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Global Executive ManageMent Solutions

In the current political climate, taxes have been so demonized that many citizens regard taxation itself as wrongful. And if people believe that taxation itself is wrongful, then it would seem to follow that such people would also believe that the failure to pay taxes is not wrongful...
Stuart P. Green, CNBC Blog

Certified Public Accountants
Specializing in International Tax & Consulting

 

Global Executive ManageMent Solutions (GEMMS) is a specialized accounting and consulting firm headquartered in the metro Atlanta area serving local clients as well as individuals around the world.

GEMMS focuses primarily on two lines of service: Individual income tax preparation for US taxpayers and International Assignment Solutions.

Whether the taxpayer is living in the US, living outside the US (an Expatriate 'Expat'), is moving to the US (an Inpatriate 'Inpat'), Foreign National with US tax implications, and/or International Assignee, we have the knowledge and over 60 years of combined public accounting experience to assist with any tax matter.

GEMMS also has the experience and resources to provided worldwide Tax Compliance, Human Resource, and Payroll Consulting. GEMMS provides a level of expertise only found in Big Four accounting and consulting firms with a level of focus and responsiveness only available from smaller, more flexible firms.

With affiliates around the world, GEMMS provides a one-stop all inclusive international solution.

Since we are a specialist firm, our bundled fees and hourly rates are more competitive than what you would find at a large multinational accounting or consulting firm. Our focus will be on you, your company and the solutions you require at reasonable rates.

Click here to request a quote

 

Assignee Solutions
GEMMS is a full service firm, providing
International HR, International Payroll, and International Compliance and Consulting.
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Missionary Solutions
GEMMS provides special rates for Missionaries and specializes in providing tax consulting and compliance services to missionaries.
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Individual Solutions
Unlike Big 4 accounting firms, GEMMS provides services directly to corporate assignees as well as directly to international individuals.
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Blog

  • IRS to Accept Returns Claiming Education Credits by Mid-February

    IR-2013-10, Jan. 28, 2013 WASHINGTON — As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the … Continue reading →

  • Simplified Home Office Deduction Starting This Year

    IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to ,500; Saves Taxpayers 1.6 Million Hours A Year IR-2013-5, Jan. 15, 2013 WASHINGTON — The Internal Revenue Service today announced a … Continue reading →

  • IRS Plans Jan. 30 Tax Season Opening For Tax Year 2012 Form 1040 Filers

    IR-2013-2, Jan. 8, 2013 WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual … Continue reading →

  • “Fiscal cliff” legislation includes huge number of tax provisions

    Here are the act’s main tax features: Individual tax rates All the individual marginal tax rates under EGTRRA and JGTRRA are retained (10%, 15%, 25%, 28%, 33%, and 35%). A new top rate of 39.6% is imposed on taxable income … Continue reading →

  • “Dirty Dozen” Tax Scams

    IRS Commissioner Doug Shulman recently stated “taxpayers should be careful and avoid falling into a trap with the Dirty Dozen. Scam artists will tempt people in-person, on-line and by e-mail with misleading promises about lost refunds and free money. Don’t … Continue reading →

  • Maximizing the Deduction for Start-Up Expenses

    Individuals starting a new business or acquiring the assets of an existing business often incur start-up expenses, which can be considerable, in the investigation and acquisition phase before actual business operations begin.  Most start-up expenditures can be segregated into two … Continue reading →

  • 4th Quarter 2012 US Federal Estimates

    Timing is everything and the IRS has chosen a particularly inauspicious time to close the Atlanta lock boxes used by taxpayers living in Georgia, South Carolina, Alabama, Tennessee, Kentucky, North Carolina, Missouri, New Jersey, and Virginia to mail their federal … Continue reading →

  • Bona Fide Residence (BFR) Due Date

    If you did not qualify for the Foreign Earned Income Exclusion (www.2555exclusion.com) with the carryover of a prior year BFR (www.bona-fide-residence.com) or a current year Physical Presence Test ‘PPT’ (www.physical-presence-test.com) and were forced to wait through all of 2012 to … Continue reading →

  • Tax Rate Update

    For the past several years, year-end tax planning has been a challenge for so many people.  Trying to anticipate whether Congress will act to extend some or all of the Bush tax cuts has been the cause of many a … Continue reading →

  • Last Chance for FBAR

    Time is running out for FBARs, but we can help. There has been quite a bit of press recently relating the US Treasury trying to find additional tax revenue related to non-US financial accounts.  For those of you that have … Continue reading →

  • IRS Clarifies Temporary ITIN Application Requirements

    Effective Oct. 2, 2012, the IRS implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers (ITINs). First, the IRS will allow individuals studying in the United States under the Student Exchange Visitors Program (SEVP) … Continue reading →

  • Expiration of Bush Tax Cuts

    The tax law changes – commonly referred to as the “Bush tax cuts” – are scheduled to expire on January 1, 2013.  If Congress fails to extend them, many Americans will experience a tax increase.  Many are skeptical that Congress … Continue reading →

  • 0.9% Medicare Surtax on High Income Earners

    Under the Affordable Care Act, effective January 1, 2013, there is an increase in Medicare tax for certain high earners.  An individual is liable for the additional tax to the extent his or her wages, other compensation, or self-employment income (together with that … Continue reading →

  • 3.8% Medicare Surtax on Investment Income

    Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax, enacted as part of the Health Care and Education Reconciliation Act of 2010.  This is sometimes referred to as the “Medicare” surtax because the legislation enacting this tax … Continue reading →

