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...
San Diego Corporate Governance and Compliance to Protect the Corporate Veil
You must maintain active and persistent San Diego corporate governance and compliance to protect the corporate veil of your company from creditors. There are many tasks which must be fulfilled throughout the year to comply with California's corporate governance and compliance issues. Many companies have an established governance and compliance...
Planning for the Risks of a Cross Border Business in San Diego
These are volatile times and planning for the risks of a cross border business in San Diego has never been more important. Signals from Washington have been mixed, yet the probability of a border tax continues to loom for US based businesses here in San Diego. How will future developments...
An Experienced Business Adviser and Consultant
Why does every Olympic athlete still need a coach? Every professional sport in America has a coach or group of coaches who help the athletes to increase their skill and knowledge while improving their performance. The same is true for San Diego business owners. Like a professional athlete every business...
What is more dangerous to Your Business Than an IRS Audit?
What could be more dangerous to your business than an IRS audit in San Diego? The failure to accurately collect and submit payroll related taxes and deductions may genuinely challenge more local small and mid-sized businesses than an IRS audit. If you have employees, your company is required to withhold...
WSJ Notes Regulatory and Technical Accounting Expertise in Short Supply
A recent article in the Wall Street Journal (WSJ) notes regulatory and technical accounting expertise is in short supply across the nation. WSJ noted US businesses were "increasingly scrambling to find regulatory experts or “technical accountants” who understand rules and ensure compliance amid accounting changes to the generally accepted accounting...
Was the Caterpillar Raid a Sign of Where Corporate Tax Battles are Headed?
Really? That was my first reaction to the news that federal agents including the IRS had raided the offices of Caterpillar, one of America's greatest traditional companies. My next reaction was a bit more harsh, trending toward disgust. Is this a sign of where corporate tax battles are really headed?...
Tuning Up Your San Diego Business
It's human nature to take the "if it ain't broke, don't fix it," attitude and this extends to allowing areas of a business to simply evolve and develop without scrutiny. This is why tuning up your San Diego business is an important part of leadership for members in an LLC...