IRS Digging into Taxpayer Holdings in Caribbean Banks

May 2, 2013 

IRS Digging into Taxpayer Holdings in Caribbean Banks

A federal court in San Francisco has granted an order authorizing the U.S. Internal Revenue Service (IRS) to serve a summons seeking information about US taxpayers who may hold offshore accounts with FirstCaribbean International Bank (FCIB), a subsidiary of Canadian Imperial Bank of Commerce.

 The ‘Busy Season’ That Almost Wasn’t

April 29, 2013 

The ‘Busy Season’ That Almost Wasn’t

As we wrap up another busy season, we have the chance to catch our breath and reflect on the past few months. When reflecting to the beginning of 2013, many of us recall the fear of the unknown on various tax guidance and advice we had given the previous year.

Steven M. Phelan

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April 24, 2013 

The Hidden Wallet: 5 things owners buy with a secret stash of cash

Most business owners buy annual tax and assurance services from their accountant easily enough, but when it comes to investing in business advice, owners can be hesitant. Entrepreneurs reckon they know their business better than anyone and many take the attitude “if it ain’t broke, why fix it?”

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April 19, 2013 

‘Tax Freedom Day’ arrived five days later this year

Tax day might have been Monday, but "Tax Freedom Day" arrived on Thursday, April 18, the 108th day of 2013, according to the Tax Foundation's annual calculation. Up until today, Americans have been working for the government.