International business and offshore investment and banking create genuine risk with the IRS. This extends to the ownership of real estate outside of the US 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...
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...
International Business Dealings Require Strong Tax Legal and Accounting Support
Why do international business dealings require strong tax, legal and accounting support? International business deals require a level of sophistication that is much different from managing a business locally or regionally. International business dealings involve transactions that require insight from several perspectives including: The legal structures that allow you to partner...
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...
How Do You Polish Your Business Before You Sell it in San Diego?
If you intend to sell your company, or believe there may be another business or individual who is interested in acquiring you it is important to polish your business before you sell it in San Diego to make sure everything is in order. This will maximize the value of your...
Is Your Home or Business at Risk During a Tax Collection Process?
Is your home or business at risk during a tax collection process? Let's say that the IRS informed you that you owe the agency money for back taxes or tax debt. This isn't exactly rare, but it isn't exactly common either. When you are informed, it will likely take some...
Contracts Will Determine the Success or Failure of a San Diego Business
You can measure the success or failure of a San Diego business in large part by the quality of its business contracts. Contracts establish the agreements between the parties, and the rules for how transactions and relationships will work. This applies to suppliers, vendors, employees, customers and even the owners,...
What Should a Business Do After an IRS Audit
What should a business do after an IRS audit is completed? The real world answer: prepare for other knocks on the door from the EDD and FTB. The agencies cooperate with one another, and immediately after one finishes an audit, you are required to provide the other with the results...
An Integrated Partner for the Life Cycle of Your Business
Allen Barron is an integrated partner for the life cycle of your business in San Diego and around the world. Our clients value the depth of experience and expertise we bring to the table to assist with any challenge or opportunity. Our business consulting and advisory group provide general counsel...