Foreign Bank and Financial Accounts

Foreign Bank and Financial Accounts

Foreign Bank and Financial Accounts If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds,...
IRS – Will Be Sending Stimulus Debit Cards

IRS – Will Be Sending Stimulus Debit Cards

IRS – Will Be Sending Stimulus Debit Cards Everyone that has not yet received their Economic Stimulus Payment and is expecting a paper check needs to be aware that the IRS announced a change yesterday. The U.S. Treasury Department has stated that the IRS will begin...

Business Financing – Don’t Intermingle Funds

Business Financing – Don’t Intermingle Funds Intermingling Funds A common problem with single-owner and other closely-held corporations is intermingling of funds.  This occurs when a corporate shareholder uses his or her personal checking account for...
Employee or Independent Contractor

Employee or Independent Contractor

Employee or Independent Contractor? In order for a business owner to k now how to treat payments made to workers for services, he or she must first know the business relationship that exists between the business and the person performing the services.  A...