Foreign Asset Disclosure Program [Video] by Sanford Millar on 5/14/2012 Foreign Asset Disclosure and the Voluntary Program. This is the program that anybody with clients who have assets off shore should be aware of. Why? Because it's an opportunity for your clients to come forward and...more
‘Taxgirl’ Kelly Phillips on Why Passion Is a Blogger’s Most Valuable Asset: Avvocating 2012 [Video] by LXBN on 5/3/2012 In all my time working with attorneys—going on about five years now—the attorneys who get the most work and the most recognition from their blogs are the ones who worry about it the least. That’s a tough thing to say to an...more
Gibraltar - You may be missing out if you do not consider this jurisdiction by Richard Buttigieg on 4/16/2012 This is an extensive article which sets out to summarise those areas of Gibraltar legislation that are most pertinent to potential foreign investors in the jurisdiction. The reader should get a good flavour of the...more
Atlantic Electronics -v- HM Revenue & Customs Fairness in Justice – Fighting one taxpayer by using the others taxes!. by Monty Jivraj on 2/20/2012 The Chamber President, The Hon Mr. Justice Warren in the cases of HMRC –v- Atlantic Electronics held AN APPEAL BY HMRC TO disapply Rule 10 of the 2009 Rules is DISMISSED! “The right to opt out from Costs is a recognition of...more
VAT windfall for UK solicitors? by Chris Robinson on 1/23/2012 Solicitors can make back claims to recover 100% VAT bad debt relief where insured clients failed to pay the VAT element of the bill...more
Taxing Times: HMRC set to fine firms £3,000 for "assisting in preparation of incorrect SDLT returns" by Martin Callan on 9/28/2011 Her Majesty’s Revenue & Customs (“HMRC”) has announced that it intends to start imposing the maximum penalty of £3,000 in respect of online and paper SDLT returns under section 96 of the Finance Act...more
Owe Back Taxes? Beware of Hiring "Quick Fix" Firms by Ronald Adams on 5/4/2011 If you are struggling to pay your taxes, the last thing you need is to lose more money to a bogus scheme, and it is important that you be alert to the dangers of a quick fix to resolve any big tax bills....more
Why Some Law Firms Have Lousy 401(k) Plans by The Rosenbaum Law Firm P.C. on 4/30/2011 My father is an electrician and my mother always joked that whenever we needed electrical work done in the house, we need to hire an electrician. The story is similar to the tale of the shoemaker’s children that needs shoes....more
Why Attorneys Should Care About Their Clients' Retirement Plans by The Rosenbaum Law Firm P.C. on 3/19/2011 While plan sponsors, financial advisors, and accountants should know about the potential pitfalls of plan sponsor liability or the need to have a plan design that fits the plan sponsor’s needs, I am amazed that many attorneys...more
Attorneys Beware! IRS Tax Consequences For Law Firms Accepting “Gifts” From Court Reporting Firms by Kramm Court Reporting on 2/28/2011 As a marketing ploy, some court reporting firms give staff of law firms $25, $50 and even $200 if you set a deposition with that firm. There are “gifts” of trips, Dom Perignon, and one firm I know of gives $50 to any...more
The New Zero Tax Company Regime in New Zealand` by Henry Brandts-Giesen on 2/16/2011 A new fiscally transparent company is now available in New Zealand. A "look through" company is expected to be very useful in an international wealth structuring context in the same way that "offshore" or "international...more
IRS Permits Puerto Rico-Qualified Plans to Participate in U.S. Group and Master Trusts for Transition Period, Extends Deadline for... by McDermott Will & Emery on 1/7/2011 The U.S. Internal Revenue Service (IRS) announced tax-qualified retirement plans in Puerto Rico may continue to pool assets with U.S.-qualified plans in group and master trusts described in Revenue Ruling 81-100 until further...more
The Dead Lawyers' Society by The Rosenbaum Law Firm P.C. on 1/5/2011 An enterprising associate attorney vs. a law firm uninterested in real enterprise. Sort of like the irresistible force vs. the immovable object. I fought the law firm and the law firm won. A law firm is a business like any...more
Implement “Start, Stop and Continue” Meetings to Improve Your Operations by Rocket Matter on 11/2/2010 What should we start doing? What should we stop doing? What should we continue doing? If you and your team periodically answer these three questions, your firm could perform with the efficiency of a Silicon Valley software...more
Why You Shouldn't Hire Your Payroll Company To Run Your 401(k) Plan by The Rosenbaum Law Firm P.C. on 10/24/2010 The top payroll providers offer services as third party administrators (TPAs) for 401(k) Plans. While it may be a natural segue from providing payroll, there are many reasons why you should avoid using them as your 401(k)...more