The Accidental American Who is an accidental American? One, who is born in America to foreign parents and by virtue of a birth in America, acquires American citizenship. (There are others who fall in the accidental category as… March 5, 2020
Here’s why accounting firms should outsource bookkeeping services Amongst the wide range of services that accounting firms offer, bookkeeping often falls through the ranks as the least lucrative. Despite bookkeeping being a simple task for a trained accountant, it requires significant time and… February 27, 2020
Taxable Events in the Virtual World In October 2019, the IRS issued a new Revenue Ruling – 2019-24 which deals with virtual currencies/cryptocurrencies and provides much needed guidance on the treatment of specific taxable events associated with cryptocurrencies. The virtual world… February 19, 2020
How small businesses can avoid tax surprises this coming season. Mortgaging hard-earned profits due to a tax surprise can be a hard on most small business owners. Even worse is learning about money left on the table due to an unclaimed or uninformed tax deduction.… February 11, 2020
Virtual Currency – The Real Story We have all heard of Bitcoin and Ethereum – Cryptocurrencies that are also considered to be virtual currencies. So, what exactly is virtual currency? According to FinCEN - (Financial Crimes Enforcement Network), virtual currency is… February 4, 2020
Important Tax Reforms of the Last Decade The last decade saw expansive changes by the IRS to simplify tax procedures, improve voluntary compliance and acclimatize to the growing pace of globalization and the digital economy. While some initiatives proved successful, most fell… January 28, 2020
US Tax Deadlines 2020 for 2019 Tax Year Today’s blog post provides the various deadlines and dates applicable in 2020 with respect to the 2019 tax year. Dates are included for individuals, corporations, C-Corps and S-Corps, Partnerships and trusts. Individual deadlines cover resident… January 22, 2020
Real Estate Investment – Opportunities for the Indian Diaspora The rupee’s downward spiral may have been a cause for worry to Indian citizens, bankers and the government alike but it could prove to be a bonanza for the Indian diaspora spread across the world… January 7, 2020
How to protect your finances How best you handle major unforeseen expenses, health issues, job cuts etc in the future depend on your financial preparation today. This article provides some tips on how to protect your finances, and determining the… December 20, 2019
Things to know about social security benefits The choices you make relating to your Social Security benefits have a huge bearing on your financial future. Although you qualify to begin receiving your Social Security benefits at 62 years of age, a longer… December 20, 2019
