by cpaofmiami | Feb 16, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
As a United States citizen, your worldwide income generally is subject to U.S. income tax regardless of where you are living. Also, you are subject to the same income tax return filing requirements that apply to U.S. citizens living in the United States. However,...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Transfer pricing has become an art for most multinational corporations like Apple, Microsoft, GE, Amazon and many others. However, the impact of transfer pricing upon a closely held business operating in Florida looking to expand overseas can be huge. Transfer...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Surprisingly enough, there are thousands of small to mid-sized businesses that are entitled to a 20% tax break for exports but failing to take advantage of it. Many small business owners, and even many accountants, aren’t aware of this tax incentive. The name of this...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
In our opinion, there’s absolutely no reason to pay more taxes than you legally have to pay. However, the IRS is tasked with the responsibility of collecting tax revenues from everyone. Here are the top reasons why the IRS elects to audit you. Failure to disclose...
by Andrew Brody | Feb 9, 2015 | IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
We all make mistakes. Sometimes, it’s small like forgetting our cell phone behind or forgetting to mail in a bill promptly. However, not paying the Internal Revenue Service (IRS) can have larger consequences. Here are some of the most common mistakes made by...
by cpaofmiami | Feb 9, 2015 | Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Every person your company pays for labor or a service can be classified as either an employee or an independent contractor. Although it may not seem like a serious difference, making this distinction among employees is essential for tax purposes. If you fail to make...
by cpaofmiami | Feb 6, 2015 | Condominium and Homeowner Audits - Real Estate Accounting, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
If there is one sure thing about life from a financial standpoint, it is this: taxes and profits go hand-in-hand. This includes the sale of a home. However, if you meet certain criteria, there are enough credits, exceptions, and exclusions to make the entire process...
by cpaofmiami | Feb 4, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
With the increased focus on offshore bank accounts by the IRS, the options are now a little clearer. The IRS has provided some compliance options. If you’d like to discuss, call Canner Brody and Yan CPAs at 305-231-2150 and ask for Andrew Brody. Canner Brody...
by cpaofmiami | Feb 4, 2015 | Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Business owners in South Florida are often faced with the decision to work with a sole practitioner CPA firm versus working with a multiple partner CPA firm. There are clearly advantages to both scenarios but most small to medium sized businesses hire a multiple...
by cpaofmiami | Feb 2, 2015 | Condominium and Homeowner Audits - Real Estate Accounting, International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Foreign investment in residential real estate continues to be on a terror as Canadian snowbirds and South Americans purchase residential real estate, often with cash. International real estate deals accounted for 29 percent of all transactions in Miami-Dade and...
