International business and offshore investment and banking create genuine risk and exposure with the IRS. This extends to real estate ownership outside of the U.S. and other offshore-related financial activities, which raise red flags with the IRS. The past several years have brought rapid change in FATCA compliance, and the...
Tuning Up Your Business
It's human nature to take the "if it ain't broke, don't fix it" attitude, which extends to allowing areas of your business to evolve and develop without scrutiny. This is why tuning up your business is an essential part of leadership for shareholders in a corporation and members in an...
Accounting is the Information Connection Within Your Own Business
Many business owners and executives fail to realize that accounting is the information connection within your own business. Accounting doesn't simply capture the box scores of your company's business transactions. A properly structured chart of accounts and supporting internal procedures ensure your company has immediate access to crucial internal controls...
Why Do You Need Estate Planning?
Why do you need estate planning no matter where you live, but especially in California? What is estate planning? Isn’t estate planning just for people with a lot of money, property and wealth? Why should someone just starting a family or in their mid-40’s give any thought to estate planning?...
The Importance of Succession Planning for Business Owners
What is the importance of succession planning for business owners? Why should you be concerned about the development and implementation of a succession plan if you own a business or a significant interest in an LLC, S Corporation or C Corporation? Your business is a valuable asset, perhaps the most...
Is It Time for an Estimated Payment or to File a Personal or Corporate Tax Return?
Is it time for an estimated payment or to file a personal or corporate tax return to the IRS or the FTB? For those on a calendar tax year there is a final estimated tax payment due to the IRS for federal taxes and the California Franchise Tax Board (FTB)...
ABCast Episode 12 – The Life Cycle of a Business
Join us and listen to the latest update to our podcast "ABCast" Episode 12 - The Life Cycle of a Business. In this episode, Janathan Allen discusses the broad range of valuable integrated services provided by Allen Barron, Inc. at every phase of a company's life: startup, business planning, the...
What Happens if a San Diego Business Doesn’t Comply with the IRS
What happens if a San Diego business doesn’t comply with the IRS and all filing and reporting requirements? Can you face criminal prosecution or be held personally liable if your company makes a mistake with the IRS? Generally speaking, an officer of a corporation may risk personal liability for their...
An Effective Dashboard for Running Your San Diego Business
Do you have an effective dashboard for running your San Diego business? How does the structure and design of your accounting system support business profitability and success. There are critical metrics that every business owner, officer and manager in San Diego should know at any moment about their businesses. These...