New IRS Tool for Tracking Foreign Accounts
The Internal Revenue Service has a new tool for tracking international accounts.
Doing Business In the Netherlands
Gumbiner Savett recently hosted our BKR International affiliates, Flynth and Molade Trust Management for a seminar about Doing Business in the Netherlands. Clients, guests and Gumbiner Savett practitioners attended the event and discussed how the Netherlands would be an ideal jurisdiction for companies contemplating expansion into the European marketplace. Topics covered included: Considerations for business [...]
Foreign Account Tax Compliance Act (FATCA) Final Rules Released by the U.S. Treasury and IRS
The U.S. Department of the Treasury and the IRS have issued what is expected to be their final significant package of regulations implementing the Foreign Account Tax Compliance Act (FATCA). FATCA requires foreign financial institutions (FFIs) β including foreign banks, brokers, insurance companies and investment funds β to disclose to the IRS certain information about [...]
Private Company Update: Accounting for Goodwill
In mid-January, 2014, the FASB (Financial Accounting Standards Board) issued an ASU (Accounting Standards Update) to U.S. GAAP (Generally Accepted Accounting Principles) that provide private companies with alternatives related to accounting for goodwill. The goal is to create simplification in accounting and a reduction in application cost for private companies. Intangibles-Goodwill and Other relates to [...]
