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Effects of Renouncing American Citizenship

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kevinkallisIt is a known fact that one can become a citizen of the US by birth or through Naturalization. Getting citizenship through US citizen parents are also possible depending on satisfying certain requirements. If you qualify on your own eligibility, you have to file Form N-400, the citizenship form. While there are millions waiting to get naturalized, there is a very small percentage of persons who want to renounce their US citizenship without knowing of effects of renouncing.Section 349(a)(5) of the Immigration and Nationality Act (INA) governs the ability of a US citizen to renounce his/her US citizenship. If you want to renounce your American Citizenship, you should do so voluntarily and should appear in person before a US consular or diplomatic officer. You have to do this in a foreign country (normally at a US Embassy or Consulate) and you should also be prepared to sign an oath of renunciation. If you do not do so as mentioned above, Renunciations have no effect legally. It is important to note that US citizens cannot effectively renounce their citizenship by mail, through an agent, or even while being in US. In fact, US courts have held certain attempts to renounce US citizenship to be ineffective on a variety of grounds. Renounce All Rights and Privileges :As a US citizen if you want to renounce your citizenship, you cannot retain some of the privileges of citizenship, as this would lead to logical inconsistency with the concept of renunciation. In such case, The Department of State will not approve a loss of citizenship.Statelessness :You should be aware that, unless you already have a foreign nationality, you might be left stateless if you intend to renounce your American citizenship. It would result in the lack the protection from any government. Furthermore, you will also experience extreme difficulty during your travel, as you may not be entitled to a passport from any country. Considering that you are not stateless, you have to get a visa to travel to the US, or show that you are eligible for admission pursuant to the terms of the Visa Waiver Pilot Program (VWPP). If you are considered ineligible for a visa or the VWPP to come to the US, under certain circumstances you could eventually be barred from entering the US. Nonetheless, renunciation of US citizenship will not prevent a foreign country from deporting you back to the United States in some non-citizen status. Tax and Military Obligations :Renouncing your US citizenship will have no effect whatsoever on your US tax or military service obligations. Adding further to this, renouncing American citizenship will not allow you to avoid possible prosecution for crimes which you may have committed in the US. You cannot escape the repayment of financial obligations that you previously incurred in the US or what you incurred as a US citizen abroad. Minor Children :You can renounce your citizenship and cannot renounce US citizenship on behalf of your minor children. Before an oath of renunciation will be administered to a person under the age of eighteen, he/she should be able to convince a US diplomatic or consular officer that he/she fully understands the nature and consequences of the oath of renunciation. He/She should also convince that he/she is not subject to duress or undue influence, and is voluntarily seeking to renounce his/her citizenship. Irrevocable :Another important fact that would make you think twice is that renunciation of American citizenship is irrevocable, except as provided in section 351 of the INA. It cannot be canceled or set aside. However, if you renounced your US citizenship before the age of eighteen, you have the option of having that citizenship reinstated if you let your desire known to the Department of State within six months after reaching the age of eighteen.If you are contemplating renouncing US citizenship, it is vitally important to consider the effects of renouncing as described above before arriving at such a conclusion.

It is a known fact that one can become a citizen of the US by birth or through Naturalization. Getting citizenship through US citizen parents are also possible depending on satisfying certain requirements. If you qualify on your own eligibility, you have to file Form N-400, the

citizenship form

. While there are millions waiting to get naturalized, there is a very small percentage of persons who want to renounce their

American citizenship

without knowing of effects of renouncing.

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What are the Things to Keep in Mind while Hiring a Bookkeeper?

by

Nick P.

Bookkeeping As the name suggests, it is nothing but the maintaining of the financial records of the company. It is considered as one of the most important things about running the business. This is because, bookkeeping provides a lot of data. This data can be used later on to deduce financial forecasts and business models. During audit also, this data that is obtained because of bookkeeping will come handy. As a company, the financial data needs to be provided to a lot of people like the stakeholders, customers, investors and clients. This financial data comes from appropriate and up-to-date bookkeeping.

The book in which all this financial data is maintained is called the day-book and the person who does this job is called the bookkeeper.

