Recently from the Blog
Foreign Bank Accounts
In recent years, the Bank Secrecy Act was established to require owners of certain foreign financial accounts to annually report to the IRS. The IRS requires owners of foreign bank accounts, brokerage accounts, mutual funds, trust or other types of foreign accounts that exceed $10,000 at any time during the year to file Form [...]
Have you considered moving your accounting to the cloud?
Despite the hot and sunny summer in Las Vegas, my forecast for the future of accounting is very cloudy. “The Cloud” is a broad term encompassing many service models, but as it relates to accounting software, it generally means that the application runs online (usually through a web browser) and the data is stored online. [...]
State Taxes on Professional Athletes
As a huge Chicago Bulls and Michael Jordan fan, I’ve witnessed how Jordan transcended the sports world through his fame and skill. Though he is widely regarded as the best basketball player of all time, few may understand how influential he was. From a marketing, economics and financial perspective, he laid a foundation that has [...]
Beware of the Risk of Financial Fraud in a Divorce
There is one thing that remains constant in these uncertain financial times, a person faced with the potential for a reduction in his or her personal net worth or income may be tempted to do whatever it takes to preserve that financial situation. As a result, forensic accounting is becoming more mainstream, financial investigations are [...]
