The IRS is coming out of its silos. Between July 15 and September, the IRS will audit several hundred high-income individuals and one or more related entities, typically one or more pass-throughs. This action will require a coordinated and appropriate response by the taxpayer and his or her advisors and the advisors of the related partnerships, trusts, corporations, and foundations.
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Under the Families First Coronavirus Response Act (FFCRA), employees may be entitled up to two weeks of paid sick leave and up to 12 weeks of expanded family and medical leave. In the event a child’s summer camp, summer enrichment program, or other summer activity closing for COVID-19 related reasons, will parents be entitled to paid leave under the FFCRA? Recent guidance issued by the U.S. Department of Labor provides insight.
COVID-19 tested the resilience, creativity and crisis management skills of organizations, governments, and families around the world. As you reflect on the impact of the pandemic on your family from a historical perspective with your own family history in mind, this guide offers tips on how to collect, preserve, and share the memories and lessons learned from facing uncharted waters.
In this episode, two executive search professionals talk about the state of the family office industry during a pandemic and best practices in family office human capital management. They share their insights on compensation structures and the challenges that come with long-term incentive options, career paths for executives in the family office space, and the importance of family education and governance in ensuring a viable succession plan in a post COVID-19 environment.
As anticipated at the onset of the COVID-19 pandemic, there has been a significant uptick in cyber fraud. Cyber criminals are opportunistic and taking advantage of companies at their most vulnerable. This is a result of unique risk factors that have been heightened with the rapid shift to remote working arrangements. In this webinar with accompanying slides, we discuss the steps that can be taken to mitigate the cyber threats and protect your organization during and after the COVID-19 pandemic. Select the 'download file' to view the accompanying slides.
The recent wave of protests and civil unrest that has roiled the nation has, in some cases, led to dangerous conditions in major American cities. Damage to business offices, stores, and restaurants has been widespread. Unlike their recent experiences with COVID-19-related claims in which insurers issued blanket denials, business owners are likely to receive insurance reimbursements for losses sustained during the protests.
We have assembled an impressive collection of speakers for this year's FOX Fall Forum to discuss several issues of global importance. The star of the event is our members and their ability to achieve in a rapidly changing world. Join us to learn from wealth owners and advisors at the top of their game – those who have maximized wealth to create new businesses, foster the next generation of leaders, and solve big problems.
The family offices in the United States have gone through a number of transformative changes due to the disruptive nature of COVID-19. As they look to navigate these uncertain economic times, liquidity will be a critical component for survival. Relief lending programs provide an opportunity for families to reassess their respective offices and businesses to determine if they qualify for such help.
Effectively adapting to adjustments in economic culture and wealth is often difficult and requires families to balance past tradition with the need to move forward. Internationally-recognized family wealth psychologist Dr. James Grubman joins host Damien Martin to discuss the dilemmas, decisions, and challenges that come with wealth and share real-world stories for those both new to and coming from wealth. Here's what's covered:
As social distancing measures abate—and ahead of a possible second wave of coronavirus cases—organizations will need to de-risk the enterprise and adapt operations to a “new normal.” This will require a thorough evaluation of pandemic-driven IT and cybersecurity changes, some of which were rapidly put in place during the response phase of the pandemic, followed by strategic adjustments of enterprise architectures, cybersecurity controls, and business processes based on long-term operating strategies. In the post-COVID-19 world, 10 areas will require attention.