There are two types of bookkeeping. The types of bookkeeping depend on the size and type of the company that you are handling. If the size of the company is small and your accounting information is not complicated, then you can settle with Single-entry bookkeeping. This will enable to maintain the daily cash flows, petty cash handlings, day to day profits and losses and monthly cash statements. This is especially done through manual entry. However, since there is a lot of manual human entry, it could be prone to errors. However, if your company is very big and is handling huge amounts of financial data, the single-entry bookkeeping would become complicated and difficult to handle. In this case, you can go for double entry bookkeeping. This will help to maintain huge amount of financial transactions not just on a daily or monthly basis, but for years to go. This is generally done with the help of accounting software that is available in the market. Since this is generally done with the machines, it is less prone to errors, even while maintaining complicated finances.

While hiring a bookkeeper to do this job for you, you need to keep in mind the following important items:

Credibility: You need to make sure that the person you are hiring has got a thorough background check.

Tech savvy: If your business demands double entry bookkeeping, it is important to make sure that the bookkeeper is tech savvy. This is because, there are multiple software available in the market, which make the process of bookkeeping easy and friendly. The bookkeeper should be able to navigate and easily make use of these software. This would make the process of bookkeeping easy for him/her and for you as well.

Cost: The cost of maintaining a full-time bookkeeper could be more if your companys finances are not huge. Hence, one key deciding factor while hiring a bookkeeper is to see if you require a fulltime bookkeeper or if you want to hire one on a need basis. If you plan to hire a full-time bookkeeper, you would also have to bare all the expenses like salary, hikes and other perks.

Actaeon Consulting

based in Alpharetta, GA offers accounting services including outsourced accounting & bookkeeping, financial analysis, back office support, and tech consulting to businesses in Atlanta, Norcross, Roswell and neighboring areas. For more details, visit

Actaeonconsulting.com/Services

.

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Society/Apartment Management Software

by

Nikita Gadekar

Why Society Management System:

Todays Modern Societies without any Society Management Systems are just like Societies in olden day, with many Problems and less Solutions. For ex: Just to call a Society Meeting a person has to go door to door to inform all the members for the meeting schedule, which was much time consuming. It was just because In olden days Societies were manage by people themselves, as they were having much Time and less Tasks. But today in the Era of Modern Technology Peoples have become busy with their works and also the Responsibilities of any Society has increase.

Thus to Fill this gap Between Peoples and their Society, Upayogee Software Pvt. Ltd. Has come up with State of The Art Society Management Software to solve all need of Modern Society, Which gives Flexibility to the user to manage all the tasks of their society with just a click. The Society Management Software helps in Managing the Documentation records, Sales/ Purchase management, Maintenance schedules, Amenities updates, etc.

About Upayogee:

In the age of Modern Technology, we are totally interlinked with Technology for our daily works.

Thus people have become smart and our societies have become smarter. With the help of software systems it has become really easy to manage Our Housing Society or Residential Complexes.

Discovering this need of managing the services, accounting, facilities, documentation of any society, Upayogee Software India Pvt. Ltd. has come up with a very Reliable and user-friendly Society Management Software in the field of Society management.

This software enables us to manage any society or residential apartments with all its services, accounting, maintaining records, managing the amenities, work management, Sales & purchases management with just a single click that too featuring a world class user interface. The software is an online base system, which gives us freedom to be up to-date anywhere.

Society Management Software:

upayogee is a website for maintaining the day-to-day activities of the operating societies. This is newly launched and has easy to use features with facility for online maintenance payments option for members. It provides online services like housing society accounting software, society management software and business management software. Upayogee giving successful and comprehensive services. Upayogee is a smart society accounting software.

The upayogee Management software mission from the very first day has aimed the cultivation of professional relationships with our clients to provide Easy, Simple and Reliable solutions for their needs. The team at upayogee Software work very hard to offer a husk of features that help you transform your society into a well managed community. Upayogee Software is worlds pioneer in creating Society Management Software with user friendly to operate, great security, best support, best technology at very affordable price.

Benefits of Society Management Software:

Easy management of financial and accounting transactions

Management of members and reminders related several events and due payments are sent through SMS and Email

MIS and transactional reports provide comprehensive view

Reconciliation of bank statements

Privacy of data

Effective management of users through login based control

Cooperative Society Management Software

Software for Cooperative Society, you can keep the society related things under control. Society Management software is a modular system that covers all operational and management aspects in your society. You manage the things easy way and save on cost and resources. Thus, there is no unnecessary work load on the committee members.

Upayogee giving successful and comprehensive society management services and Software for Cooperative Society

Why do you need Society Managements System?

Member Management

Facility Management

Purchases Management

CRM Work Management

Complaint Management

Notices and Events

Mail & SMS Facility

Dedicated Relationship Manager

Platform Friendly Software

Payment Gateway

Utility Bills Management

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