Allen Barron provides forensic accounting services and tax advice during a divorce to assess the value of assets and accounts and to find hidden or unreported assets and accounts. The proposed tax reform changes in Washington could have a substantial impact on divorce negotiations and cases across California. How can...
How Does the Senate Tax Bill Affect San Diego Homeowners
How does the Senate tax bill affect San Diego homeowners and those considering purchasing a home in the future? The recent version of the tax reform package passed by the US Senate has local real estate industry representatives, developers and real estate agents quite concerned. This isn't over yet as...
Tax Planning for 2017 and 2018 is Now
The year is coming to a close and tax planning for 2017 and 2018 is in full swing. It's a good time to be considering the strategies which help you to lower your tax bill for 2017 and anticipate the best strategies to position you for the new year. Congress...
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...
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%...
How Proposed Tax Changes Affect Your Business Strategy?
Are you wondering how proposed tax changes affect your business strategy going forward? There are many proposals swirling around Washington these days, and while it is impossible to determine at this point where things will end one thing is certain: your business will need to have a new strategy to...
Initial Analysis of the Proposed Corporate Tax Plan on International Business and S Corporations
Our initial analysis of the proposed corporate tax plan on international business and S Corporations shows a mixed bag of moving pieces. Generally speaking, the plan calls for a corporate tax cut from the present rate of 35% to 20%. One interesting component is the replacement on the tax of...
New Tax Proposal Includes a 25% Pass Through Corporate Tax
While it is far too soon to draw conclusions on Washington's proposed tax reforms, the impact on LLC and S Corporations looks to be significant. The new tax proposal includes a 25% pass through corporate tax which could affect the majority of American business owners. Pass through profits are presently...
Corporate Tax Cuts and a New Tax Plan
The administration is planning a major speech for tomorrow to begin the national conversation on corporate tax cuts and a new tax plan for US business and personal interests. The present consensus is light on specifics and heavy on the need to deliver substantial tax cuts before the end of...