blog
January 17, 2018
US Expats in Canada

The largest subset of US expats are living in Canada. Our neighbor to the north is the place where we have the most clients residing outside of the US and there are some common issues that...

January 17, 2018
Tax Breaks for Expats

If you are a US expat, the requirement to file a US tax return can be painful but the tax liability doesn’t need to be. There are three main ways that expats can reduce their US tax liabilit...

January 17, 2018
What are the FBAR requirements?

What is the FBAR (also known as FinCen Form 114), and why is it so important? An FBAR is a report filed with the Financial Crimes Enforcement Network which is part of the Department of Treas...

January 17, 2018
What is a US Expat?

What is a US expat? An expat is a US citizen who is living in a foreign country. For some people it’s a US citizen that has been transferred to another country for work purposes on...

January 16, 2018
New Tax Bill: Mortgage Interest

For every single individual taxpayer who has a mortgage on their principal residence, your mortgage rate just went up with the new tax bill and I can prove it. ...

January 16, 2018
New Tax Bill: Business Vehicle Deductions

For business owners with vehicles in their business the new tax bill has a few wrinkles that will affect how you treat those vehicles. There are two big items to discuss. ...

Get documentation for your charitable contributions in January so you have them before you go to file your return.
- Chris Wittich, CPA
January 15, 2018
Two Sets of Books?!

You don’t have to be Tom Petters or Al Capone to have two sets of books.  In fact, I believe that most if not all businesses can benefit from having two sets of books (financial statements), legally. ...

January 14, 2018
Do You Need a Retirement Plan Audit?

As your company continues to grow, the number of participants in your retirement plan will likely grow as well. This can often trigger the need for an audit of your retirement plan. If your plan is approaching 120 participants, it’s time to start thinking about the audit process....

January 11, 2018
Benefit Plans: Your Responsibility – As Important as Your Employer’s

Are you investing in a benefit plan through your employer?  If you are, do you regularly check the deduction from your pay check?  Do you receive monthly or quarterly statements summarizing your account activity?  Do you read those statements?  Do you know what to do if you notice something is not correct?  ...

January 2, 2018
Cash Flow Statements – General Basics

Cash is King! This is what I hear from many clients. It is very true since it is the deciding factor for many business decisions....

January 2, 2018
Find time for strategic planning

As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises that never seem to end....