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TABS Talk – June 2025

By OnJune 5, 2025 0 Comments
As we dive into summer, we’re excited to share some big milestones, fresh insights, and opportunities to connect.

First, we are thankful to have celebrated our 15th anniversary last month with a team event in Austin, TX. To mark the occasion, we sat down with our Founder and President, Jacob Willemsen, for 15 Questions for 15 Years—a candid look back (and forward) that you’ll find in this edition.

We’re also proud to announce the upcoming opening of our new office in Valencia, Spain, to further strengthen our commitment to supporting European businesses locally as they expand to the U.S.

This issue is also packed with updates on Tax, Finance, HR, Visa information and Compliance. And with a full calendar of events ahead, we hope to connect with many of you in person soon. Follow us on LinkedIn for details on where and when you can meet us!

TABS Celebrates 15 Years of Transatlantic Business Services
Last month, our global team gathered in Austin, Texas, to mark a major milestone—15 years of helping international businesses thrive in the U.S. From a boutique advisory firm in 2010 to a full-service back-office partner with offices in New York, Texas, the Netherlands, and soon Spain, our journey has been driven by trust, collaboration, and a clear mission: removing barriers for European companies entering the U.S. market.

Our Founder and President, Jacob Willemsen, looked back on 15 years of TABS Inc.

Read his reflections, and the one thing he’d tell his 2010 self.

Read More »

Sales Tax 
Utah to Eliminate Transaction Threshold for Remote Sellers

Effective July 1, 2025, Utah will remove the 200-transaction threshold for economic nexus, leaving only the $100,000 sales threshold in place. This change simplifies sales tax compliance for remote sellers, aligning Utah with a growing number of states that have eliminated similar transaction thresholds. The move is part of a broader trend influenced by the Streamlined Sales and Use Tax Agreement (SSUTA), which encourages member states to standardize and simplify sales tax laws.

Businesses selling into multiple states should review their sales activities to ensure compliance with varying state nexus laws. For more information on economic nexus thresholds by state, we recommend visiting our business partner Avalara’s website, where you’ll find regularly updated resources on state-specific sales tax developments and compliance guidance by clicking below.

Read More »

Collect W-9s Upfront
Vendor Management Reminder

To help simplify year-end 1099 filing and avoid the common scramble in January, we strongly encourage all clients to collect W-9 forms during vendor onboarding.

Requesting a W-9 before any payment is made will:

  • Keep your records 1099-ready
  • Reduce delays in year-end reporting
  • Ensure compliance with IRS regulations

Tip: Make the W-9 part of your standard vendor setup checklist.

Need help retrieving a W-9 or reviewing your vendor management workflow?
Reach out to the TABS Finance Team, we’re happy to assist and provide tools that keep your records complete and organized.

Contact Us »

Update Corporate Transparency Act (CTA)
In the ‘on again, off again‘ saga that surrounds the Corporate Transparency Act, the Treasury Department issued a press release on March 2, 2025 announcing ‘not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only’.

The Treasury Department followed this up with a Press Release on March 21, 2025 whereby they announced that the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirements for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.  Under the interim final rule, entities previously referred to as ‘domestic reporting companies’ were exempted from BOI reporting requirements.

If you previously filed a Beneficial Owner Information Report with FinCEN, you are no longer required to update or maintain that registration if you have an entity formed in the United States.  If you are conducting business in the United States with your foreign entity, and you are registered with a Secretary of State (or equivalent), you are required to file and maintain a BOI.

Need help with BOI compliance?
TABS Inc. supports foreign companies doing business in the U.S. with navigating BOI obligations and ensuring full compliance. If your foreign entity is registered in the U.S., we can assist you in filing and maintaining your Beneficial Ownership Information report. Contact us today to discuss how we can support your U.S. operations.

Contact Us »

Increased Social Media Scrutiny for U.S. Student Visa Holders and Applicants
The U.S. Department of State has introduced heightened vetting procedures for individuals applying for or currently holding F, M, and J category student visas. These changes are in line with recent Executive Orders 14161 and 14188 and reflect a broader push for stricter immigration oversight.

