AZRAN FINANCIAL BLOG
ACCOUNTING, FINANCE, TAX & ADVISORY
A good entrepreneur may see a handful or a dozen companies in a lifetime, we see hundreds a month. Therefore, we can provide the inputs, outputs, and frameworks to help leaders make better decisions while also maintaining the feedback loop to adapt, adjust, and continuously improve.
This blog is a place to share insights on topics ranging from startup accounting to international tax to blockchain. We will also share important news and information about the accounting, finance, and tax arenas, and of course, also about our firm. Having staff and partners including some of the best accountants for startups to experts in international tax and cryptocurrency tax gives our group a lot of perspectives and value which we hope to share here with you to help us grow together!
Founder, Joshua Azran CPA/ABV/CFF, CMA, CGMA, CFE
2012 Planning: Tax Solutions for S-Corporations
C-Corporation, Corporate Income Tax, Federal Tax Law Updates, International Tax, S-Corporation, Tax PlanningAn S-corporation, such as yours, is a pass-through entity that is treated very much like a partnership for federal income tax purposes. As a result, all income is passed through to your shareholders and taxed at their individual tax rates. However, unlike a C corporation, an S corporation’s income is taxable to the shareholders when it […]
2012 Year-End Tax Planning For Businesses
Corporate Income Tax, Federal Tax Law UpdatesIn recent years, end-of-the-year tax planning for businesses has been complicated by uncertainty over the future availability of many tax incentives. This year is no different. In 2010, Congress extended many business tax incentives for one or two years. Now, those incentives have expired or are scheduled to expire. Whether they will be extended beyond […]
2012 Year-End Tax Planning For Individuals
Estate Tax, Federal Tax Law Updates, Gift Tax, Individual Income TaxAs 2012 draws to a close, many taxpayers are asking how they can plan in light of the uncertainty surrounding the fate of the Bush-era tax cuts and other expiring tax incentives. 2012 began with great uncertainty over federal tax policy and now, with the end of the year approaching, that uncertainty appears to be […]
Repairs Versus Improvements: New Rules for Deductibility
Corporate Income Tax, Federal Tax Law UpdatesThe IRS and Treasury have issued long-awaited, comprehensive regulations on the capitalization of amounts paid to acquire, produce or improve tangible property. The regulations, released at the end of 2011 and effective immediately for most taxpayers, provide the standards that businesses must now apply to determine whether expenditures can be deducted as repairs or must […]
Nonresident Alien Tax Planning
Individual Income Tax, International TaxThe distinction between resident aliens and nonresident aliens is crucial because resident aliens, like U.S. citizens, are taxed on worldwide income, whereas nonresident aliens are taxed only on U.S. source income. Your status as a nonresident alien individual affords you many opportunities to take advantage of the U.S. tax laws. We must verify your status as a […]
Tax Planning with the Annual Gift Tax Exclusion
Estate Tax, Gift Tax, Individual Income TaxYou may not be aware just how useful the annual gift tax exclusion can be as a tax planning tool and tax saving strategy. It is one of the easiest and most effective ways to transfer property without incurring a transfer tax. What is the gift tax? The gift tax applies to the transfer of property by […]
Tax Planning Considerations for the 3.8% Medicare Tax on Investment Income
Federal Tax Law Updates, Individual Income TaxThe health care reform package (the Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010) imposes a new 3.8% Medicare contribution tax on the investment income of higher-income individuals. Although the tax does not take effect until 2013, it is not too soon to examine methods to lessen the […]
Q2 2012 Update on Federal Tax Law Developments
Corporate Income Tax, Federal Tax Law Updates, Individual Income TaxDuring the Second Quarter of 2012, there were many important federal tax developments. Health care legislation In a 5-4 decision, the U.S. Supreme Court upheld the Patient Protection and Affordable Care Act (PPACA) and its companion law, the Health Care and Education Reconciliation Act (HCERA) on June 28, 2012 (National Federation of Independent Business et al. […]