International Tax Planning International Assets Create Different Tax Questions for US Taxpayers Many successful business owners and investors assume that tax planning becomes more complicated only because they own assets or conduct business outside the United States. While international investments and business interests certainly introduce additional complexity, the greater challenge...
Planning for the Risks of a Cross Border Business
A cross border business can create significant opportunities for growth, expansion, investment, manufacturing, sourcing, and access to new markets. It can also create tax, accounting, legal, banking, reporting, payroll, customs, and regulatory obligations that do not exist in a purely domestic business.Many business owners assume that international operations simply add...
Preparing a Small Business for Sale or Acquisition
Many business owners spend years building value, strengthening operations, and growing revenue. However, one of the most important phases of the process often begins long before a buyer appears. Preparing a small business for sale requires careful planning, organization, and evaluation to ensure the company is positioned to achieve the...
How Have California FTB Tax Audits Changed in the Past Year?
The nature and practice of California tax enforcement has undergone a relatively unobserved but profound transformation over the last twelve months. While many taxpayers still envision an audit as a face-to-face meeting with a state official, the reality is that the Franchise Tax Board (FTB) has largely moved toward a...
International Business Tax Returns Require Extensive Skill and Knowledge
There are many businesses with global interests here in San Diego. Tax time can be especially challenging as international business tax returns require extensive skill and knowledge, as well as experience. The international business and tax attorneys at Allen Barron provide a comprehensive palette of services including tax, accounting, legal...
IRS Audits Are Fewer in Number but Increasingly Aggressive
The agency itself recently stated IRS audits are fewer in number but increasingly aggressive based upon the "decrease in resources available for examinations." AI has become the agency's primary tool to identify tax return anomalies, errors, and omissions, and target appropriate taxpayers for closer examination and/or audit. Key Takeaways From...
What Will Happen to Your Company if You Aren’t There to Run It?
What will happen to your company if you aren’t there to run it? What happens if you are seriously injured in an accident, incapacitated, suffer a serious illness or lose your life? Most business owners spend their time focused on the operation of their business, and the next steps in...
The Most Important Recent Changes in U.S. GAAP Accounting Standards:
What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and private companies and corporations that do business in the United States to understand and apply all U.S. GAAP (Generally Accepted Accounting Principles) Accounting Standards? How can Janathan L. Allen,...
Proven California Sales and Use Tax Audit Representation
Are you searching for proven California sales and use tax audit representation? Have you received notification of a California sales and use tax audit by the California Department of Tax and Fee Administration (CDTFA)? Key Takeaways for Those Looking for Proven California Sales and Use Tax Audit Representation: California sales...