FF&F News & Events


expatriation-tax-implications

Alliott Spotlight: Expatriation

For certain taxpayers, the decision to expatriate results in significant tax consequences and a variety of issues to consider. Alliott Group has featured a blog by FF&F’s Hunter Norton regarding expatriation considerations for U.S. citizens.

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Expats Map

Understanding the Tax Costs Before You Expatriate

Although most taxpayers would never consider relinquishing their U.S. citizenship or surrendering their status as U.S. permanent residents, a certain minority of taxpayers in fact do so. As reported by Bloomberg, expatriation from the U.S. has been on the upswing since 2010 and a record 2,367 people relinquished their U.S. citizenship in the fourth quarter of 2016.

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Self Employment Tax

Tax Tips for the Self-Employed

Perhaps more often than ever, we’re seeing many people walking away from the once-coveted 9 to 5 job and instead moving into the self-employment arena. As is to be expected with any life-changing decision, making the shift to self-employment comes with an array of tax benefits and pitfalls to consider.

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New York State

PrompTax: Required Participation for Withholding Tax Payments

The PrompTax program is an electronic filing and payment program used for remitting payroll tax withholding (including metropolitan commuter transportation mobility tax) as well as sales, motor fuel and petroleum business taxes. NYS is requiring mandatory participation in this program for businesses who meet the enrollment criteria.

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Ledger & pen

Internal Control: Why It’s More Important for Small Businesses

Businesses with fewer than 100 employees accounted for the highest percentage of fraud instances and higher median loss than their larger counterparts, as reported by the Association of Certified Fraud Examiners (ACFE). Fortunately, there are steps your company can take to help prevent and detect fraud. The most important step for any small business owners is to implement properly designed internal controls.

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US Supreme Court 2

Sixth Circuit Upholds Use of a DISC to Fund Roth IRAs

In a recent decision, the United States Court of Appeals for the Sixth Circuit confirmed the legitimacy of the strategy of using a Domestic International Sales Corporation (DISC) as a vehicle to fund a Roth IRA. This decision is particularly noteworthy for individuals who have interests in businesses that sell products for export.

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association-conference-berlin-675px

FF&F Attends International Conference in Berlin for Professional Firm Leaders

The Alliott Group 2017 EMEA Regional Conference in Berlin takes place over four days and will enable attendees to listen to and learn from a range of speakers on business, technical, marketing and firm improvement topics that will help their firms and their clients to be smarter and more strategic in the way they do business, particularly when business crosses geographic borders.

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