What Has Changed?
Under the updated procedures, U.S. consular officers are now required to review applicants’ social media profiles more extensively. This includes capturing and storing screenshots of social media activity as part of each applicant’s visa record.

If an individual’s online presence suggests they may not be using their visa in line with its intended purpose—or raises security concerns—this can result in denial or even revocation of their visa. Reports indicate that over 300 student visas have already been cancelled under this new framework.

Who May Be Affected?
Applicants and visa holders may face closer examination if they:

  • Have posted content that could be seen as supporting designated terrorist groups.
  • Previously held F, M, or J visa status between October 7, 2023, and August 31, 2024.
  • Had their SEVIS record terminated after October 7, 2023.

What You Should Do
Students and exchange visitors are strongly advised to ensure that their online activity reflects the purpose and conditions of their visa status. Additionally, it is important to monitor the email address used in your visa application for any official updates or notifications.

Need More Information?
For expert guidance on how these changes may affect your current or future visa status, we recommend contacting our trusted partner, Laura Devine Immigration Attorneys. Visit the news section on their website for further updates and insights.

More Info»

Navigating U.S. Tariffs
Are you doing business in the United States from the Netherlands?

If so, you’re likely aware of the recent developments surrounding new U.S. tariffs. These changes have caught the attention of many Dutch entrepreneurs, and for good reason.

The United States remains one of the Netherlands’ most significant trade partners, offering a wealth of opportunities for growth and expansion. However, staying informed about shifting trade policies is essential to protecting and sustaining your operations.

To support Dutch businesses active in the U.S. market, the Netherlands Enterprise Agency (RVO) has released a clear and practical Q&A—available in Dutch—outlining the potential impact of these tariffs and offering guidance on how to navigate them effectively.

If you have questions or concerns about how these changes may affect your U.S. operations, our team is here to help.

Read More »

Cut Payment Costs with ACH
Save money on every transaction by switching to ACH—here’s how it benefits both you and your vendors.

TABS still sees a lot of incoming payments being made by its clients in the form of a ‘Domestic Money Wire’. Typically, the payer pays $10-25 per wire to issue those payments, whereas this would only be around $ 0.15-0.25 per transaction when you sign up for ACH payments. Yes, the flat fee for this feature is about $25 per month. However, this means that you’re typically already saving yourself money if you make more than 2 domestic payments per month. Just like with Domestic Wire Payments, the receiver will still need to provide the routing and account number. However, receiving funds via a domestic wire typically costs the receiver $10-25 per wire, while receiving ACH is practically free.

Please reach out to our Relations team to learn more about this way to save on your banking fees.

Contact Us »

Remote Workers in the U.S. – Hidden Tax Risks?
Flexible hiring models like EOR (Employer of Record) arrangements are popular among global companies, but they may come with unexpected tax consequences.

In partnership with Ostberg Sinclair & Co, we explore a crucial question: Could your remote U.S.-based staff be triggering a taxable corporate presence—without you realizing it?

Key insights include:

  • When EORs do not protect against U.S. tax exposure.
  • Risk signals like U.S.-based leadership or involvement in contracts.
  • Why investors and auditors are paying close attention.

Whether you’re already hiring in the U.S. or planning to, this is essential reading.

Read More »

Upcoming Events
TABS is actively engaged in a range of upcoming events to help European businesses succeed in the U.S. market. From hosting informative sessions to sharing expert insights as guest speakers, here’s where you can connect with us:
  • June 11 – Sports USA: Opportunities for Entrepreneurs – NL Expo LA’28 partner meeting (The Hague, 12.30-6.30pm)
    This event is intended for Dutch entrepreneurs, sports organizations, government bodies, knowledge institutions, and cultural partners who see opportunities in the U.S. market in the lead-up to these global sporting events.
  • June 12 – Women Entrepreneurship Event – NBSO (Amsterdam, 1.00-6.30pm)
    During this inspiring afternoon, you’ll learn more about female entrepreneurship and doing business in the United States, specifically in Los Angeles. There will also be plenty of opportunities to network with fellow participants and exchange knowledge and experiences. The focus of the day: learn, share, and take action.
  • June 17 – U.S. Expansion Event – BOM & Evofenedex (Den Bosch, 2.30-6.00pm)

