In a recent article the Wall Street Journal warned that the IRS had released information about 13 "campaigns" to target high-value tax returns for IRS audit. The IRS intends to focus upon and international businesses transfer pricing and offshore earnings and the compliance with IRS FBAR reporting and offshore account...
An Experienced Business Adviser and Consultant
Why does every Olympic athlete still need a coach? Every professional sport in America has a coach or group of coaches who help the athletes to increase their skill and knowledge while improving their performance. The same is true for San Diego business owners. Like a professional athlete every business...
How will International Business Change in the Coming Months?
The question of the hour for many multi-national conglomerates and San Diego businesses with international distribution and supply channels is "How will international business change in the coming months?" The answer is surrounded in a cloud of Washington posturing and floated proposals. One thing seems certain: The United States Government...
What is more dangerous to Your Business Than an IRS Audit?
What could be more dangerous to your business than an IRS audit in San Diego? The failure to accurately collect and submit payroll related taxes and deductions may genuinely challenge more local small and mid-sized businesses than an IRS audit. If you have employees, your company is required to withhold...
The IRS OVDP May Still be a Viable Option for Unreported Offshore Accounts
There is a lot of conversation nationally about IRS FBAR compliance and those who have not yet complied. Many US taxpayers may be wondering if the IRS OVDP may still be a viable option for unreported offshore accounts and assets. The answer is a qualified "yes." The reality is the...
Caterpillar Battle with Taxes – The IRS Isn’t Always Right
What does Caterpillar's ongoing battle over taxes have to do with business here in San Diego? It may surprise you to know the IRS isn't always right and in fact often misinterpret Generally Accepted Accounting Principles (GAAP) and even US tax code. Our office is often forced to stand up...
Allen Barron Celebrates 20th Anniversary
Allen Barron is celebrating our 20th Anniversary in business today. We wish to extend our deep appreciation to our clients and the San Diego business community for the opportunity to be of service over the past decades. As a single-source provider of legal, tax, accounting and business advisory services, Allen...
WSJ Notes Regulatory and Technical Accounting Expertise in Short Supply
A recent article in the Wall Street Journal (WSJ) notes regulatory and technical accounting expertise is in short supply across the nation. WSJ noted US businesses were "increasingly scrambling to find regulatory experts or “technical accountants” who understand rules and ensure compliance amid accounting changes to the generally accepted accounting...
Was the Caterpillar Raid a Sign of Where Corporate Tax Battles are Headed?
Really? That was my first reaction to the news that federal agents including the IRS had raided the offices of Caterpillar, one of America's greatest traditional companies. My next reaction was a bit more harsh, trending toward disgust. Is this a sign of where corporate tax battles are really headed?...