Wealth management

Don't let the rewards of investing abroad blind you to the risks -- and vice versa

Will Rogers has been quoted as saying, “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” Earlier this year, Congress passed the American Taxpayer Relief Act of 2012, which may have prevented us from falling off the fiscal cliff, but further complicated the already complex world of income taxation of estates and trusts.

Private equity fund managers are beginning to be concerned that they may lose their tax break on carried interest as lawmakers in Washington again debate tax reform.

Rob Ganjon, the new CEO at iLumen, explains how business intelligence is the next natural step in accountants' evolution.

Mike Tyson is preparing for another fight—this time, with his former financial planner.

For years, you’ve been hearing that you should include financial services among your tax or accounting practice’s service offerings.

CPAs have long been sought after as Centers of Influence, or COIs, by members of the financial services profession for many years.

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda.

Accounting and consulting firm Crowe Horwath LLP has introduced Crowe K-1 Navigator, a tool that helps streamline Schedule K-1 tax-reporting processes for flow-through businesses such as partnerships and S corporations.

In my consulting activity the last few months of 2012, I saw the emerging symptoms of a new disorder in many family business owners: Post-Traumatic Gift Disorder, or PTGD.

The Financial Accounting Standards Board has issued a revised set of proposals for the financial instruments accounting standards it has been working to converge with International Financial Reporting Standards.

Accounting and advisory firm Marcum LLP has introduced an interactive online map that tracks the status of same-sex marriage in each of the 50 U.S. states and how such unions are treated for tax purposes.

Check out the digital edition of the February 2013 issue of Accounting Today.

U.S. Tax Court Judge Elizabeth Paris handed the taxpayers a victory last Thursday involving a powerful estate tax planning tool: private annuities.

Kayla J. Gillan, a former deputy chief of staff at the Securities and Exchange Commission and founding member of the Public Company Accounting Oversight Board, has been tapped to lead PricewaterhouseCoopers’ new Investors’ Resource Institute.

The International Organization of Securities Commissions (IOSCO) has published a consultation report offering recommendations regarding the protection of client assets, to help regulators improve the supervision of intermediaries holding client assets in the aftermath of scandals at MF Global and Peregrine Financial Group.

For taxpayers who scrambled to make last-minute gifts at the end of 2012 to take advantage of the gift tax exemption and lower tax rate, it was a good thing to do despite the fact that within 23 hours of year’s end, legislation passed averting the return to the old-law $1 million exemption and 55 percent maximum tax rate.

The chief executives and CFOs of companies accused of backdating stock options for their top executives were likely to lose their jobs and have trouble finding another one, according to a new study.

Highlights from the world of financial planning

The toolkit that I recommend does not exist in a toolbox anywhere, regardless of how consultants and associations try to market their package and products as a "turn-key" practice management system in a box.