Among the many looming financial reforms is a requirement that managers of large hedge funds and private equity funds register as investment advisors.
Many smaller funds, family offices and venture capital firms will get some relief. Managers of hedge funds, private equity funds, venture capital funds and family offices who have fewer than 15… more
In an economy where cash is king, more than ever before, companies can minimize their tax liability and increase their cash flow through properly classifying building and/or leasehold improvement construction or acquisition costs into lives shorter than 27 ½ and 39 years (the typical recovery period for real property).
Although results will vary depending… more
This article is the second part of a three-part series on tax opportunities and issues facing nonresident owners of multistate flow-through entities (i.e., partnerships, limited liability companies, etc.). The focus of Part Two is how the flow-through entities’ income is reported by the nonresident owner (corporate or individual), including compliance and withholding issues.
Various… more
In December we featured an article on ROTH IRA conversions that covered the basics of conversion. This article discusses life after that conversion, including the benefits of annual conversions.
All taxpayers are eligible to convert traditional IRAs to Roth IRAs commencing January 1, 2010. Even though all taxpayers with wage income, alimony or self-employment… more
New guidance was issued that will change the methodology and timing for recognizing revenue under multi-element products. Will your Company Need to File for a Tax Accounting Method Change?
These newly adopted accounting policies may also impact a company’s tax accounting methods. This article provides a summary of the changes in the book guidance… more
