Frost & Associates, Attorneys at Law
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June 2016 Archives

Sole proprietors: work with experienced advocate to effectively handle IRS audit

For those who are in business for themselves as sole proprietors, managing tax compliance is an important task. Not only is there income tax and the obligation to report profits, but also self-employment tax, quarterly estimated tax reporting, social security and Medicare taxes and tax withholdings, federal unemployment tax, and other potential tax obligations as well.

When one’s business is being audited

Running a business can have stressful aspects under any circumstances. Certain things though can add to the stress a business owner experiences. One is finding out from the Internal Revenue Service that their business is going to be audited.

U.S. Department of Justice Launches Investigation into Panama Papers

A few weeks ago the world was introduced to one of the largest information leaks ever seen: over 11.5 million documents and 2.6 terabytes of information from the Panamanian law firm Mossack Fonseca went public. While the leak does not necessarily stamp all those involved with guilty convictions for tax evasion, money laundering, or any other crime associated with offshore bank accounts, it does raise many concerns for both the firm and its clients. Those documents that have been reviewed show that many of the individuals implicated in the Panama Papers have strong ties to the United Kingdom; in fact, estimates show that over half of the companies that Mossack Fonseca created for its clients are registered in the UK or in British-administered tax havens.

Every Tax Problem Has A Solution

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Phone: 202-618-1873
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