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 ...
What does helping people in Guatemala have to do with accounting in Portland, Oregon? The answer is NOTHING!
So, why would my employer Morris + D’Angelo support my traveling to Guatemala? When I was hired by Morris + D’Angelo in San Jose to open and expand their office in Portland Oregon, I expected to have a “typical” retail space someplace where potential customers could come and get advice and counsel about their taxes. However, that’s not typically all we do at Morris + D’Angelo. While it’s true, we help our customers solve their specific tax ...
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 ...
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 ...
In the modern business-world, anticipating the future requires an understanding of political nomenclature and chaos.
The world recently changed for many business owners in the United States. If you’ve historically conducted a successful business in the U.S., you better keep your eyes and ears open on the latest legislative developments.
Good governance and in particular tax legislation has always been about ways to increase revenues at all times without killing the “golden goose”. Nobody wants to pay and everybody wants more things; so the pendulum swings ...
Foreign interference of our elections reminds me of cigarette package warnings; expressly described and consciously ignored by its users and adopters.
I have often wondered if the Surgeon General’s warning has ever prevented smoking? Even the European versions that use horrific pictures of smoking’s dangers likely lack true preventive aspects. Note: I am not suggesting that anti-smoking campaigns, health education, government projects, social pressures, etc. haven’t impacted smoking, I am sure they have; rising prices and sin taxes simply may have been as ...
Seldom do our Customers hire us because of what we do or how we do it
At Morris+D'Angelo, We look for Customers that fit within our “Why”
At Morris + D’Angelo we pride ourselves on providing Freedom and Liberty for our customers; the ability for you and your families to expand and explore and engage the way they want to engage with limited interference to choose and attain their personal goals.
We also believe that entrepreneurs are the continuing factor to our strong future in the world. Family entrepreneurs are very special because they are often multi-ge...
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 ...
With the anticipation of rising interest rates, sky-rocketing oil prices, volatile markets, and political forces impacting the real estate markets, the frenzy to reposition real estate sales portfolios is continuing, but at unprecedented prices. Daily, I’m asked two related questions: Should I sell and should I do a tax-deferred exchange?
Should I sell?
My response is always the same. “I’ll consult my crystal ball”. I pick up the snow globe on my desk; shake it, nothing but snow … It’s on the fritz. I ask questions back. Is the property performing? ...