An article this week in the Wall Street Journal noted General Electric (GE) had executed a strategy for outsourcing tax and some accounting services that other corporations are sure to follow. GE has decided to implement a "tax outsourcing" plan that will move internal employees to an external tax and...
W2 and 1099 – Its Tax Preparation Time Again
We all should have received our W2 and 1099 statements, it's tax preparation time again in San Diego. The tax preparation, accounting and tax attorneys at Allen Barron are prepared to help you to get through tax season. We specialize in helping those with more substantial returns, and those with...
Advisory Services for the Life of your San Diego Business
Allen Barron provides advisory services for the life of your San Diego business from start-up, through growth and acquisition through the ultimate sale or disposition of your company. Our seasoned and experienced CEO and CFO consultants have international experience running small, mid-size business and international publicly traded conglomerates. If you...
Consulting Services for San Diego CEO’s
The Business Advisory Group of Allen Barron include experienced international business experts who have decades of experience managing multi-national public corporations, mid-sized technology and engineering firms, retail establishments and small businesses. We provide a broad range of first-hand experience and consulting services for San Diego CEO's to provide sound valued general business counsel....
When Does a Hobby Become a Business in the Eyes of the IRS
What is the difference between a hobby and a business from a tax perspective? When does a hobby become a business in the eyes of the IRS? If the IRS disputes your "business deductions" as a hobby it could trigger an IRS audit and result in a substantial payment to...
IRS is Targeting Small Business Owners for Audit
An expert recently testified before a house sub-committee documenting the fact that the IRS is targeting small business owners for audit in disproportionate numbers. The IRS allegedly believes many small businesses receive much of their income in cash which is hard to track. The IRS would obviously usually make more...
Hold On San Diego Employers – Texas Judge has Issued a Hold on New Overtime Laws
Just as San Diego employers were preparing to implement the new Department of Labor (DOL) rules regarding the Fair Labor Standards Act and overtime exemption and income thresholds a significant change has forced an immediate hold for many small and mid-sized San Diego businesses. A Texas Judge has issued a...
Challenges with an IRS Audit Involving Transfer Pricing
IRS revenue agents and auditors create many unnecessary challenges for multinational businesses who utilize internal transfers to gain a tax advantage. This presents major obstacles during an IRS audit involving transfer pricing and other international tax related issues. The experienced international tax and business attorneys at Allen Barron, supported by...
IRS Updates Guide for Business Tangible Property Regulations
Business owners should be cautious with how they manage business tangible property regulations - especially when faced with an IRS audit. Most US business taxpayers completed the implementation of the IRS Business Tangible Property Regulations last year. These new regulations were a guide to help business owners and their...