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...
Integrated Services Provide Insight Into Corporate Tax Reform
Integrated services provide insight into corporate tax reform as Allen Barron helps our clients to analyze and implement strategy based upon tax, legal and business issues and opportunities. No one knows for sure what reforms are coming from Capital Hill. The consensus hints at a "once-in-a-generation" overhaul and reduction in corporate...
Does the New Corporate Tax Proposal Actually Create New Tax Shelter Opportunities?
The President's new corporate tax proposal rate of 15% may actually prove to create tax shelters for US taxpayers that would extremely difficult for the IRS to detect or pierce. At issue is the proposed 35% top individual tax rate and the 15% corporate tax rate which would apply to income...
Would Trump’s Tax Plan Cost Californians?
Would Trump's tax plan cost Californians and raise our taxes? There are too many trial balloons and false starts coming out of Washington on the "tax" front, but we are monitoring these developments and advising clients as they navigate the complex issues facing today's business owners. The latest income tax...
Federal and State Tax Returns are Due Tomorrow
Well, tax day is finally here and for last minute filers there is one more day as Federal and State tax returns are due tomorrow April 18. Allen Barron provides on-going tax preparation and filing services for businesses and business owners, the self-employed and high income earners, as well as...