Are You Planning to Setup a Branch or Related Company Outside of the US? What Should You Know?

Sherry Radmore, CPA

Many businesses are now considering operations in a foreign country.   There are many issues that should be discussed and processes to be initiated before the decision to move offshore is made.  Here  are three of the more basic things to think about: 1. Intangible property transfers: Intangibles include customer lists, use of patents   and processes, etc.  If these types of property are transferred to a foreign subsidiary, the foreign sub is expected to pay … [Read more...]

Sherry Radmore says, “Beware of EFTPS E-mail Scam”

Employers should be advised on a bogus email scam referencing Electronic Federal Tax Payment System (EFTPS). The email being circulating contains a link, if clicked on, could be malicious software. This software is designed to gain scammers access to your financial information. The Internal Revenue Service does not make contact with taxpayers regarding EFTPS via email or tax account matters. If you receive an email report it to phishing@irs.gov Posted 7/26/2011 … [Read more...]

Estate Planning in Todays World

Estate planning can be a tricky road, especially after the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRUIRJCA 2010). I found this really great article from Brown & Streza LLP, click here. For more information call Sherry Radmore at 714.569.1000. Posted 5/5/2011 … [Read more...]