Resource Search

Throughout our history, investors have utilized a combination of both “active” and “passive” investment solutions to solve for client needs. This paper provides a perspective on the ongoing debate over the advantages and shortcomings of these vehicles and details the importance for each client to have the right mix in order to position them to achieve their goals and objectives.

Periods of economic boom and bust have been a fixture in academia. Many credit Arthur Burns and Wesley Mitchell for formulizing our present day construct of the business cycle in their 1946 book, Measuring Business Cycles. In most teachings, the economy is neatly categorized into trough and peak, expansion and contraction. The dates of such periods are set by The National Bureau of Economic Research (NBER), a non-profit, independent institution.

The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently.

The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently.

The validity of a corporation’s S election is a primary consideration with respect to federal and state tax return compliance and due diligence efforts. For an S election to be valid, a corporation must satisfy strict eligibility requirements. Among these requirements, a corporation must (1) have no more than 100 shareholders, (2) have only permissible shareholders, and (3) have only one class of stock. Businesses operating as an S corporation should make sure they are familiar with these requirements in order to avoid an inadvertent termination of their S election.

It is not uncommon for wealth transfer planning to focus solely on the amount of money to be transferred and potential strategies for minimizing taxes. However, one of the most lasting gifts that a grantor can provide family members is an understanding of their long-term goals for the family and how this is shaped by shared history and values.This article prepares families for a probing audit of their family dynamics.

Family business owners begin their adventures balancing two priorities: keeping the business as an integral part of an ever-expanding family and creating a profitable, sustainable organization. In the end, family is the guiding force behind the company’s success; maximizing value for the next generation is sometimes more important than maximizing economic value in the present. Creating the right legal foundation will allow owners to put family first when it matters most.

The Worldwide Family Business Tax Guide brings together detailed information on family businesses from 41 countries worldwide. The Guide is a detailed source of information for practitioners, family business owners, tax advisors, tax legislators and tax academics. In trying to distil leading practices and help promote sound tax policy for family businesses, the author has focused on income, corporate income tax, capital gains tax, wealth transfer tax and more.

The US Supreme Court, in a unanimous opinion issued June 19, 2014, implemented a new standard for courts to employ in determining if a taxpayer may challenge whether the Internal Revenue Service has issued a summons in good faith. In light of the Service’s new procedures for administering Information Document Requests, including the potential for summons enforcement, this opinion provides important guidance to taxpayers who may find themselves in the midst of a summons enforcement action.

Despite extraordinary measures by global central banks to re-inflate economies, inflation has remained tame. The reasons for subdued inflation have been deleveraging, excess capacity and high unemployment levels.The author believes that:These factors are unlikely to provide the same anti-inflationary pressures going forward and the Federal Reserve will continue to normalize monetary policy as an offset.Investors should be on inflation watch, scrutinizing investment portfolios and reducing exposure to poorly compensated risks.