Adding a Partner

Adding a new business partner to your organization is always exciting; it is a sign of growth in one way or another. It can be difficult knowing how to incorporate this new person into your existing business structure. Friendships can make it tough to know how to handle written agreements, equity, and any legal ramifications that may come from the addition of a partner; this is where we can help.

We worked with a group of musicians that wanted to restructure to include one of the band members as a partner. In addition to adding this new member, they wanted to know how they could track their income and expenses better; they were doing everything in-house and things were getting messy. More

Splitting Work Between Two Countries

Working in two different cities always presents issues and complexities, but it becomes a completely different headache when one of those cities is in a different country altogether. This becomes even more complicated once you introduce real estate and other location specific deductions.

A few years ago a Wall Street banker came to us and expressed his frustrations with his tax situation. He was splitting time between NYC and London, and was generating income in both locations. By the time we met with him, he was already three years late on filing returns and unsure how to address the issue.More

Board Meetings and Investors

An executive director for a not for profit engaged in fundraising and grant writing was losing sleep over the burdens of the monthly accounting. The funds they were receiving were rightfully handled and deposited, but the executive director was having difficulties properly communicating and relaying pertinent information to the board of directors.More

Sophisticated Investments

At tax time, does someone you know receive a Schedule K-1 (Form 1065) from an investment they or their financial advisor bought into; maybe in the oil & gas industry? Their tax preparer is familiar with the K-1, but they may or may not know what to do with the attached information. Supplemental information documents look confusing, and they do not contain explicit instructions on what to do with the data, which may lead to some tax preparers ignoring this information. Since the documents typically report tax deductions, the IRS is not going to make a taxpayer claim them. Hypothetically, everyone would be none-the-wiser after losing out on tens-of-thousands of dollars in tax deductions.More

Structuring LLCs

The idea of opening a new business can be extremely daunting. It becomes even more complicated when you need capital to get things off the ground. One our clients, a top chef in Atlanta, wanted to open a new restaurant, but was nervous about the impact international financing would have on his tax bill. More

Dealing with Late or Missing Documents

Have you received a notice from the IRS saying you forgot to include a W2 or 1099 you received earlier in the year? Neglect to deduct significant tuition fees for a dependent? Forget to mention your HSA contributions and distributions? Received corrected tax statements from investments? 


Selling Your Home

Have you considered selling your primary home, but are unsure of the tax implications of the sale? Most homeowners do not take the necessary steps to prepare themselves of the possible tax burden of selling their home.More

Are You Withholding Enough?

Are you withholding enough from your paycheck? We’re nearing the midpoint of the year, and now is the best time to ensure that you are withholding the correct amount of taxes from your wages.More