Insights
The power of our industry experience is in the perspective we bring to help you leverage your capabilities and resources.
We May Never See a Better Environment for Transferring Wealth … Here’s Why
April 14, 2023In this article, BDO’s Private Client Services professionals explain why 2023 is an ideal year to prioritize your wealth transfer plans.
Final Schedule K-2 and K-3 Instructions Provide Limited Relief for Investment Partnerships
March 2, 2023We are now into the second year of the requirement for most partnerships to file Schedules K-2 and K-3, and the compliance challenges continue.
Year-End 2022: Tax Considerations For Hedge Fund Managers
October 21, 2022As we head towards year-end, there are several tax matters for fund managers to consider.
Carried Interest Taxation Changes Proposed in Inflation Reduction Act of 2022
July 29, 2022Taxpayers should be aware that they may soon lose the advantage of long-term capital gain treatment in respect of carried interest should the Inflation Reduction Act of 2022 (2022 IRA) become law. The deal on a reconciliation package announced on July 27 by Senators Chuck Schumer (D-N.Y.) and Joe Manchin (D-W.Va.) would raise an estimated $739 billion in revenue, of which an estimated $14 billion would come from closing tax-advantaged provisions for carried interests.
Part II - A Checklist Guide: Emerging Fund Managers
June 14, 2022In this co-branded second edition, we will expand on some of the more critical topics addressed in our first piece and also address key business considerations surrounding the initial start-up and business formation phase of the emerging fund manager.
DOL Alert: Proposed Regulation on ESG Investing and Shareholder Rights
June 9, 2022Here, we provide an update on the DOL’s proposed rule and seek to help plan sponsors understand their potential new responsibilities when considering ESG investments.
How the SEC’s Proposed Rules on Fairness Opinions Affect Private Fund Advisers
March 29, 2022In early February, the SEC released new proposed rules that, if implemented, would have an expansive impact on private fund advisers, especially those who operate in the adviser-led secondaries market.
SEC's New Transparency Rules Target Private Fund Advisers
March 10, 2022On Feb. 9, the U.S. Securities and Exchange Commission (SEC) proposed new rules and amendments to the Investment Advisers Act of 1940 directed at private fund advisers.
Potential Impact on Financial Products Taxation if Build Back Better Act Provisions Advance
February 28, 2022The fate of President Biden’s tax and economic agenda, as reflected in the Build Back Better Act (BBBA), is currently unclear.
BDO’s 7 Private Equity Predictions for 2022
February 17, 2022Driven by a fast economic recovery, pent up demand, low interest rates and a race to get deals done ahead of potential tax changes, deal making at the end of 2021 rebounded from pandemic lows and set new records.
The Worst Has Happened: 3 Cybersecurity Tips for Recovering from an Attack
January 18, 2022Try as you might, cyberattacks are impossible to completely prevent. Wealth and asset management firms perform large financial transactions and harbor even larger volumes of sensitive client data and intellectual property, making them uniquely vulnerable to cyberattack. A recent survey reveals that the average financial services firm is the target of 85 data breaches per year.
Crypto Fund Interim Planning– Best Practices for a Successful Year-End Engagement
December 15, 2021For any fund audit/tax relationship, proper project planning and transparent communication throughout the year form the foundation for a successful service experience.
2021 Cryptocurrency Market: Year in Review
November 22, 2021Interest in and adoption of cryptocurrency (“crypto”) has been at an all-time high in 2021. In the past year, there have been a number of new, game-changing developments in the space which we will summarize in this piece. In addition to a market update, we will also highlight the most common audit, tax, and advisory themes that our teams have been discussing with our clients.
How Eligible Brokers-Dealers Can Take Advantage of SEC’s 30-Day Filing Extension
August 18, 2021Firms that meet the criteria should consider taking advantage of the filing extension, which is now in effect. Here are a few details and tips to help broker-dealers understand more about the 30‑day extension.
Treasury's Green Book: Impact on the Asset Management Industry
July 21, 2021On May 28, 2021, the Treasury Department released its General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, commonly referred to as the “Green Book.”
New York Pass‑Through Entity Tax Implications for Asset Management Businesses
July 21, 2021The New York PTE tax election is effective for tax years beginning on or after January 1, 2021.
Early Priorities for The Biden Administration: Areas to Watch
May 19, 2021While there are dozens of policies that will unfold over the next four years, there are several key areas for leaders to watch in the short term and consider for future opportunities and challenges that arise.
2021 Middle Market Digital Transformation Survey
May 18, 2021Our recent survey of 500 C-suite executives provides insight into their digital transformation plans, maturity, threats and opportunities.
A Checklist Guide: Emerging Fund Managers
February 12, 2021While emerging managers of new fund launches are initially consumed with fundraising, a careful consideration of basic checklist items can pay important dividends for years to come.
Demystifying Valuation Methodologies: Part 4 - Contingent Value Considerations
December 15, 2020Earnouts and contingent value rights (both referred to as “contingent value”, “contingent value rights,” or “CVR”) have become increasingly popular instruments to bridge the valuation gap between buyers and sellers, particularly for biotech M&A and even some private equity backed technology transactions.
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