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Business travel can be costly. Hotel bills, airfare or train tickets, cab fares, public transportation – it can all add up fast. Business travelers may be able to offset some of those costs by claiming business travel deductions when they file their taxes.

Rupali Mundada truly loves her work as a certified public accountant (CPA). She gets to use her analytical and client service skills to learn about a client’s business and build long-term relationships with the team. But no matter the client, all of them have the same goal when it comes …

Accomplishing Savings for Clients: Rupali Mundada in Accounting Read More »

Does your business operate across state lines? If so, you may be subject to taxes in more than one state.

In general, the earnings of foreign corporations are not taxed in the United States until the foreign corporation pays a dividend to its United States shareholders. In other words, there must be repatriation by the foreign corporation to US shareholders before earnings are taxable.

Certain US persons who hold foreign financial accounts must file the Report of Foreign Bank and Financial Accounts (FBAR) as part of their United States taxes each year. Penalties for failing to file FBAR correctly can be steep.