by Greg BryantTax Incentive Programs in the Caribbean
By: Greg Bryant, CPA/Attorney Imagine, if you will, you live in California or New York City where your income tax rate is over 40% (federal and state). However, imagine then that you could move to another state, keep your US citizenship, and lower your tax rate to under 4% (federal and state). Would that be interesting? Well, here is how you can do it. The United States territories...
by Greg BryantTax Planning for Exports: IC-DISC Primer
By: Greg Bryant esq./CPA and Sarah Frazier, Esq. Although it has been in existence since 1971, the Interest Charge Domestic International Sales Corporation (“IC-DISC”) planning opportunity is often-overlooked. Since IC-DISCs began, IC-DISCs have been upstaged by a host of alphabet tax incentive regimes: Foreign Sales Companies (“FSCs”), Domestic Production (“DPD”), and Foreign Intangible...
by Greg BryantNew Business Reporting Requirement Now in Effect
Beginning on January 1, 2024, US companies have new reporting rules to comply with per the little talked about law enacted January 1, 2021: the Corporate Transparency Act (the “CTA”). Though CTA’s intent is to stop the US from being a haven for “shell” companies that could be used to hide the identity of true investors, it will affect over 32 million companies in 2024 and beyond. The CTA...
by Greg BryantCaptive for E-Commerce
By Gregory T. Bryant, CPA / Attorney at Law / Managing Partner While conventional insurance can cover many types of business risks, e-commerce companies have many daily business risks that cannot be covered by conventional insurance. As a result, most e-commerce companies are absorbing liabilities on their balance sheets that they cannot see. Additionally, under most tax law principles,...
by Lauren OlánEmployee Retention Credit
By Lauren Olán, Esq, LLM There are a lot of companies that have popped up recently promoting Employee Retention Credit (“ERC”) refunds, and in a frenzy to get to market, have contacted many companies to harvest ERCs, many times with little to no regard to whether the taxpayer qualifies. In this article, we unpack the rules, which are complex, to help taxpayers understand if they qualify...
by Sarah FrazierThe Inefficient Revenue Service
By Sarah Skinner, Esq, LLM and Lauren Olan, Esq The formation of the Bureau of the Internal Revenue Service (later renamed the Internal Revenue Service in 1953) was a seemingly very permanent solution to the temporary problem of funding the Civil War. It became a staple of US government overreach and granted the ability to serve as the judge, jury, and executioner for all things tax, an...
by Sarah FrazierInflation Reduction Act of 2022: Energy and Climate Provisions
By Sarah Skinner, Esq, LLM andGregory Bryant, Esq., CPA On August 7, 2022, the Senate approved the Inflation Reduction Act of 2022 (“IRA”). Besides addressing the federal deficit,this sweeping package also includes provisions to combat climate change, lower healthcare costs, and raise taxes oncertain corporations. This article is the first of several that BILTgroup will post addressing the...
by Sarah FrazierDoes Your Company Need a Full-Time, In-House Lawyer?
THE SHORT ANSWER: IT DEPENDS. Unless you are in a very controversial business with considerable legal risks, the answer is probably “No.” The right fit is likely to be outsourcing. Outsourcing General Counsel has Three Main Advantages for Your Business. 1 Outsourcing General Counsel is Cost-Effective. Depending on your corporate situation, the volume of legal work may not be enough...
by Greg BryantE-Commerce in the USA – Navigating to Success
Even prior to the pandemic, the e-commerce industry was growing fast. E-commerce companies further thrived in 2020 as stay-at-home orders, mask mandates, and other pandemic-related anxieties pushed US consumers online with higher frequencies. In fact, Digital Commerce 360 estimates that the pandemic accelerated the e-commerce industry by two years1. We are finding more companies who have been...
by Sarah Frazier