2022 has been an eventful year with spiking inflation, rising interest rates, geopolitical uncertainty, and unnerving market volatility. Yet amidst these uncontrollable events and uncertainty going into 2023, there are still some valuable tax planning considerations and opportunities within your control.
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Environmental, social, and governance (ESG) has become the next frontier in risk mitigation and long-term value creation. While ESG introduces high-stakes responsibilities for the board, it rests on the same overriding principles of traditional governance, including communicating execution of a strategy in alignment with corporate purpose, vision, and values. Forward-thinking boards will lean into ESG and view it is as an opportunity to improve business resilience while contributing to the greater benefit of all stakeholders.
Non-U.S. families establishing succession planning structures rarely think about the U.S. generation-skipping transfer (GST) tax. Nevertheless, when a foreign trust becomes a U.S. domestic trust so that distributions can be made in a tax-efficient manner to the settlor’s U.S. grandchildren and more remote descendants, U.S. trustees or tax return preparers may raise questions about whether those distributions are subject to the GST tax. Advisers to these families should become familiar with the application of the GST tax rules in order to bring clarity to the situation.
A non-U.S. company's classification for U.S. tax purposes is important for Foreign Account Tax Compliance Act (FATCA) compliance and U.S. withholding tax reasons. Advisors to families with succession planning structures that include holding, operating, and other companies should determine the U.S. tax classification for each company in the structure and resulting compliance and tax implications.
Quiet quitting is not new to the workforce, but it is on the rise and is a growing concern for organization leaders. What exactly is a “quiet quitter?" It's an employee who is disengaged, possibly coasting along in their job and doing the bare minimum on a regular basis. Their disengagement may be leading to workplace issues, including lowering the morale of offices and practices. But there are ways to increase engagement and prevent quiet quitting.
Engaged employees perform with passion, enthusiasm, and connection—they are often your star performers who you don’t want to lose. But in today's workforce environment, just 32% of the workforce is considered engaged—the lowest engagement rate in a decade. In this webcast we explore the new data and trends on the state of the workforce, what is causing low engagement, and how to solve the employee engagement and recruiting challenges.
The pace of mergers and acquisitions (M&A) has slowed down since 2021 when the market conditions were better. In this ten minute interview, Spencer Moats and Brian Lucareli discuss the current adverse market conditions and the impact they have on deal volume, the opportunities for buyers and sellers, the trends in the M&A space, and practical advice on weathering the adverse conditions.
Eton Solutions discusses the current trends and challenges happening in the family office.
Minimizing taxes is never easy. But in times of legislative and economic uncertainty, it can be a real challenge. This guide is an overview of some of the key tax provisions higher-income taxpayers need to be aware of. It offers a variety of strategies for minimizing your taxes. Use it to identify the best strategies for your particular situation with your tax advisor, who can also keep you apprised of any new tax law developments that might affect you.
While high inflation, monetary policy tightening, and global recession risks could cloud the first quarter of 2023, the market conditions are expected to improve in the second quarter as inflationary pressures dissipate, particularly in the United States. In this environment, emerging markets (EMs) could be a bright spot for investors. The bear market in EM equities is long in the tooth in terms of time, price, and multiples, and EM debt appears attractively valued.