Modern Business


Happy New Year! Morris + D’Angelo Celebrating 25-Years and a New Decade Providing High-Level Financial Services Preserving Multi-Generational Family Wealth

Foreign Business, Foreign Business Requirements, Start a Business in the U.S., State Taxes, United States
Morris + D’Angelo provides assistance for people who are considering global expansion, most commonly into the United States. Morris + D’Angelo is a boutique cross-border Financial Services firm that specializes and serves Multi-Generational Family-Based enterprises and their owners. Daniel Morris leads the firm’s Business Structuring, Taxation Strategies, and Related Services Currently celebrating our 25th anniversary, Morris + D’Angelo has been providing high-level Financial Services for both families and entrepreneurs to determine how and where they should ...

Read More


So You Want to Start a Business in the United States of America?

Foreign Business, Foreign Business Requirements, Start a Business in the U.S., State Taxes, United States
I’m about to embark across the “Pond” to present at the IAPA International conference in Manchester, England regarding “Facilitating International Business”. My topic is about starting or expanding a foreign business in the United States of America titled “So, You Want to Start a Business in the USA”. “Business is a lot like sex…" Whenever I present to global audiences about entering or expanding their USA business operations, I am reminded of a statement by a high school senior student from South Eugene, Oregon during the final round at a University ...

Read More


The IRS and Cryptocurrency Transactions

Bitcoin, Cryptocurrencies, Digital Currencies, IRS, Tax Liability
Both digital currencies and cryptocurrencies have been around for several years (Bitcoin since 2009), but only in the past couple of years has the IRS begun to really focus its enforcement on cryptocurrency transactions. So far the IRS approach has been focused on Enforcement and Punishment, rather than amnesty and voluntary prior year disclosure, a “Stick” approach (punishment) without the “Carrot” (reward). The current IRS approach presents both taxpayer risk and opportunity. In 2014 the IRS issued Notice 2014-21 that rules virtual currencies (Cryptocurrency ...

Read More


Family Advise: Dynamic Change in Family Businesses

Family Advise, Family Business, Family-Based Enterprises
The challenges family businesses have of providing effective tax and business advice to entrepreneurial and family-based enterprises Family challenges are certainly situational as no two are alike. The most common test for professionals is confirming the family is aware of their situation. Entrepreneurs are doers and they are hyper-focused on achieving measurable results and rarely invest in activities that require one of them to reflect and ponder their future. Inherent conflicts exist among the generations as to where to invest the family attention and the ...

Read More


Are You Prepared for Changes in 2018 Sales Tax Legislation?

Legislation on State Economic Nexus: What is subject to sales and use tax U.S. Supreme Court Decision: South Dakota vs. Wayfair Big changes are on the horizon surrounding the rules of sales and use taxes specifically related to modernizing what is Economic Nexus. Economic Nexus is the legal construct that defines a state’s right to collect taxes from an out-of-state vendor, including when it doesn’t have an actual physical presence in a taxing jurisdiction but does have a substantial percentage of its overall sales in the state and/or locality. These changes ...

Read More


A Call for Mindfulness in Our Modern World

Mindfulness, Social Media, Respect
I love people, all kinds of people. I’m as near as I can recall a fourth generation White Male of European (Polish Ancestry) decent that we know of on my Mother’s side (circa 1896). It's time for us to promote thoughts of mindfulness. As you know I am frequently traveling around the world with most of my travel time spent in Europe and Asia. My travels allow me to experience and absorb different cultures and beliefs that suggest and determine how people might behave. I have friendships with all types of people with different and sometimes opposing perspectives on ...

Read More


Consider: Blockchain Uses in Transportation

Blockchain, Transportation, Freight, Cargo
Blockchain, Distributed Ledger Technologies (DLT), and other “Modern” methods of transparent financial transactions have been at the top of my mind this year as it probably has yours too with all the latest headlines we’ve been reading. Blockchain technology is well known for use with cryptocurrencies; however, it has broad potential in applications beyond that of banking and financial services. It is being evaluated for uses in the transportation industry where it has potential benefits ranging from more efficient business transactions to increased tracking ...

Read More