Although business-related settlement payments (and attorneys’ fees) are generally tax-deductible, the 2017 Tax Cuts and Jobs Act (the Tax Act) restricts an employer’s ability to obtain tax deductions for settlements of sexual harassment and abuse claims that are subject to nondisclosure agreements. This new deduction limitation applies ...
We have the answers
Search Results
The 2017 Tax Cuts and Jobs Act significantly affects the ability of the managers of investment funds to receive long-term capital gains with respect to their carried interest. Under current law, the manager of an investment fund can receive a “profits interest” (also known as a “carried interest” or a “promoted interes...
Three major cyber events in 2017 set new precedents for the scope and impact of damage wrought by cyber-attack in terms of geographic and industry reach, operational disruption, and economic losses, as well as the destruction of market capital and reputation. While the concepts of cybersecurity may be foreign for many executives and board members, ...
The 13th edition of the World Economic Forum's Global Risks Report, undertaken with Marsh & McLennan Companies, examines the evolving macro-level risk landscape and highlights the systematic threats that may disrupt expectations. A more rigorous exploration of potential sources of value destruction, greater strategic agility to match a rapi...
This is a report about people, their financial stress, and possible solutions to relieve that stress. Although the global mass market is used as an example throughout this report, the core messages and approaches apply across all of financial services. Anywhere customers are served, customer value gaps can emerge and better solutions can be crafted...
The Tax Cuts and Jobs Act of 2017 and the recent taxpayer victory in the U.S. Tax Court’s Lender Management, LLC decision have created important planning opportunities for closely held and family-controlled entities in 2018. In particular, with respect to: (1) navigating the elimination of the various deductions and the expansion of “bo...
What will the world look like in 2040 if vital natural resources become scarce? What would stimulate a shift from the current linear “Take-Make-Dispose” consumption model that relies on the availability of abundant natural resources, to a circular economy based on the principle of “Reduce-Reuse-Recycle”? Recent research exam...
At the heart of risk management is a gloomy truth: You can never achieve zero risk. In a world of limited resources there are always tradeoffs to be made: how much to invest here and how much there, how much risk to tolerate and how much to mitigate or insure against. To answer those questions, risk quantification is necessary—to estimate how...
When a family member is diagnosed with a memory disorder like Alzheimer's, it can be confusing and frustrating. With the right preparation and care, family offices and household staff can provide invaluable assistance and information to the families on what to expect and how to cope from the early stages to the end stages of dementia.
Now that the Tax Cuts and Jobs Act is law, it is helpful to have a checklist for determining how tax reform changes your employee benefit programs and a chart outlining the key benefit plan limits for 2018. Also in this issue of HR Focus, we revisit what sexual harassment is and what employers should be doing to prevent it, address it and help prot...
The Tax Reform Act contains sweeping changes and impacts all taxpayers, from individuals to businesses, and the rules for each category are different. Generally, the changes made for individual taxpayers, including the pass-through rules for business entities, are effective from January 1, 2018 to December 31, 2025. If no changes are made by Decemb...
Workplace harassment costs employers millions of dollars every year through poor employee morale, higher absenteeism, reduced productivity and costly settlements and lawsuits. Employers need to create the right culture, supported by appropriate policies and training. With the recent stunning revelations from Hollywood, the Media and Washington have...
The set of factors and circumstances which together produced 2017's robust investment returns might be described as a "Goldilocks" scenario, one in which the positive forces pressing on the global economy and financial markets were warming noticeably, but not so hot already as to prompt dramatic cooling efforts from central bankers. A...
From news out of Washington, to improving global growth and strong corporate profits, a number of factors could shape the markets in 2018, including the impact of the recent Tax Reform Bill may have on your portfolio. Christopher Hyzy, Chief Investment Officer for Bank of America Global Wealth & Investment Management, provides important insight...
The number and scope of women-owned businesses have risen at an unprecedented rate. This historic expansion is due to the efforts of courageous women who have been willing to take the leap and become entrepreneurs. Featuring eight women’s entrepreneurial and diverse journeys, five prevailing themes emerge from their stories and the challenges...