Jay Sharpe, CPA, CFE’s Post

The IRS has begun its first six audits into the use of business jets, on a scale never seen before in the business aviation industry, reports Aviation International News. These six are part of an initial fifty audits that the IRS plans to launch, including high-net-worth individuals and corporations. It’s been noted that the IRS is asking for extremely thorough and lengthy documentation, demonstrating the need for clarity on back-office processes that could be dated back years. The importance of financial transparency has never been greater! Did you know MySky recently updated its Tax software to include multiple reporting capabilities? “At a time when there can be no room for error, MySky Tax provides the most advanced corporate aviation tax software on the market” says Ryan DeMoor, head of aviation tax at MySky and chair of the NBAA tax committee. Visit https://mysky.com/tax to find out how MySky can enable you to remain fully compliant. #BusinessAviation #IRSAudit #TaxCompliance

A really useful summary of the recent decision in Bluecrest and the salaried member rules in overview by Jitendra Patel. A must read for all LLPs #professionalservices

Some great insight from Jitendra Patel on the recent Bluecrest case - take a look, and please do get in touch if you would like to know more

Some great insight from Jitendra Patel on the recent Bluecrest case - take a look, and please do get in touch if you would like to know more

LLP members: taxed as partners or employees? Here is my analysis of the recent Upper Tribunal decision in Bluecrest on the application of the salaried members rules and its implications for LLPs and their members. Get in touch if you want to discuss your firm’s own position. #tax #partnerships #professionalservices #lawfirms #investmentmanagement #salariedmembers

A really useful summary of the recent decision in Bluecrest and the salaried member rules by Jitendra Patel - take a look, and please do get in touch if you would like to know more.

Congratulations to our very own Izzy Ritson and her new husband Matt who tied the knot on 16th March. The new Mr & Mrs Stanley looked absolutely stunning on their special day and we wish them all the best for their future together. 💙 #congratulations #mrandmrs #newlyweds #accountancy #accounts #tax #moneymatters #accountancyfirm #lancashirebusiness #accountants #accountingfirm #financialservices #taxprofessionals

To all of our law firm friends - particularly in New York - a reminder from my partner Christopher Imperiale to take a peek at year end planning "chores" so as to save on taxes and prepare for 2024 ! #citrincooperman #lawfirm #taxplanning #professionalservices Preparing for a Successful Year-End A Checklist for Law Firms (citrincooperman.com)

Why should you choose the Romine Group? We are so glad you asked. The business entity- LLP, LLC, Sole Proprietorship, Partnership, Corporation, etc.—that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also. #cpa #taxes #accounting

Our clients choose us because we take the time to understand the issues that drive them. We’re the go-to tax, audit and business advisers across varied and specialised sectors. #wearesaffery #saffery