05/11/2023
Avantax reports more than $228 million in newly recruited assets during 2023’s first quarter with continued interest from growth-minded independent financial professionals and accounting firms
04/26/2023
The think tank promotes adding special surtaxes for ultra-wealthy people, imposing a “wealth tax” on assets such as real estate, yachts and luxury vehicles, and increasing IRS enforcement on the super-rich.
04/19/2023
But there is still a commitment to a split into two companies.
04/19/2023
A recent study from academic and Internal Revenue Service (IRS) researchers found that wealthy Americans have stashed nearly $2 trillion in foreign tax havens, with much of that fortune linked to a handful of the country’s richest households.
04/17/2023
But what's known as the "buy, borrow, die" strategy, a term coined by University of Southern California economist Edward McCaffery nearly three decades ago to describe how rich individuals avoid capital gains taxes on investment profits, is
03/31/2023
The charge carries a maximum sentence of five years in prison, but Manhattan federal prosecutors agreed not to seek a punishment outside of 24-to-30 months.
03/17/2023
Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.
02/17/2023
The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.
01/24/2023
The legislation would tax an extra 1.5% on Californians with a worldwide net worth of more than $1 billion starting January 2024.
01/07/2023
Corporations’ contributions to the communities in which they serve is one of the biggest proactive drivers of a company decision to create and implement an ESG strategy.
09/30/2022
Based in Chicago, Topel Forman is a full-service, 120-person public accounting firm whose services include tax, audit and advisory.
09/30/2022
The combination also expands Baker Tilly’s coast-to-coast footprint with locations in Tampa and Atlanta.
09/28/2022
Strategy is the first from J.P. Morgan to combine active management with portfolio customization, daily tax-loss harvesting, and tax-smart transitions
08/25/2022
The law requires banks around the world to report assets and accounts of US clients to the IRS, but wealthy Americans have figured out a way to sidestep the rule and draw less scrutiny from the banks.
07/28/2022
IRS acknowledges that the evolvement of digital technology across the world
07/01/2022
Authorities have announced a suspension of the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion
06/22/2022
Among its partners are established software vendors such as Alkami, Bottomline and FIS.
06/20/2022
Around a third of the respondents said they would never consider abandoning their U.S. citizenship.
06/08/2022
The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.
06/03/2022
Ongoing tax-loss harvesting and tax management capabilities are critical to advisors seeking to grow their business