Selecting a business successor is a fundamental objective of planning an exit plan and entitles a careful assessment of what is desired from the sale of the business and who can best provide it. There are four ways to leave your business: transfer ownership to family members, Employee Stock Option Plan (ESOP), sale to a […]
Author: G Karthikeyan
Protect tax data from hackers
Whether in public accounting or business and industry, accountants are key stakeholders in cybersecurity. In organizations of all types, accountants play crucial roles in developing budgets that help determine how to protect tax data from hackers are implemented. The IRS considers identity theft to be at the top of its annual “dirty dozen” tax scams […]
Tax Equalization for Expatriates
GKM specializes in double taxation and this article specifically addresses that. A U.S. expatriate is a citizen or resident of the U.S. who lives outside the U.S. and Puerto Rico for more than one year and must report 100% of their worldwide income on their U.S. individual income tax return regardless of where they […]
Building Client Loyalty in the “Age of Disruption”
Clients all over the world demand client loyalty which means, greater personal attention in their shopping and service experiences and accounting services are no exception. For years now, there is talk on how the accounting profession is poised to be primarily driven by the explosive growth of digital technology. The survival mantra today is […]
Digital etiquette for small businesses
For a small business, an inexpensive tool to build brand awareness and promote service is social media. With the internet comes speed & efficiency, but a firm focus on basics and careful responses with an eye on reputation building are required. Discussed in this article are a few tips on digital etiquette. Evolution […]
Tax Strategies for selling your business
Planning for the tax implications when it comes to selling your business is critical. Ignoring tax considerations until negotiations are well underway or a deal is struck is a serious mistake. Taxes on the proceeds of your sale, especially the potential for double taxation, can leave you clutching at the straws. Business owners who […]
Holding stocks in retirement accounts
A major component of a successful retirement portfolio stocks. To build a nest egg large enough to fund your life in retirement, which could last 30 years or more, you will need the growth that stocks provide. Investing in stocks is a tricky proposition though. In spite of the volatility in the markets, […]
Tax Implications of retiring abroad
Retiring abroad while retaining your US citizenship may seem like a dream. Without careful planning and help from international tax advisors, unexpected foreign taxes can put a sizeable dent in your retirement income. While foreign taxes will always be complicated, tax advisors can help retirees navigate the critical issues. There is something undeniably […]
Summertime Tax Tips
Summertime is ideal to reassess your tax strategy and overall income situation and look to rectify mistakes made during the tax season and stay in good stead for the rest of the year. Here we are discussing and providing a few summertime tax tips for you. Quarterly payments protect you from paying penalties or […]
Trim the fat off your workflow
Firms are offering clients full-scale business advisory services that allow them to switch to more efficient business processes. As a trusted advisor to clients, practitioners also need to lead by example by operating at peak efficiency in their own practices. Process improvement will help create the infrastructure necessary for the firm’s long-term success. Let’s see […]