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...
California Homeowners are in Washington’s Tax Overhaul Crosshairs
California homeowners are in Washington's tax overhaul crosshairs if the proposed tax bill became law today. The proposed tax reform would eliminate mortgage deductions for loans above $500,000 according to the Wall Street Journal which could have a substantial impact on California real estate markets. Here in San Diego 37%...
Failure to Comply with IRS FBAR Reporting Requirements Part of Manafort Indictment
The failure to comply with IRS FBAR reporting requirements was part of the recent Manafort indictment, but it doesn't just apply to the wealthy or powerful. The failure to fully and accurately disclose offshore bank accounts, investments, assets and real property is a challenge for many US taxpayers, and the...
Could the New Tax Bill Allow Repatriation of Offshore Funds
Could the new tax bill allow repatriation of offshore funds at a lower tax rate? It is believed that US non-financial companies have almost $2 Trillion (yes, Trillion with a "T") and 70% of that money is located overseas as US corporations structured companies and transactions to move income to...
Leverage Your Corporate Intellectual Property to Increase Revenue
Are you searching for ways to gain access to new markets and increased opportunity? One option is to leverage your corporate intellectual property to increase revenue and profitability. Intellectual Property (IP) includes trademarks, patents, copyrights and any form of unique invention or processes including but not limited to logos, brands,...