Nov 6, 2017 | Firm Updates, International Tax
This article originally appeared in the Central New York Business Journal on September 29, 2017. Taxes are neither sexy nor exciting, except perhaps to us CPAs who seem to thrive on the nuances of the tax code. But taxes are a critical factor in your business,...
Apr 25, 2017 | Firm Updates, International Tax
Business owners are faced with an enormous amount of rules and regulations. We may understand and even appreciate the reasons behind the laws, but that does not reduce the burden or lessen our stress. Recently there has been much discussion about offshore tax...
Feb 20, 2017 | International Tax
This week we continue our review of some of the tax forms that corporations with international issues might need to file. Form 114—Report of Foreign Bank and Financial Accounts (FBAR) may be familiar to some as a possible filing requirement for individuals, but it...
Feb 13, 2017 | International Tax
The first form we will discuss in this blog series is Form 5472—Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade of Business. This form is required to be filed by U.S. corporations that have at least 25%...
Feb 7, 2017 | International Tax
The globalization of business has created many opportunities for companies to grow and expand internationally. Doing business in other countries is no longer reserved for giant, multinational public companies; it is now a reality for many small- to medium-sized...