The year is coming to a close and tax planning for 2017 and 2018 is in full swing. It's a good time to be considering the strategies which help you to lower your tax bill for 2017 and anticipate the best strategies to position you for the new year. Congress...
How do Independent Contractor Misclassification Claims Arise in San Diego
How do independent contractor misclassification claims arise in San Diego? What is the cost to an employer who misclassifies employees as independent contractors? Usually, independent contractor misclassification claims come about by a complaint by the employee to a federal or California agency alleging compensation or employment issues or during an...
Are You a Foreign National Living and Working in San Diego
Are you a foreign national living and working in San Diego? Have you come into the US on an H1-B or other Visa? It is important for all foreign nationals who reside in the US for more than a few months to understand their obligations under US tax laws. One...
Your San Diego Business Succession Plan – “You Make the Plan, or a Plan Will Be Made for You!”
Why should you be thinking about your San Diego business succession plan as the year comes to a close? The National Law Review recently asked a great question: "Who is the better planner for your (business) affairs - You or the State? You Make the Plan, or a Plan Will...
Changes to Accounting Rules Affect Realization of Income for Public Corporations
Recent changes to accounting rules affect realization of income for public corporations to take effect December 15 of this year. The new accounting standard will have an impact on the details companies must capture affecting everything from corporate financials to domestic and international tax accounting. The new rules replace virtually...
S Corporation Shareholders Should Be Watching Developments in Washington Closely
S Corporation shareholders should be watching developments in Washington closely as the tax bills advance. The recently passed house bill would create a new 25 percent tax bracket for what is referred to as "pass-through entities" such as S Corporations. The tax would apply to that portion of business net...
Integrated Services for the Business Life Cycle
Allen Barron provides integrated services for the business life cycle here in San Diego and throughout the Southwest United States. What is the life cycle of a business and how does this affect your strategy going forward? How do recent developments on capital hill affect business planning for 2018? The...
Even If Washington Raises the Estate Tax Exemption to $10 Million You Should Still Have a Trust
Even if Washington raises the estate tax exemption to $10 Million you should still have a trust, especially if you are a home owner. Why? The short answer is time, money and saving a lot of hassle for your loved ones, heirs and beneficiaries. Raising the exemption on federal estate...
US Expats a New IRS Target for FBAR Violations
What makes US expats a new IRS target for FBAR violations and undisclosed offshore assets? The IRS is instituting a new whistle-blower campaign for those who might help US expats and other US taxpayer clients. Allen Barron provides attorney-client protections for those who are working on the disclosure of foreign...