Dear Client/Partner, As usual in our bi-monthly digital business update, we have collected interesting topics relevant to your U.S. subsidiary, such as information about taxes, legislation, HR matters, interesting events, and inspiring client stories. We also like to take the opportunity to introduce you to our Payroll Specialist, Shina Khan.
On behalf of the entire TABS Team,
Jacob Willemsen | | |
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| Podcast Series ‘De Oversteek’ 2 – Down South
(The Crossing | | | | |
After the successful first season of the podcast series ‘De Oversteek’ (Dutch spoken) about entrepreneurship in America, the second season of the podcast (which was released in mid-May) focuses on the South: why companies are moving to the south of the U.S. Elon Musk is moving his company to Texas, and so are Dropbox and Oracle. More and more companies are moving from Silicon Valley or New York to the southern states of the U.S. In four episodes you will hear why the south is so attractive, and why Dutch companies are also making the crossing to this region. TABS participated in this podcast series, in which you can hear the president and founder Jacob Willemsen, and is one of the proud sponsors. | | |
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Colorado First to Charge (Online) Retailers for their Infrastructure: Retail Delivery Fee (RDF) As of July 1st, the state of Colorado is requiring retailers that deliver/sell products into CO to collect and remit a retail delivery fee. Given the number of Amazon Prime (and other) delivery trucks zipping around neighborhoods daily, this could be quite lucrative for the state. In fact, it’s expected to generate $16.8 million during fiscal year 2022–23 and $18.8 million in FY 2023–24. This is just the start of states imposing random taxes to recover from the losses they acquired during the pandemic. As part of our sales tax services that we provide to clients you may contact us to find out how this implies to your company. | | |
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California’s Retirement Program Mandate The state of California is requiring eligible employers to participate in a Retirement Savings Program called CalSavers, to ensure all California workers can plan for their future through automatic payroll contributions facilitated by their employer. Employers who have 5 or more employees in the state of California and do not currently sponsor a retirement plan are required by law to enroll in CalSavers.
Registration for CalSavers is open and the deadline will be on June 30, 2022. For more information regarding the program and enrollment click on the link below. | | |
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Orange Trade Mission Fund Open for Subscription From April 21 to June 30, 2022, you can register for the ‘Oranje Handelsmissiefonds 2022’. The fund provides entrepreneurs with international ambitions a chance to win support for a year to make their export dream come true. Every year 10 winners are chosen. Even if you don’t win, the OHMF has a lot to offer. Your application will be assessed by a professional jury. Thanks to the advice and tips of these experts, you can further develop your business plan to realize your international ambitions. The OHMF has been around for almost ten years and during that time it has supported many winners and advised hundreds of participants. Curious about what participation in the OHMF means for you? | | |
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Client Interview ChannelEngine TABS spoke with Jordi Vermeer, VP of Revenue North America of ChannelEngine, about doing business in the U.S. ChannelEngine easily connects brands and retailers to the global eCommerce landscape with their cutting-edge eCommerce and Marketplace Management Suite. They do this by operating as a control center, seamlessly bridging customers’ internal systems with digital sales channels, automating and streamlining their eCommerce operations.
ChannelEngine was founded in The Netherlands in 2013 and is currently active in the U.S. for 2 years. ChannelEngine expanded to the U.S. for its channels and eCommerce market and is growing rapidly. Their target audience is international, corporate, and local clients interested in selling in digital marketplaces who have a gross merchandise volume of over 1 million euros.
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Affordable Health Insurance for Expats in the U.S. A year ago, TABS entered a unique collaboration to give access to affordable health insurance for expats, offering our network many advantages if you join through TABS! Many European start-ups that are expanding to the U.S. are hoping to offer great health insurance to their future hires. They often aim to offer health benefits that are similar to the European head office and use these great benefits as a selling point to attract new talent for their U.S. subsidiary. However, what many start-ups do not always immediately realize is how expensive health insurance can be in the U.S, especially when compared to European standards. Not only are the costs a lot higher, in the U.S. it is also not possible to offer health insurance to your first employee. There need to be at least two participating employees to offer group health insurance to your U.S. employees. | | |
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 Investor Ready – Going Abroad Wednesday, June 29th, 3 – 5 pm CET, Amsterdam by EY Whether you’re just dreaming about conquering the world or if you’ve already taken the first step in expanding internationally, we are very happy to invite you to participate and be inspired at Investor Ready – Going Abroad. Topics: - How do you prep your business for international expansion?
- What is the impact on your organisation and on you as a founder or investor?
- What important decisions will come your way (and haven’t you even thought of)?
Hosts Martijn Wassink, founder of Greyt & All Your BI, and Erik de Heer, associate partner at EY and head of EYnovation (EY’s start-up/scale-up team), challenge panellists – consisting of scale-up founders and venture capitalists – to discuss these issues with each other and the audience. TABS will be one of the speakers at this event, which is an invitation only event. If you would like to invite a founder or VC, please reach out to Floor Bergshoeff, one of our business developers. | | | | | Select USA Investment Summit June 26th-29th, Washington DC
Are you looking to open your first office in the United States or expand your current investments? After two years without an in-person Summit, this is a great opportunity to ramp up your knowledge about doing business in the United States and meet key contacts face-to-face.Â
Learn all about incorporating, visa matters, incentives, and hear the latest trends and opportunities directly from C-level executives, Cabinet Secretaries, and high-level White House officials. All 50 states will exhibit at the Summit, so you can easily walk from one state to the other to gather all the information you need to successfully select the right location for your business. The Summit also provides direct contact to the Department of Energy, State, Transportation, CFIUS, and many other federal agencies. We will have dedicated programs across several industries, for startups to mid-sized companies and multinationals. You will also be invited to a networking event at the Dutch Embassy in DC to meet their network. There will be an extra day for the Dutch delegation in New York City on Thursday, June 30 where TABS will be part of the program. | | | | | | | 
Meet Our Team Member Shina Khan
Payroll Specialist Shina holds a degree in Criminal Justice from the University of Phoenix and has taken multiple QuickBooks accounting classes at Baruch College. Along with her accounting background, she also received a certificate of completion for Human Resources Essentials from SHRM and the Payroll Concepts Certificate. Shina is part of our Houston team. She believes that the foundation of everything she does lies within the development of strong lasting relationships, both personally and professionally. “Working at TABS has taught me that each culture is unique. Each individual within that culture is unique. There is no “one size fits all†approach to payroll.” | | | | | | | | | | | |
