News & Insights
Restructuring the Family Office to Significantly Increase Assets in the Dynasty Trust
Almost all family offices have a structure that includes ownership of the family office partially through a dynasty trust for efficient estate and gift tax
Basswood Counsel Announces Firm Launch and Addition of Business and Corporate Law Practice
Basswood Counsel, formerly known as Klug Counsel, is pleased to announce its official launch. We are focused on advising clients on complex business transactions, mergers
Foreign Company Acquisition of U.S. Company and Need for Professionals in Each Relevant Jurisdiction
When there is a cross-border merger and acquisition there are additional complexities to plan for, typical acquisition planning in one country may be different than
Be Careful When the Terms of An Acquisition Seem Too Good to be True – They Usually Are
When there is a cross-border merger and acquisition there are additional complexities to plan for, typical acquisition planning in one country may be different than
ERC – Voluntary Disclosure Program Overview (Employee Retention Credit Series)
The ERC was first introduced in March 2020 to help employers retain employees through the Covid-19 pandemic. The IRS has made it a priority to
Employee Retention Credit (Employee Retention Credit Series)
The Employee Retention Credit (“ERC”) was first introduced in March 2020 to help employers retain employees through the Covid-19 pandemic. The Internal Revenue Service (“IRS”)
Beneficial Ownership Information Report
Starting this year, most companies doing business in the US must report information about their beneficial owners (“BOI” or “BOI report”) to the US Department
Target Company: Be Careful in Changing its Tax Status Preacquisition at the Insistence of the Acquiror
Target companies in mergers and acquisitions are often directed by the acquiror to change its tax classification preacquisition for U.S. tax purposes. There are several
Immediate Action to Apply for the ERC – Voluntary Disclosure Program
It is important for employers who made questionable claims for the Employee Retention Credit (“ERC”) to take immediate action to determine whether the ERC Voluntary