The IRS has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Cryptocurrency industry members have been eagerly awaiting this update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance. The IRS’ 2014...
You may have read about the recent bankruptcy filing of clothing retailer Forever 21. And while this drastic step seemingly came out of the blue, it’s a familiar story. A growing, successful family business failed to heed the sage advice of others or take a...
Ideally, every family business owner should craft a thorough succession plan, vetting it with a knowledgeable legal, accounting and banking team to make sure all the right pieces are in place to assure a smooth transition to the next generation. In reality, however, many business owners...
Recent trade tensions between the United States and its trading partners in Asia and Europe have resulted in the U.S. government enacting import tariffs on a broad list of goods. In a retaliatory measure, a number of these trading partners implemented their own tariffs—adding to...