Publications
Year-End Tax Planning Considerations for Families with Property Interests in the US
The end of the year presents a strategic opportunity for family enterprise advisors to guide their clients in reviewing their wealth and estate planning strategies.
This is the perfect time for clients to reflect on their financial objectives and align them with their current and future financial commitments. Whether their interests lie in philanthropy, planning for generational business transitions, or navigating surplus wealth goals, effective year-end planning can help optimize their financial outlook.
IRS Releases Proposed Regulations on Reporting & Income Taxation of Digital Assets
In August of 2023, the IRS proposed regulations aimed to align tax reporting on digital assets with tax reporting on other financial assets. They would provide much-needed guidance and clarity on the taxation of digital asset transactions, ensuring consistent reporting and treatment across different types of assets such as crypto. We can help you navigate your taxes and estate planning with Cryptocurrency, NFTs, and other digital assets. There are additional considerations and expertise that Matthew Erskine keeps up to date with and can help you plan for the future with your digital assets.
The Biggest Issue You Have Never Heard of - Complying with the Corporate Transparency Act
Are you an owner of a business, of real estate, or of other property organized as a corporation, limited liability company, limited partnership or other entity created by filing with a Secretary of State office? If yes, then you and your company will need to file information with the Treasury Department on yourself, your company, and every beneficial owner of an interest in your company starting January 1, 2024. If you do not, you face a fine up to $10,000, up to 2 years in jail, or both for each failure to report. Get started now. how to comply with the strict requirements of the new Corporate Transparency Act. (CTA). Determine whether the CTA applies to you and your company and if so, what you will need to report