Managers of Wealth Americas

Baker Tilly Expands in California’s Silicon Valley with Acquisition

In the past 24 months, Baker Tilly also expanded into Texas

To fight inequality and COVID-19, tax the ultra-rich

The federal government should introduce new taxes targeting extreme wealth concentration and use the revenues to strengthen social safety nets and stimulate the economy.

New York State continues to investigate tax evasion in art sales

In light of this announcement and broad anticipation that state authorities will increase investigations and prosecutions of sales and use tax violations in the art market due to the pandemic’s impact on state and local tax revenues

Canada's Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users

Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 use

Tax policy implications of a Joe Biden presidency

Joe Biden campaigned on the premise that the benefits of the 2017 law are skewed to large corporations

Billion Dollar Tax Haven Battle Heads to Canada’s Top Court

The appeal court’s decision provides a road map for companies seeking to avoid paying taxes by parking assets offshore, the agency’s application to the top court said.

California’s Proposition 15 to impact owners of non-exempt commercial and industrial real estate

In contrast with current law, Prop 15 would provide an exemption of up to $500,000 of all tangible personal property owned and used for business purposes.

Best IT Audit Firms in the United States for Internship

The team of more than 100 IT risk professionals in the Middle East and more than 10,000 in the rest of the world

U.S. Brings ‘Largest Ever Tax Charge’ Against Tech Executive

Federal prosecutors said Robert T. Brockman had used a web of entities based in Bermuda and Nevis, as well as secret bank accounts in Bermuda and Switzerland, to hide $2 billion in income from the I.R.S.

Grant Thornton Principal Priya Sarjoo named ‘Top 25 Consultant’ in 2020

Consulting magazine honors Sarjoo for ‘Excellence in Leadership’

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

Charting an estate planning course in uncertain political waters

The Democratic Party has made very clear that if it had unfettered control, taxes on property transferred by gift or death would rise.

Where to Put Your Stocks and Bonds to Pay Less Tax

By holding investments like bonds in these accounts, any income earned will not be taxed in the period earned -- it will only be taxed, albeit at ordinary income rates, when money is actually withdrawn from the account.

GAO Tells Lawmakers Offshore Variable Life Can Be Abused

Further, some taxpayers closely control how their premiums are invested and may direct premium funds toward illiquid assets they currently own in an attempt to convert taxable income to tax-exempt income that is eventually passed on to their beneficiaries

Tax