by Sarah FrazierDone With Facebook?
A lot of our clients are concerned about their privacy and the possibility of being blacklisted for their opinions. Several have asked us how to take down their Facebook page without losing their pictures and updates from many years. Here is how you download your content and delete your Facebook account: 1. Downloading Your Facebook Data If you do decide to delete your Facebook...
by Sarah FrazierTax Considerations of Expatriating from the U.S.
By: Sarah Skinner, Esq, LLM and Gary Wells, Esq/CPA Since the November 2020 election, we have been getting a lot of questions about moving from the United States to Europe and the Caribbean. Generally, their concern is that income and estate taxes will increase under the Biden / Harris administration. We are also finding that Americans are more open to retiring outside America, in Ecuador,...
by Greg BryantManaging Tax and Exchange Control in China
When doing business in China, it is important to consider how you will be paid, and get the payment out of the country. Not only must a company manage taxes, they must also manage exchange control. Exchange control in China greatly favors payment for imported goods and discourages the payment for services performed outside China. It also creates administrative hurdles to...
by Greg BryantThirty-five Years of Lessons on Mergers and Acquisitions
For over thirty-five years, we have been helping clients buy and sell businesses, and we have learned that planning ahead can be the key driver to achieving a deal that makes everybody happy.
by Greg BryantNew IRS Offshore Account Program
OVDP offered taxpayers whose conduct was considered “willful” as to the nonreporting of foreign income with a path to compliance and more importantly an opportunity to diminish the threat of criminal charges they may face upon discovery by the IRS.
by Gary WellsThe Cybersecurity Threat, Burden, and Role of Tax Practitioners
Tax practitioners have learned that they possess something that a new breed of criminals, namely cybercriminals, desire—information.by Gary WellsStay Off IRS List and Secure Relief for Prior Nonreporting of Foreign Accounts and Other Assets
NOT TOO LATE to Stay Off IRS List and Secure Relief for Prior Nonreporting of Foreign Accounts and Other Assets (FBAR and others)by Gary WellsYearend Also Brings End to Startups Opportunity to Elect to Monetize R&E Income Tax Credit as Payroll Tax Credit for 2016
IRS and Department of Treasury provided operational rules for 2016 that allow at least for the 2016 tax year an extension of time for taxpayers to make the election on or before December 31, 2017 to treat R&E tax credits as a Payroll Tax Credit and claim the benefit against the next payroll tax filing.by Gary WellsTech Companies Receive New Avenue to Enjoy the R&E Tax Credit
Early stage technology companies have a new way to convert income tax credits that arise from R&D efforts into payroll tax credits that may immediately benefit the companies.by Greg Bryant