What is an integrated approach to solving business problems? Why is it important for businesses, especially those with multiple offices or entities and/or cross-border interests to partner with an integrated legal, tax, accounting and consulting firm?Today's business questions and problems are much more complex than even five years ago. Business...
Celebrating the 26th Anniversary of Allen Barron
Allen Barron is celebrating our 26th Anniversary in business this month. We wish to extend our deep appreciation to our clients and the San Diego business community for the opportunity to be of service over this period of rapid change in business and technology. As a single-source provider of legal,...
Accounting is the Information Connection Within Your Own Business
Many business owners and executives fail to realize that accounting is the information connection within your own business. Accounting doesn't simply capture the box scores of your company's business transactions. A properly structured chart of accounts and supporting internal procedures ensure your company has immediate access to crucial internal controls...
Tax and Estate Planning for Small Business Owners and S Corporations with No Employees
Allen Barron provides tax and estate planning for small business owners and S Corporations without employees as part of our integrated tax, legal, estate planning, accounting and business advisory services. Many small business owners mistakenly believe business succession planning and estate planning is for those with substantial wealth. This is...
Integrated Consulting, Legal, Tax and Accounting Services
What is the value of integrated consulting, legal, tax, and accounting services? Just before the millennium, a group of prominent professional service companies was known as “The Big Eight.” The Big Eight included Arthur Anderson, Arthur Young (now known as simply AY), Coopers & Lybrand, Deloitte Haskins and Sells (now...
Connelly v. Internal Revenue Service is a Game Changing Decision for every U.S. Privately Held Company
Connelly v Internal Revenue Service is a landmark SCOTUS decision that will impact business owners, partners, shareholders, members, and professional practitioners from a business perspective, succession planning, as well as from a personal estate planning point of view. The core issue of the case focused on the corporate contractual requirement...
How Did Moore v. United States Change U.S. Tax Law?
We have been waiting several months for the Supreme Court of the United States (SCOTUS) to render a decision in Moore v. United States. Initially, our questions focused on the issue of “realized or unrealized income” and whether income could be taxed before it is “realized.” The Court avoided this...
Preparing to Sell Your Business
There are several steps to follow when preparing to sell your business. It is important to allow plenty of time for planning and organization, as the process will usually require many months to a year or more. Why does it take so long to prepare your business for sale? The...
The Step-Up Benefit of a Revocable Trust
What is the step-up benefit of a revocable trust from the perspective of the beneficiaries? How can a revocable trust not only pass money and assets to your beneficiaries but save a substantial amount of tax in the process? The answer lies in an understanding of the short-term and long-term...