  • Additional 2 Month Extension

    In addition to the 6-month extension, taxpayers who are out of the country (as defined in he form 4868 instructions) can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). … Continue reading →

  • New Tax Rule for Local Lodging Expenses

    The IRS recently issued long-awaited regulations that permit certain not-away-from-home lodging expenses to be deducted by workers if they are not reimbursed by their employer. Alternatively, if paid for by the employer, the expense can be treated as a tax-free … Continue reading →

  • Foreign Financial Assets Reporting – Form 8938

    My friend and associate Hale Sheppard has written an article called “The New Duty To Report Foreign Financial Assets on Form 8938: Demstifying the Complex Rules and Severe Consequences of Noncompliance.”  It was just published in the International Tax Journal. … Continue reading →

  • Dutch Tax Update

    The 2013 Budget Bill or the so called Spring Deal has recently been approved by the Dutch Senate. This Budget Bill contains a number of measures which are intended to bring and keep the Dutch budget deficit at the EU … Continue reading →

  • Affordable Healthcare Act & Dutch 30% Ruling

    July News Letter Happy Birthday USA.  Enjoy your holiday but remember to be safe and thank a veteran. Below is a list of hot tax topics.  We hope you find the information helpful and useful. US – AFFORDABLE CARE ACT … Continue reading →

  • Chartered Global Management Accountant

    Chuck Heyde obtained his Charted Global ManageMent Accountant (CGMA) designation today.  Congratulations to Charles “Chuck” Heyde, Jr, CPA, CGMA You can read more about this important new global designation at www.CGMA.org. The Chartered Global Management Accountant (CGMA) is a new … Continue reading →

  • FBARs and June Extensions due this Month

    June News Letter I cannot believe June is here already – kids are out of school, summer vacations are well in swing, and I hope you are all enjoying your summer … Below is a list of hot tax topics. … Continue reading →

  • GEMMS Celebrates 10 Years of Service

    In May of 2002 while Arthur Andersen began shutting down and most Andersen employees began moving to other Big 4 firms and clients of Andersen, James Smith developed a better idea.  James believed we could offer a better service at … Continue reading →

  • Illegals Using ITINs for Child Tax Credits

    Attached is a link to an investigative news story out of Indiana. The story is about how some of our neighbors from the south have figured out how to scam the US Tax system and steal the child tax credits … Continue reading →

  • Record Number of Individuals Renounce US Citizenship

    Special Report: Tax time pushes some Americans to take a hike. http://www.reuters.com/article/2012/04/16/us-usa-citizen-renounce-idUSBRE83F0UF20120416 (Reuters) – A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship. “‘Truth, justice, and the American way’ – it’s not enough anymore,” the … Continue reading →

  • IRS Voluntary Disclosure Extended

    WASHINGTON – The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than .4 billion so far from the two previous international … Continue reading →

  • GEMMS Commercial

    At long last we have finally created and uploaded our commercial.  If you ever wondered what we do or what GEMMS stands for – here it is - http://www.gemms.us/Videos.  Please be sure to Like on Facebook, +1 if you Google+, and … Continue reading →

  • Last Chance to Claim Home Energy Credits Expiring in 2011

    Cross References IRC §25C, Nonbusiness Energy Property Form 5695, Residential Energy Credits The nonbusiness energy property credit is scheduled to expire at the end of 2011 so taxpayers only have a short time to take advantage of this credit. The 2011 … Continue reading →

  • Why More U.S. Expatriates Are Turning In Their Passports

    I have been screaming about the long term expatriates giving up their citizenship for years now and finally someone is listening.  Time has written an article about it. Read more: http://www.time.com/time/world/article/0,8599,1983238,00.html#ixzz1dixX6Rpa

  • IRS Updates -Foreign Persons Receiving Rental Income From U.S. Real Property

    U.S. real estate professionals and rental agents/property managers are encountering an increasing number of situations that involve foreign persons? acquiring U.S. real estate as a part-time residence, for investment or in some cases to conduct a U.S. business. Read more … Continue reading →

  • Shameful Double Taxation of Individual Expatriates

    Everything you wanted to know but were afraid to ask about IRC 877A – Expatriation Taxation of US Citizens. http://www.gemms.us/gemms/877A-Expatriation.pdf

  • IRS to Begin Fingerprinting Tax Preparers

    The Internal Revenue Service plans to start fingerprinting thousands of tax preparers as part of its oversight program and run the fingerprints through an FBI database. Read more here - http://www.accountingtoday.com/news/IRS-Begin-Fingerprinting-Tax-Preparers-60267-1.html www.GEMMS.us

  • Individual Tax Return Filing Deadline

    Your individual taxpayer extensions (Form 4868) will expire this weekend.  That is, our 2010 Individual Tax Returns will be due at 11:59:59pm on Monday October 17, 2011. If you need any assistance, please do not hesitate to contact us immediately. … Continue reading →

  • I like Herman Cain’s 9-9-9 plan but have one question.

    What happens to all the people that work in the tax fields if his plan is fully implemented? That is, what happens to the employees at the IRS, the Big 4 firms, the HR Blocks, the people that make tax … Continue reading →

  • Accidental Expatriate

    Many companies are sending individuals outside the U.S. to work without understanding the effects to the individuals’ tax situations.  Read more here: http://www.gemms.us/images/PDF/1844.pdf  

Daily News

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