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Ten Years Later: Securing our City and Country in 2011

In recognition of the ten year anniversary of September 11, MP&S co-sponsored "Ten Years Later: Securing our City and Country in 2011", a breakfast forum held by the New York Observer in July and featuring guest speaker Congressman Peter T. King (R-NY), Chairman of the Homeland Security Committee.

To view the video click here.

NYC Deputy Mayor for Operations Cas Holloway Discusses Opportunities and Challenges for City Operations at Breakfast Forum

Newly-appointed New York City Deputy Mayor for Operations Cas Holloway was the featured speaker at a breakfast forum entitled Operating New York City sponsored in part by Marks Paneth and Shron. The event was moderated by Elizabeth Spiers, Editor-In-Chief of The New York Observer, and Ken Fisher, a member of the law firm of Cozen O’Connor, October 6, 2011 at the 101 Club located at 101 Park Avenue in Manhattan. Mr. Holloway discussed the opportunities and challenges he sees for city operations as he settles into his new role.

Click here to read more.

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Emerging Growth Companies and Entrepreneurs

A Look at Jurisdiction, Jeanne P. Goulet, 2010-08-27

You’ve weighed the entity options for your Start-Up. You now understand the tax differences between corporations and transparent entities and the impact they could ultimately have on your bottom line. You think you have a strong sense of where you want to set-up your legal entity. Or do you?

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An Introduction to the Global Start-Up, Jeanne P. Goulet, 2010-08-06

Start-Ups have been around for a long time. Traditionally, they have been local enterprises run by small business entrepreneurs. Today, however, thanks to the Internet’s global reach, entrepreneurs have the ability to tap networks and establish Start-Up operations all across the world.

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Don't Pay Tax Twice on Each Dollar of Earnings!, Jeanne P. Goulet, 2010-12-15

Many experienced entrepreneurs, investors and business owners who have successfully operated in the past in their local environment are unaware of the tax pitfalls involved in cross-border transactions. It is easy to fall prey to serious missteps and to pay tax to more than one government for the same dollar of earnings.

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For Technology Start-ups, A Road Map Is Essential And It Should Cover Every Stage Of the Journey, Jeanne P. Goulet, Steven Eliach, 2011-01-11

A technology start-up is a complex entity, even if its initial scale is small.

Careful planning is needed to arrive at a roadmap – not just for product development, marketing and sales, but also for a business model that ultimately will result in a great product market fit. The ideal roadmap is one that addresses the financial needs of both the entrepreneur and the business.

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International Tax Planning - An Essential Step For Global Start-Ups, Jeanne P. Goulet, 2011-02-01

The same turbulence that has challenged the global economy has also created pockets of opportunity around the world. Simultaneously, entrepreneurship is at a high, as recent college graduates create their own opportunities, as layoffs at senior levels transform executives into entrepreneurs.

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Location: A Taxing Choice For New Businesses, Solomon Packer, 2009-06-25

Given the raft of issues involved in launching a new business in the U.S., it should come as no surprise that the question of where the new legal entity should be formed is often given short shrift, when it is considered at all.

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Tax Tips for Start-Ups: US Sales and Employment Withholding Obligations, Alyssa Forslund, 2011-09-01

Tax ranks high among the many structural issues a start-up needs to consider. Even tax responsibilities that seem straightforward – such as collecting sales tax and setting up withholding for employees – can be challenging and need to be approached carefully.

See Alyssa's article originally published in The Metropolitan Corporate Counsel September 2011.

Download, 0.21MB

The Road Map of a Start-Up and the Entrepreneur, Jeanne P. Goulet, Steven Eliach, 2011-01-11

A start-up venture is not just about product development, marketing and sales. It is a constant search for a business model that ultimately will result in a great product market fit. During the course of this endeavor, the financial needs of both the entrepreneur and the business can be complex. The financial needs of the entrepreneur and the business model run on two parallel paths and can change substantially over the life cycle of the venture.

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Where in The World is My Business? Taxable Presence and the Global Start-up, Jeanne P. Goulet, 2011-07-26

You are probably comfortable – even energized – by the idea that your business can easily reach beyond geographic boundaries. Thanks to the Internet, even as a start-up, you can do business around the world, selling goods and services, quickly setting up offices to help you penetrate new markets, and moving employee teams into critical locations to put them closer to the marketplace.

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Family Office and Business Management

Wealth Management for High Net Worth Individuals, Daniel Kesner, 2009-11-16

As the financial crisis took hold, high net worth individuals (HNWIs) watched their wealth decline and quickly lost faith in their wealth managers. Many withdrew assets or left their wealth management firms altogether. But as the economy improves, wealth management firms are seeking ways to alter their business models and provide a better service to their increasingly risk-averse clients, who are demanding more transparency on how their fortunes are managed.

