It is essential that the information received by the taxpayers be precise to avoid penalties.
Since NAFTA passage was a difficult legislative feat in 1994, domestic political considerations may again ultimately drive whether the rebranded USMCA is implemented in North America.
Posted by Carlos Calderon on July 26, 2018
On May 31, the US Department of Commerce announced that tariffs on steel and aluminum were no longer valid for Mexico, Canada and the European Union. Hence, these countries became subject to a 25% and 10% tax on tariffs for these materials effective June 1.
Posted by Carlos Calderon on July 9, 2018
After several weeks of intense negotiations the deadline was met for Canada and Mexico to present an advance report on NAFTA to the US congress.
Posted by Carlos Calderon on June 21, 2018
Drafted in 1992, the NAFTA document was designed to define the rules of commerce between Mexico, Canada and the United States.
There are six key issues to consider before a business expands to Mexico. It is strongly recommended to consult a tax and accounting advisor before doing business in Mexico to avoid penalties, fees and fines.
Posted by Clayton & McKervey on January 15, 2018
Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announced that Carlos Calderon has rejoined the firm as …
Clayton & McKervey shareholder helps establish new ‘Great Lakes Chapter’ of the United States-Mexico Chamber of Commerce
Posted by Clayton & McKervey on May 12, 2017
Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announces that Timothy Finerty CPA, a shareholder at the firm, is a founding board member of the newest chapter of the United-States Mexico Chamber of Commerce (USMCOC), the Great Lakes Chapter, based in Detroit.
Posted by Tim Finerty on December 22, 2015
A common practice for many US companies with activities in Mexico is to pay Mexican residents as independent contractors. US companies do this so they …
Posted by Tim Finerty on January 24, 2014
How will Mexico’s new tax laws impact your company? The Mexican government recently made significant changes to the tax laws that govern the country. The …