by Greg Bryant
Managing Tax Change
Tax systems change, and we are going through a significant period of change now. The conventional wisdom in my career, now approaching 40 years, is that structures have to adapt and change every 5-years to avoid becoming obsolete and inefficient. In my experience, it is not quite that bad, but at least every 8-years. When I started my career, the Federal US corporate tax...
by Greg Bryant
Tax Planning in the Cannabis Industry: Section 280E of the Internal Revenue Code
By Gregory Bryant CPA/ Esq.Sarah Skinner, Esq. The green-wave is overtaking America. Cannabis is gradually reaching the masses, and consequently the mass markets, thanks to legalization efforts. As a reminder, marijuana and hemp are both cannabis. However, marijuana and hemp are different varieties of the Cannabis Sativia L. plant. Generally, hemp must contain 0.3% or less total...
by Sarah Frazier
Done 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 Frazier
Tax 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 Bryant
Managing 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 Bryant
Thirty-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 Bryant
New 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 Wells
The 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 Wells
Stay 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 Wells