By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Accounting Services on Thursday, November 20, 2014. For almost every San Diego business, there is obviously a huge difference between profit and loss and cash flow. Many young businesses get off to a strong start only to find...
Business Taxation is Tied to Accepted Accounting Principles, and Underlying Accounting Systems Make a Substantial Impact on Business Operations and Profitability
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Accounting Services on Friday, November 14, 2014. Many business owners consider accounting to be a necessary evil at best, and a source of empty overhead instead of the business intelligence and management tool that it should be. When deployed correctly,...
Blow to FATCA? Some say yes after result of Weil case
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Thursday, November 13, 2014. We've written quite a bit about the Foreign Account Tax Compliance Act (FATCA), the United States tax initiative that tries to expand the country's tax reach overseas. Essentially FATCA tries to take tax money...
All Business Systems Should Overlap and Interface With One Another
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Accounting Services on Wednesday, November 19, 2014. Accounting, ERP, Point of Sale (POS), inventory and billing systems all have to relate to one another. There have to be checks and balances, and you have to know what those...
2015 tax season is shaping up to be a brutal one
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, November 25, 2014. Last week, we wrote a post about tax preparation. Obviously this a crucial step in the tax filing process, but the point of the post was to remind everyone that it can be very complicated...
What should you do when you owe the IRS?
On behalf of Janathan L. Allen, APC posted in IRS on Tuesday, October 7, 2014. Last week, we wrote a post about the inefficient collecting efforts of the Internal Revenue Service. Despite the inherent weaknesses that are going to show up when an agency tries to collect taxes from 316...
What is the Difference Between an IRS “Small Audit” and a Full Blown “Audit”?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Audits on Monday, October 13, 2014. There are several levels of "audit" within the IRS. When most taxpayers think of "audit" they are envisioning a full blown audit where there is a face to face meeting with the...
What is a “Water’s Edge” Election?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Tax Services on Wednesday, October 15, 2014. A water's edge election basically says that you (as a business or entity) agree to be taxed within the jurisdiction for the sales that occur within that state, but only within...
Protecting Intellectual Property Rights And Trade Secrets
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in Legal Services on Wednesday, October 22, 2014. In any type of business or sector, it is imperative that a company take certain steps to protect its intellectual property. Theft and unauthorized use of a company's IP can significantly...