The team of Allen Barron joins together in wishing our clients and all of San Diego a Happy Thanksgiving. However you choose to celebrate the holiday during this year of the pandemic, we hope you be safe and enjoy a Happy Thanksgiving. The year has brought one of the most...
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California voters took to the polls and preliminary results are in….Proposition 19 passed!
California Proposition 19 passed resulting in new questions and opportunities for many here in San Diego and across California. Proposition 19, entitled: ‘Changes Certain Property Tax Rules’ is good news for homeowners who are 55 or older, disabled, or have been victims of wildfires, or other natural disasters. The Constitutional...
Recent Article on Janathan Allen Highlights Allen Barron’s Work for Small Business
The California Business Journal recently published an article profiling our partner Janathan Allen. The "California Business Journal focuses on writing dynamic and compelling magazine articles on small businesses, startups, business owners, entrepreneurs and general business professionals." Here is the text of the article: Business and tax attorney Janathan Allen has a...
The SBA Paycheck Protection Program PPP Round 2 Deadline is June 30th
There is about $130B remaining of the $320B approved for the SBA Paycheck Protection Program PPP Round 2. The first round ($350 Billion allocated) was completely used in 13 days. The application deadline is fast approaching (Tuesday, June 30th) for those who want to, can still take advantage of this...
IMPORTANT IRS UPDATE: The IRS will Accept Digital Signatures and Communicate Electronically
There is important news from the IRS. Effective immediately, the IRS will accept digital signatures and communicate electronically. You will be able to send a limited range of documents to and receive documents from the IRS. Here is the specific statement released yesterday: EFFECTIVE IMMEDIATELY: IRS to Accept Digital Signatures...
S Corporation Owners Should Understand IRS Strategies for Compensation Audits
One of the primary targets for IRS audits is S Corporation compensation. S Corporation owners should understand IRS strategies for compensation audits and work with Allen Barron to reduce these risks while minimizing tax and maximizing income opportunities. One of the most contentious issues is "reasonable compensation." The IRS guidelines...
International Business Tax Returns Require Detailed Knowledge
There are many businesses with global interests here in San Diego. Tax time can be especially challenging as international business tax returns require detailed knowledge and experience. The international business and tax attorneys at Allen Barron provide a comprehensive palette of services including tax, accounting, legal and tax return preparation...
The Value of Integrated Services to an International Business Strategy
What is the value of integrated services to an international business strategy? Allen Barron provides integrated legal, tax, business advisory and accounting services to local, regional, national and international businesses. The integration of these services reduces the cost paid to separate vendors while providing a higher-level broader perspective to problem...
Overseas Bank Accounts Could Still Cost You $100,000 or More
If you are a US taxpayer, including foreign nationals who live and work in the United States you need to take notice. Overseas bank accounts could cost still you $100,000 or more in penalties and interest if the aggregate balance of your offshore accounts exceeds $10,000 at any point in...