BY ANCHIN'S FINANCIAL SERVICES GROUP - FALL 2024 ISSUE
Welcome to the latest edition of our Filling the Gap newsletter, where we share valuable insights on essential financial and tax matters. In this issue, we discuss the impending expiration of estate tax exemptions and offer best practices to prepare for your fund's upcoming audit. We hope you find these articles insightful and helpful as you navigate the complexities of today’s financial environment.
As you review your accounting and tax strategies, consider whether you’re truly receiving everything you need from your current service provider, or if a specialty advisor like Anchin could fill the gap to cover what’s missing, and take your management and compliance efforts to the next level. To learn more about the topics covered in this newsletter, please contact E. George Teixeira, David Horton or your Anchin Relationship Partner.
Hot Topics:
How to Prepare for the Federal Estate Tax Exemption Sunset in 2025
The Federal Estate Tax Exemption is set to decrease by half on December 31, 2025, making early and strategic estate planning essential to minimize tax liabilities. By utilizing strategies such as gifting, trust structures, life insurance, and valuation discounts, individuals and families can optimize wealth transfers while addressing federal and state tax implications and navigating potential political changes.
Audit Prep for Funds: Key Steps to Ensure Timely and Accurate Financial Reporting
Preparing for an annual audit requires proactive planning, organization, and collaboration to streamline the process and meet critical deadlines. By leveraging best practices, such as understanding documentation requirements, aligning with accounting standards, and maintaining effective financial controls, funds can enhance the accuracy and reliability of their financial reporting for stakeholders.
Please join Anchin's Financial Services group at our NYC office for an economist roundtable on January 9th at 6pm, featuring discussions led by Scott Clemons, Partner and Chief Investment Strategist at Brown Brothers Harriman.
CFOs and Finance Leaders: Join us at Anchin's Executive Forum and Breakfast
Join us on December 4th for an engaging session that will delve into the transformative potential of outsourced finance teams, innovative staffing models, and emerging technologies like AI.
Personalized solutions and senior-level attention for your specialized needs.
As regulatory scrutiny intensifies and risk becomes increasingly difficult to manage, financial services firms are facing more complex challenges. Anchin can provide the guidance needed to steer you down the right path. Our services include ensuring full compliance in financial reporting, minimizing tax exposure, consulting on operations, regulatory registration, systems design, and technology solutions. Our team of experienced specialists take the time to understand your firm’s tax and financial reporting needs to design strategic, growth-oriented solutions.
Our size and culture enable us to offer this full range of services while still providing the personalized attention and accessibility required by our diverse client base. From small, entrepreneurial startups to established funds, Anchin provides high-level, high-touch service to financial services firms. We are the right-sized firm for you - providing maximum value, senior level guidance, specialized insight and superior service.
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