Best SMB legal update ever!! Foreign bank account reporting a must for anyone with access to a foreign bank account that exceeds $10,000 at anytime during the year. Severe penalties apply if you fail to report. Also, a back to school tax scam warning, IRS audits and more!

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Reg Baker, CPA PFS, is a nationally recognized expert on Small and Mid-Sized Businesses (SMB’s). He serves on the national board of directors for the Small Business Administration’s Regulatory Fairness Board and is the Chairman of Region IX which includes California, Arizona, Nevada, Hawaii, Guam and American Samoa. He Chairs the Small Business and Entrepreneur Committee of the Hawaii state Chamber of Commerce and hosts Business in Hawaii with Reg Baker. Mr. Baker has over 25 years’ experience both owning small businesses and serving SMB’s and their owners focusing on start-ups, stressed company turnarounds, taking companies to the next level and Wealth Management for the owners.