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Tax Lien Withdrawal Program: Improving Your Credit Score

If you have ever owed money to the IRS, tax liens may have been issued and will appear on your credit report, significantly lowering your credit score. If you have successfully negotiated an Offer in...

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The Cutting Edge in PH Finance: You and AI

 In the recent years, foreign investors started taking notice of the potential of Filipino professionals in finance and accounting outsourcing in the BPO industry, making the Philippines one of the...

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Asset Protection VITAL When Selling Your Business

 Asset protection, perhaps counter intuitively, is just as important for entrepreneurs who are selling their businesses as it is for those who are running one. In fact, “selling a business” is one of...

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Asset Protection Planning Information

 Asset Protection planning is wealth insurance. If you are like most of us who have worked hard to be comfortable and acquire some assets you should be concerned with keeping someone else from taking...

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How to Create a Profit Sharing Plan for Your Business

As an employer, you may struggle to align the overall success of your business with the individual interests of employees. A common tool used to achieve this alignment is profit sharing. If you can...

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Offshore penalties and Tax Evasion

HMRC is continuing to increase the number of tools available to tackle offshore evasion and are taking an increasingly aggressive stance in relation to offshore matters.The government’s initiative to...

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Trust Fund Accounting Compliance: Find Out If Your Firm Is At Risk

 Lawyers and attorneys everywhere know what Trust Accounting can mean to their firm and livelihood. It isn’t the most exciting part of practicing law, but that doesn’t mean that it is a minor aspect of...

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7 steps to starting Business

 Starting a business is the beginning of an exciting – and sometimes challenging period in your life. Suddenly you find yourself immersed in a whole new world of licensing, insurance, marketing and...

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Asset Protection Series: Trust me, your assets are safe

In this first installment of my Asset Protection Series, we're going to discuss one of the most basic estate planning tools out there: the trust. A trust is an arrangement whereby someone with assets...

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Tips to avoid liability risks in your CPA practice

CPAs face a huge amount of responsibility, and with responsibility comes risk. We can make sincere mistakes, or a client may allege that we made a mistake and should have foreseen potential pitfalls....

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What Is Payroll?

Payroll is defined as the total amount of wages paid by a company to its employees and other workers. Your company’s payroll may be your firm’s largest business expense, and processing payroll is...

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New State Use Tax Reporting Requirements

More Use Tax Compliance Requirements, More Headaches on the Horizon.In Quill Corp v. North Dakota, the Supreme Court established that for states to have the authority to require an out-of-state...

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Pay less tax and get more from your next pay rise or bonus

Usually when you get a pay rise or bonus the first thought many people have is more money to pay down the mortgage, more money for the next holiday or other purchases/spending that has been put off.If...

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Make Sure Your Compensation Plans Are in Order and Documented

I recently finished resolving a dispute between a client and the IRS regarding the amount of compensation for the founder and owner of a corporation. While the amount of compensation during one of the...

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7 Types Of Start-Up Investors You’ll Run Into When Raising Finance For Your...

Not all investors are created equal. Worth Capital's Matthew Cushen outlines the investors you're likely to meet - and how you can get in their heads  I’ve written before that no-one would dream of...

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Discrimination Settlements and Tax

You work hard for your employer, however, throughout your employment, you are discriminated against, due to your age and disability.Eventually, you have had enough.  After a long process which resulted...

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Is Virgin Australia’s long term strategy secure?

On a regular basis we review the strategy and direction of businesses. It is not a financial analysis, but a review from a strategy perspective. In this blog we will review Virgin Australia (the...

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5 Simple Ways To Create A Balance Sheet

First things first: what is a balance sheet? A balance sheet is an essential way to evaluate a business’ financial health and can be calculated every month, quarter or half-year to create a snapshot of...

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Will Asset Protection Trusts Protect Assets From Medicaid Agencies?

There are several types of trusts that are useful asset protection tools.  Asset protection trusts include irrevocable trusts with spendthrift provisions, offshore trusts, and domestic asset protection...

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A Taxpayer’s Guide to Private IRS Debt Collectors

The IRS has called for backup from the private sector, and these four companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and...

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