalities involved are mind-boggling and you must remember – this is not your specialty. There are many certified Ukrainian accountants looking for a job using online job search engines. You’ll save yourself time and money by not dealing with the IRS and other tax authorities.