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Two notices from Withers Worldwide discuss changes to U.S. tax rules in the deferred remuneration area that take effect on 1 January 2009. These rules (found in Sections 409A and 457A of the U.S. tax code) target deferred payments that do not satisfy complex technical requirements, imposing a compliance burden on non-U.S. as well as U.S. employers....

When it comes to reaching your family’s financial objectives and perpetuating its wealth, integrated family wealth planning is critical. A family governance system can significantly facilitate that process. This evergreen guide offers best practices and key elements of an effective family governance system, one that can be instrumental and flexible...

Online criminals are working through legitimate sites to place spyware or other malicious programs on the computers of ordinary users, according to Trends in Badware 2007, a report by StopBadware. Criminals can access users' private information through links and software placed on these sites. The report outlines current practices, lists compromise...

China has become a prime source of malicious computer activity, according to Finjan, a California-based provider of Web security solutions. In its December monthly report, Finjan shows the network of connections between Chinese-based servers and how hackers use it to launch spyware attacks from legitimate, even government, Web sites in Western coun...

Wealth management firms and banks must transform their client reporting systems to satisfy investment and web-savvy clients. That's according to a report on next-generation wealth management from Actuate Corp. and IBM Corp. The report examines the growth of the market and outlines some of the challenges confronting wealth managers.

Following the sale of the family business, family members face the decision of whether to pool the sale proceeds and thereby continue as a family investment enterprise. There are many important and very complex tax, legal, financial, operational and accounting issues to consider, but successful implementation of such an enterprise can help family m...

The client/manager relationship can develop into a very personalized helping process. However, few managers are adept at directing their clients to use other, more appropriate resources or know how to divert or avoid personal topics with clients. The result is ineffective help for clients and personal and financial cost to families and family offic...

Companies that manage their people, or talent, successfully are in good position to weather volatile times and emerge in better shape than ever. Deloitte offers suggestions beyond downsizing to align short-term budget-trimming needs with companies' long-term personnel strategies and overall business objectives.

There are significant changes in the taxation of non-UK domiciled individuals. This question-and-answer document from KPMG LLP provides a quick overview of these changes as well as the impact on those affected.

A contingency plan helps ensure that a single or multi-family office is prepared to deal with a disaster effectively, minimizing any financial loss, reputational damage, irreparable damage to fundamental operations and legal liability. Such a plan should address continuance imperatives in three fundamental areas: personnel performance, business pro...

Effective collections security is the application of general security practices centering on concentricity, redundancy and reliability. Ultra-wealthy collectors are wise to examine the relevant work experience of prospective vendors to determine both their credentials and their ability to protect valuable items.

Hiring domestic staff can mean dealing with a shortage of qualified candidates, increased regulations, security and privacy risks, and exposure to liability and litigation. This white paper offers simple, practical steps for ultra-wealthy families who need to hire, retain and terminate staff.

Evaluating and purchasing a capture device begins with a careful assessment of needs. This paper provides guidance not only in determining those needs but also in calculating the return on investment and total cost of ownership of converting paper documents to digital and incorporating them in an enterprise document management system.

Good e-mail management involves adequately capturing, categorizing, indexing, storing and protecting business information contained in e-mails, making it retrievable when needed and disposing of it according to company policies. Implementing an email management system for your company means doing some homework, but careful planning and preparation ...

The family office integrates many diverse components – taxes, philanthropic giving, trusts, personal services, property management and legal matters. A carefully chosen document management system can streamline these many pieces and reduce the overall cost of doing business.