William F. Roth III

William F. Roth III is a tax partner with the local office of international accounting firm BDO LLP. Contact him at wfroth@bdo.com.

ARTICLES

Keeping the cash and the grass from going up in smoke

September 24, 2012

The old saying “The grass is always greener on the other side” has taken on some additional meaning. In recent years, an increasing number of states (including Michigan) permit the medical use of marijuana. The trend has occurred as a result of state legislatures or statewide referendums approving, in some fashion, the sale and distribution of marijuana for limited medical purposes.

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Congress and the administration have some work ahead of them

August 13, 2012

We hear a fair amount about the upcoming fiscal cliff that will be upon us Jan.1, 2013. On that date, the Bush-era individual tax cuts expire, as well as other significant tax provisions. In addition, the social security payroll tax holiday also expires. No doubt we will survive in some measure — but at what cost? Will we need to buy shovels to dig out of another recession?

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New procedures allow taxpayers to become current

July 16, 2012

The use and abuse of foreign accounts and assets has increased as investing and business activity become more global. As a result, the federal government has been focusing on foreign assets and investments held by U.S. taxpayers. The Department of Justice and the Internal Revenue Service have stepped up their enforcement of international reporting requirements and have pursued non-filers or those who have omitted foreign income from U.S. tax returns.

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Free trade agreements opening new markets for companies

June 4, 2012

We hear often we live in a global economy. Many U.S. companies have taken advantage of the new markets for sales of their products. Many small- and medium-sized companies have benefited from these new opportunities in foreign countries. This trend is likely to continue as new free trade agreements are negotiated between the U.S. and its trading partners.

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Apples offshore profitscash situation echoed by many companies

May 1, 2012

The political fires are being ignited for the fall campaign, and taxes and tax policy is a much-discussed topic. The debate continues over tax rates and one’s “fair share.” The politicians tend to view any successful individual or company as not paying enough in income taxes. Offshore profits that have been taxed at low rates continue to be the target of the tax sound-byte torpedo that is trying to sink the successful operations of companies that may have legitimately earned profits in non-U.S. markets.

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Medicare related taxes will sneak up on many in

March 26, 2012

We are all in the midst of dealing with our personal income taxes. Nothing seems to remain the same from one year to the next. More tax surprises are in store for 2013.

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How much income should be rendered unto Caesar

February 20, 2012

The recent weeks have been quite interesting from a tax policy standpoint. The release of tax returns from candidates running for president and the president’s State of the Union address included many general tax proposals.

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Tight timeframe adds to Form 8937 compliance burden

January 9, 2012

The new year has arrived and we are all attempting to catch up on what we postponed dealing with until after the holidays. Most businesses will begin to gather the information needed to file W-2 forms for employees and 1099 for independent contractors.

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Death and taxes a time to strategize and review

December 11, 2011

The year is quickly coming to a close. The year-end holiday period traditionally brings a time when we reflect on what we accomplished and didn’t accomplish in the past 12 months. It gives us the opportunity to set new goals for the coming year. That internal reflection process is why many of us set New Year’s resolutions that seem to be soon forgotten.

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Is it time to take another repatriation tax holiday

October 23, 2011

Autumn is traditionally the time for watching a football game, enjoying the World Series and enjoying seasonal color changes. This fall, fiery orange and yellow colors over Washington, D.C., may be more the foliage changing. 

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