Matriarch Tax Tips - June 2024

Matriarch Tax Tips

May 2024

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Thursday Thoughts & Tips from your

Expat Tax Maven

at Matriarch Tax & Advisory

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Hello Reader,

I've curated some great pieces of content I've found over the past month to help you and your business stay β€œin the know” 🧐 and keep you updated on any important tax updates πŸ’‘ and news worldwide that may affect your expat life.

So finish off your week with some notable news and interesting articles.

And in case you don't already follow Matriarch ....πŸ‘‡

πŸ’« Mary Milner featured by Her Expat Life Ltd

Recently I was interviewed by Her Expat Life Ltd, a boutique global mobility firm that provides services to female expats and digital nomads who are entrepreneurs, creatives, professionals, and investors who desire to advance their global lifestyle, network, and portfolio.

I talked about Matriarch's mission to empower expats to manage taxes through a collaborative relationship, creating a female-friendly atmosphere.

We also discussed:

πŸ’‘ How expats can exclude income from US taxes

✈️ Qualifying for the Physical Presence Test the year an expat moves abroad

πŸ’Έ Avoiding double taxation with foreign tax credits

πŸ’Ό Self-employment taxes for expatreneurs

πŸ“ˆ Tax planning for expats

🧐 Common misconceptions in expat tax filing

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Click to read! πŸ‘‰ Expat Tax Mastery: CPA Mary Milner’s Essential Tips for US Women​

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πŸͺ§ Bitcoin ETF Craze Reaches Australia Following $53 Billion Success in US

Australia is advised to levy a digital platform tax on big tech firms to finance credible news outlets, combating the proliferation of misinformation and disinformation.

πŸ’» Top Work Laptops of 2024 (So Far)

Need to get down to business? Today's business laptops are sleeker and more amazing than before. Discover your ideal mobile work partner: Explore the best business laptops in the market, supported by in-depth reviews from PCMag.

πŸ‡²πŸ‡Ύ Microsoft's $2.2 Billion Investment in Malaysia Signals Southeast Asia's Appeal for Silicon Valley

The tech giant will invest $2.2 billion in Malaysia for cloud technology and artificial intelligence, representing its largest investment in the country. This announcement was made by the chief executive during his Southeast Asia tour.

🩺 Regulatory Challenges of Mental Health Chatbots in the US

In a recent article in Nature Medicine, a team of researchers investigated the regulatory shortcomings and potential health hazards associated with AI-powered wellness apps, particularly their management of mental health emergencies.

πŸ“‰ OECD Forecasts: UK to Rank as G7's Worst-Performing Economy in 2025

The OECD has forecasted that due to high interest rates and restrictive fiscal policy, the U.K. will experience the weakest economic performance among G7 nations next year, impeding medium to long-term economic growth.

🌱 Revolutionary Soil Sensor Begins Trials in UK Agriculture

A cutting-edge soil station, aimed at boosting profitability for European farmers, is now being trialed at over 20 farms in the country. This station measures nutrient movement in the soil to help growers decide when to apply fertilizer for optimal nutrient uptake efficiency (NUE).

πŸ‡¨πŸ‡¦ Gov Reducing Temporary Foreign Workers Program Amid Calls for Overhaul

Ottawa aims to reduce the influx of temporary residents by 2027, with plans to decrease the quota for temporary foreign workers in most sectors from 30% to 20% of a company's workforce.

🌎 Declining Labor Productivity Poses Risk of Investment Exodus to Mexico

Economists and lobby groups warn that CA's low labor productivity may lead to the loss of billions of dollars in investment to Mexico amid a nearshoring trend, where companies relocate supply chains to North America.

See you next month!

Mary πŸ’—

Now enjoy your morning brew β˜•and finish the week strong! 🩷

Matriarch Tax

Stay connected 🀝 with our monthly newsletter, where Matriarch brings you a curated selection of news and information tailored to keep you and your business β€œin the know.” 🧐 From crucial updates for US expats to savvy tax savings tips for American entrepreneurs, we've got you covered! πŸ’‘ Subscribe now to cap off your week with the most noteworthy developments from the US and all around the globe! 🌍