Alex Zochert

THE RISE OF ELECTRIC VEHICLES

Convergence of the Industry The automotive industry is experiencing a convergence of disruptions unlike any seen since 1910. Autonomous, connectivity, electrification, mobility, and subscription business models are reshaping the automotive industry and creating a frenzy of activity. There are dozens of self-driving car companies, an untold number of connectivity applications, and over 500 mobility related […]

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IRS ISSUES PROPOSED REGULATIONS THAT REFINE ESTATE AND GIFT TAX ANTI-CLAWBACK RULE

The Treasury Department on April 26, 2022, released proposed regulations limiting the anti-clawback rule previously published on November 26, 2019. The proposed regulations – REG-118913-21 – address certain situations in which an estate could be taxed on gifts made by a donor after 2017 and before a reduction in the basic exclusion amount (BEA), wherein

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A SHARED IMPERATIVE: ESG STRATEGY CAN SUSTAIN THE FAMILY LEGACY

Family enterprises stand to benefit from the same type of environmental, social and governance (ESG) strategies that businesses increasingly are adopting. The policies can help create long-term value, enhance resilience, mitigate risk and improve return on investment. Family enterprises benefit from long-term strategic plans that incorporate ESG to help ensure sustainable wealth transitions across generations

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NFT TAX OVERVIEW: CONSIDERATIONS FOR CREATORS AND INVESTORS

Non-fungible Tokens (NFTs) have exploded in popularity over the last several years, and as investors begin to consider their 2021 tax filings, uncertainty exists with respect to how the Internal Revenue Service (IRS) wants taxpayers to report these transactions. To date, there is limited guidance on the federal taxation of cryptocurrency. In Notice 2014-21, the IRS

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INFLATION IS HERE – WHAT NOW?

Inflation vs. Inflationary Pressure Concerns about the elevated inflationary environment continue to persist. There are numerous contributing factors such as a rapid increase in wages, energy prices and an imbalanced global supply chain with demand vs. supply for many goods and services far from equilibrium. To better understand these factors, it is important to first

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NAVIGATING TRANSITION WITH INTERIM FINANCIAL LEADERSHIP

From the challenges created by the COVID-19 pandemic to the current landscape of a red-hot M&A market, we are seeing many situations that place new demands on the finance function within a diverse range of companies, from cost control and the need for enhanced systems to improved forecasting and risk management. But month-end financial reporting

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EU SUSTAINABILITY REPORTING – COMPARISON OF DRAFT CSRD TO NFRD REQUIREMENTS

The draft Corporate Sustainability Reporting Directive would significantly expand both the scope of the existing NFRD and the requirements for companies, including the need to obtain assurance on disclosed information. Introduction In April 2021, the European Commission proposed a new Corporate Sustainability Reporting Directive (CSRD). The purpose of the CSRD is to revise and strengthen

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THE SUSTAINABILITY EDGE: BUSINESS BENEFITS OF EMBRACING ESG

Corporate sustainability today is grounded in a conscious and conscientious approach to capitalism—a belief system positing that when value is created to share with all stakeholders, more value is generated over the long term. The rise of sustainability as a strategic imperative — and the integration of environmental, social and governance (ESG) factors into decision-making

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Nonprofits Gear Up for Sustained Opportunity in 2022

By Andrea Espinola Wilson and Adam B. Cole 2021 was undoubtedly a challenging year. Between drops in funding, canceled events and programs, the onset of the “Great Resignation” and other hurdles, nonprofit organizations had to reimagine operations and prioritize financial health to sustain mission-driven work. Now, they’re faced with a pivotal moment to turn crisis

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DEPT OF TREASURY RELEASES THE FINAL RULE FOR CORONAVIRUS STATE & LOCAL FISCAL RECOVERY FUNDS

On January 6, 2022, the U.S. Department of the Treasury released the Final Rule for the Coronavirus State and Local Fiscal Recovery Fund (SLFRF), providing increased guidance to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public health emergency. The Final Rule builds on the

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