Accounting

No Interest In Foreign Accounts

The IRS has been aggressive recently in pursuing tax cheats who have hidden assets in offshore accounts. Penalties for not reporting the existence of foreign accounts are steep, which concerns even honest businesses and individuals that are unsure about their filing obligations. Generally, U.S. taxpayers with a financial interest in foreign financial accounts are required […]

Accounting

How to Start a Tax Accounting and CPA Firm

Having gained considerable experience developing five of my own accounting practices and spending the next two decades individually assisting over 2000 accountants develop their own practices, there are a few basic principles accountants can observe to provide themselves the greatest opportunity for success. The best way for accountants to succeed in starting their own Accounting […]