• The skinny on FATCA

    The Foreign Account Tax Compliance Act (FATCA) has survived legal challenges, and disclosure is now the law of the land, with tight deadlines for compliance. Foreign financial institutions (FFIs) must register with the IRS and comply with investor due diligence and verification procedures to identify and report on US account holders.
  • Deadlines approaching for Foreign Account Tax Compliance Act registration

    The Foreign Account Tax Compliance Act (FATCA) mandates information reporting and withholding provisions to ensure that US persons (citizens, residents, and entities created or organized in the US or under the laws of the US) invested in or with non-US entities are identified with the US Internal Revenue Service (IRS). Foreign financial institutions (FFIs) must register with the IRS and comply with investor due diligence and verification procedures to identify US account holders.
  • Meals and entertainment – What is deductible?

    One deduction that almost every business can utilize is the meals and entertainment deduction. This article includes some of the key rules to beware of when determining deductibility and classification of these expenses.