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Financial Services

New Requirement For Registered Investment Advisers - July 10th Deadline, Steven L. Berse, 2010-06-25

The US Securities and Exchange Commission (SEC) has amended its custody rule — Rule 206(4)-2 under the Investment Advisers Act — to help safeguard investor assets. Now it’s time for certain SEC-registered investment advisers (RIAs) to start taking steps to facilitate compliance with two major new SEC requirements.

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Nonprofit and Government

A Brave New World for a New Form 990, Michael L. McNee, Robert Lyons, 2008-02-01

On February 29, 2008, Michael McNee and Robert Lyons of the Nonprofit and Government Services Group presented a webinar entitled "A Brave New World for a New Form 990." This event discussed significant IRS changes to Form 990 and what they mean for the industry.

Download, 1.57MB

Charitable Remainder Unitrusts White Paper, Michael Bekas, 2009-01-01

Michael Bekas, partner in the Tax Group, has authored a white paper entitled "Charitable Remainder Unitrusts: A Must-Consider Wealth Maximization Vehicle for Owners of Hard Assets." In light of a favorable estate planning environment due to current low rates and values, the paper explores how when structured properly, Charitable Remainder Unitrusts (CRUTs) can create wealth optimization for clients, their heirs and charities.

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Endowment Accounting under FASB Topic 958-205 (Formerly FSP 117-1) and NYPMIFA, Michael L. McNee, 2011-07-28

A PREAMBLE NYPMIFA calls for: Prudence, donor notification and investment management. As the Beatles said, “Dear Prudence, won’t you come out and play?” Do not mistake NYPMIFA and FASB 958-205 for being the same. Legal issues and accounting issues do not always agree. In legal terms, as it relates to endowments, you can “borrow”, but you can’t “steal”. In accounting terms, you can’t “hide”. EXAMPLES OF ENDOWMENT RESTRICTIONS True endowment with no use restriction-My contribution should be kept intact and the income is to be used for the organization. True endowment with use restriction-same as above except the income from the contribution is to be used for supplies for the organization. Endowment for a term of years-keep the gift intact for 20 years, during which time the income is for supplies and after 20 years, the gift has no restrictions.

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Marks Paneth & Shron LLP Nonprofit Alert, June 2008, Michael L. McNee, Robert Lyons, 2008-06-01

On May 5, 2004 IRS issued Letter Ruling 200435020 in response to a charitable organization’s treatment of certain real estate transactions, credit cards, meals, gasoline, miscellaneous charges and cell phones.

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Marks Paneth & Shron LLP Nonprofit Group Authors Alert on Alternative Investment, Michael L. McNee, Robert Lyons, 2008-08-01

The most recent MP&S Nonprofit and Government Group Alert discusses the tax implications that apply to common alternative investments made by exempt organizations, as well as the reporting requirements and questions organizations should consider before making investment decisions.

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Marks Paneth & Shron LLP Nonprofit Group Authors Alert on Campaign Intervention, Michael L. McNee, Robert Lyons, 2008-09-01

During election years, the Internal Revenue Service takes a keen interest in whether charitable (501(c)(3)) organizations are intervening in political activities. This is particularly relevant in Presidential campaign years. One common characteristic to most charitable organizations is a passion about their respective causes.

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Nonprofit Agendas, April/May 2008

In this issue, some topics discussed include the mission of nonprofit watchdog agencies, procedural standards for setting “reasonable compensation” among nonprofit employees, and the real difference between internal and year-end financial statements.

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Nonprofit Agendas, December 2008

In this issue, some topics discussed include when it is and is not appropriate to accept gift donations, understanding the tax consequences of alternative investments and the importance of directors and officers (D&O) liability insurance.

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Nonprofit Agendas, February 2009

In this issue, some topics discussed include the fundamental differences between fiscal agents and fiscal sponsors and the pros and cons of working with both; understanding how new accounting standards will affect your nonprofit organization and your role in preparing the New Form 990.

Download, 0.09MB

Nonprofit Agendas, February/March 2008

In this issue, some topics discussed include new AICPA auditing standards, the distinction between sponsorship and advertising, how the IRS perceives contractors and employees and simple solutions for small organizational checks and balances.

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Nonprofit Agendas, January 2010

Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the January issue.

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Nonprofit Agendas, January 2012

Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the January issue.

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Nonprofit Agendas, July 2009

Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the July issue.