    In a time of global uncertainty, geopolitical tensions, and rapidly changing market conditions, preparation is more important than ever. Whether you’re already active in the U.S. or planning to enter the market, staying informed and learning from the experiences of other entrepreneurs can make all the difference right now.

  • June 24 – Unlocking Business Opportunities in the U.S. – EACC NL & LIOF (Sittard, 1.30-7.00pm)
    Insights on different aspects of doing business in the U.S. such as legal, banking, cultural, fiscal, recruitment, sites selection, lessons learned, etc.
  • June 25 – How to Access the U.S. Venture Capital Market – Fintech Wales (online, 2.30pm CET)
    A webinar designed to help founders and scale-ups understand what it takes to access U.S. VC funding. Featuring expert speakers from legal, regulatory, and investment backgrounds, this session will unpack everything from immigration and company formation to pitch deck essentials and standing out to U.S. investors.
  • June 30 – Scale Your Ecommerce Brand in the U.S. – Walmart & Channel Engine (online, 4.00-5.00pm CET)
    Join us for an insightful webinar designed for international e-commerce companies looking to scale into the US market.

More event invitations and registration links will be shared via our LinkedIn channel as they become available, so please stay tuned!

Mark your calendar and meet us at there!

We’re Expanding Our European Footprint
TABS opens new office in Valencia!

This week, TABS Inc. officially opened the doors of its new office in Valencia, Spain, marking our second location in Europe after the Netherlands. With this step, we’re strengthening our commitment to Spanish businesses looking to enter or grow in the U.S. market. Our Valencia office will play a strategic role in several areas:

  • Expanding our business development efforts to connect with more Spanish companies aiming for U.S. expansion.
  • Deepening relationships with our network of local ambassadors and lead generators to boost referrals.
  • Being closer to our existing Spanish clients so we can stay connected, support long-term success, and identify opportunities for further growth.
  • Supporting Spanish FDA-registered companies with ongoing compliance.

This local presence ensures we can offer personal, tailored guidance on U.S. tax, compliance, and business setup, while staying 100% focused on inbound U.S. support. We’re excited about the road ahead, and we look forward to helping more Spanish companies thrive in the U.S. market.

Work at TABS Inc.

TABS is growing, and we’re expanding our teams.
As we expand, we’re looking for talented professionals to join our team. We currently have three exciting job opportunities available — check them out and be part of our journey!
– Sr. Corporate Governance Administrator, New York

– Sr. Bookkeeper/Accountant, Eindhoven

– Business Development Support Professional / Eindhoven

Info & Apply »

Celebrating 10 Years at TABS Inc.

 

We proudly celebrated Laura’s 10th anniversary at TABS Inc.! After joining us 10 years ago, she steadily built her U.S. employment and payroll expertise. Today, Laura leads as Director of Human Resources, overseeing our growing Houston office and playing a key role in shaping our people and processes across the U.S.

In her own words:

“As I reflect on 10 years of learning and evolving with, and within TABS, I am grateful for the amazing growth and opportunities this journey has brought, and I look forward to what lies ahead.“

Meet the Team
Brianna Blanco: Corporate Governance Support

From New York’s legal scene to international corporate governance, meet Brianna Blanco, part of our Governance Support team. With a strong background in law and a Master’s in Governance, Brianna brings precision, curiosity, and a fresh perspective to our client-first approach.

In her own words:
“I truly appreciate the diversity that each day brings. Every client and entity is unique, making each day a new and exciting opportunity to support our clients as they establish and grow their presence in the United States.“

Follow us on LinkedIn!

 

 

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