Managers of Wealth Americas

Swiss Banker Admits Helping Hedge Fund Manager Evade US Taxes

The charge carries a maximum sentence of five years in prison, but Manhattan federal prosecutors agreed not to seek a punishment outside of 24-to-30 months.

Tax Considerations for High-Net-Worth Individuals in 2023

Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.

US sales tax rules: a quick guide for European companies

The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.

State lawmakers to consider wealth tax on the richest Californians

The legislation would tax an extra 1.5% on Californians with a worldwide net worth of more than $1 billion starting January 2024.

Tax departments play a key role in corporate ESG strategies

Corporations’ contributions to the communities in which they serve is one of the biggest proactive drivers of a company decision to create and implement an ESG strategy.

Accounting Firm Topel Forman Partners with Avantax for Wealth Management and Financial Planning

Based in Chicago, Topel Forman is a full-service, 120-person public accounting firm whose services include tax, audit and advisory.

Baker Tilly acquires True Partners Consulting

The combination also expands Baker Tilly’s coast-to-coast footprint with locations in Tampa and Atlanta.

J.P. Morgan Asset Management Expands Tax-Smart Platform with the Addition of J.P. Morgan Tax-Managed U.S. - Large Cap Leaders SMA

Strategy is the first from J.P. Morgan to combine active management with portfolio customization, daily tax-loss harvesting, and tax-smart transitions

Offshore Tax Loophole Helps Americans Cheat IRS, Senate Says

The law requires banks around the world to report assets and accounts of US clients to the IRS, but wealthy Americans have figured out a way to sidestep the rule and draw less scrutiny from the banks.

IRS Warns Taxpayers Against Tax Avoidance Strategies

IRS acknowledges that the evolvement of digital technology across the world

Puerto Rico suspends operations of bank amid global probe

Authorities have announced a suspension of the operations of Puerto Rico-based Euro Pacific International Bank, which officials previously said was under suspicion of facilitating money laundering and offshore tax evasion

Accounting platform Autobooks bags $50m in Series C round

Among its partners are established software vendors such as Alkami, Bottomline and FIS.

Approximately 1 in 4 American Expats Consider Giving Up Citizenship Mainly Due to Taxation: Survey

Around a third of the respondents said they would never consider abandoning their U.S. citizenship.

Significant audit and corporate governance reform on the horizon

The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.

GeoWealth Enhances its Enterprise Technology Platform by Integrating 55ip’s Tax-Smart Portfolio Implementation Capabilities

Ongoing tax-loss harvesting and tax management capabilities are critical to advisors seeking to grow their business

Tax