Norris McLaughlin & Marcus, P.A.

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Business Without Borders

May 29, 2015

Taxpayers take note of the June 30, 2015 deadline for the Fincen 114, Report of Foreign Bank and Financial Accounts (“FBAR”)

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, exceeding certain thresholds, the Bank Secrecy Act may require you to report the account yearly to the Department of Treasury by electronically filing a Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR).» Read More

May 20, 2015

USCIS announces imminent suspension of Premium Processing for H-1B extension applications

Starting May 26, 2015, U.S. Citizenship and Immigration Services (USCIS) will temporarily suspend premium processing for all H-1B Extension of Stay petitions until July 27, 2015. During this time frame, petitioners will not be able to file Form I-907, Request for Premium Processing Service, for a Form I-129, Petition for a Nonimmigrant Worker, requesting an extension of the stay for an H-1B nonimmigrant.  » Read More

May 14, 2015

REWIND: International Business News #102

In this week’s REWIND of international business news,

Food Giants Continue to Grow

Two European supermarket operating giants have announced that they have entered early-stage discussions about a merger.  If combined, Ahold, the Dutch supermarket operator and owner of Stop & Shop and Giant grocery stores, and Delhaize Group, the Belgium based owner of Food Lion grocery stores, would constitute a 25.6 euro supermarket giant. » Read More

Apr 21, 2015

Nothing’s Stopping Indian Firms From Starting FATCA Registration

While India is yet to sign a final agreement with the United States for the Foreign Accounts Tax Compliance Act (FATCA), close to 1,000 Indian financial institutions and their overseas units are believed to have already registered with the United States tax authorities under this new regime.  FATCA compliance had its genesis when the US Treasury initially announced in 2012 that it was engaged with more than 50 countries and jurisdictions around the world to improve international tax compliance and implement FATCA.» Read More

Apr 17, 2015

Steve Dubner Thinks Like a Freak at Meritas Annual Meeting

Meritas, an established global alliance of independent, full-service law firms (of which NM&M is a part of), is currently holding its annual meeting in Denver, Colorado. Today, Steve Dubner, the economist, author, speaker and podcaster, told Meritas attorneys the value of collecting data, evaluating the data without preconceptions (have fun with that), and how to use that data and analysis in a useful way.  » Read More

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