Wealth management

Top 100 Firm Postlethwaite & Netterville's Melissa Peroyea receives Health Care Leadership Award

Thomson Reuters has published the 2012 edition of its Estate Planning Guide to help accountants, lawyers, estate planners, trust officers and financial advisors market the estate services at their firms.

Fifty-six percent of workers plan to work past age 65 and 54 percent said they plan to continue working after they retire, according to a recent survey.

New statistics from the Internal Revenue Service indicate that 20,752 taxpayers with adjusted gross incomes of $200,000 or more in 2009 had no U.S. income tax liability.

The price of a company’s stock frequently drops after it makes an acquisition, but a new study finds that the stock decline could also be a signal that a financial restatement lies ahead.

The New York State Society of CPAs said the Internal Revenue Service should provide safe harbor guidelines for transferring property from one irrevocable trust to another, a process known as a trust decanting.

Financial advisors believe traditional diversification and portfolio construction techniques need replacement, and are questioning the relevance of time-honored asset allocation strategies that rely on a 60/40 mix of stocks and bonds and long-term, buy-and-hold approaches, according to a new study.

Private equity firms are helping with employment growth, according to a new survey by accounting firm McGladrey LLP.

Custom communications services developer R. R. Donnelley & Sons Co. has signed a definitive agreement to acquire Edgar Online, a financial data, analytics and disclosure management services provider, for approximately $70.5 million.

The New York State Society of CPAs has written to the Internal Revenue Service asking for a simplified method of electing deferral of U.S. taxation on Canadian Registered Retirement Savings Plans.

While most people may be concentrating on saving for retirement, putting their kids through college, or buying that second home, they must also take the time to evaluate their risk management portfolio.

The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.

The American Institute of CPAs has written a letter to the leaders of the House Ways and Means Committee and the Senate Finance Committee asking them to amend the Tax Code to allow estates and nongrantor trusts to fully deduct the cost of complying with the fiduciary duties of administering estates and trusts.

Employees are becoming more proactive and less reactive with respect to their finances, particularly with retirement planning, according to a new survey.

Financial matters are the most common source of disagreement among American couples, prompting an average of three arguments per month, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

Apart from financial risk, 66 percent of corporate board members identified reputational risk as their primary concern, according to a survey of 190 board directors by accounting firm EisnerAmper.

Pyrite is a mineral that, unfortunately for some prospectors, was thought to be gold but turned out to be worthless.

A group representing private equity firms is asking the Internal Revenue Service and the Treasury Department to streamline the process for following the requirements Foreign Account Tax Compliance Act and allow them flexibility in case an investor proves to be recalcitrant in providing information.

The Internal Revenue Service and the Treasury Department have decided to delay for a year the proposed effective date for basis reporting by brokers for debt instruments and options.

The Social Security Administration is providing an online version of taxpayers’ Social Security statements.