As the number of millionaires in the world grows, so does the available targets for fraudsters, said the owners of a firm that focuses on assisting high-net-worth clients and family offices.
Ken Eyler, CEO of Aquilance, will chair a panel discussion with Jason James of Regents & Park, and Joe Andrews of RosettiStar, both top thought leaders in the security, investigation, and protection space, who will recommend best practices to safeguard wealthy families from security risks.
Wealthy Americans, who were girding for the biggest set of tax increases in three decades just a year ago, now look mostly safe from higher levies for years to come.
The tax deal in the Senate would eliminate the tax break used by private equity and hedge fund managers.
Excel has been a mainstay for those in the financial profession for decades now. Since its release in 1985, and the introduction of competing applications such as Google Sheets; spreadsheets have come to serve as essential and powerful analytical tools. They are widely available, inexpensive, and can be quickly customized and made to work across a variety of situations.
New IRS rules mean high-net-worth clients may not be properly accounting for Social Security or workers comp when paying their domestic help—especially if they use certain payment methods.
New IRS rules require reporting income for some transactions of just $600 or more, down from a much higher previous threshold. Wealthy clients who routinely pay domestic help and other workers could get tripped up in tax reporting.
A new law that requires cash apps and online marketplaces including Venmo and eBay to send tax documents to millions of Americans is ensnaring a surprising demographic: the wealthy.
If you offer bill-pay services to clients, or are thinking about it as a value-add, read on.
Growing wealth is one thing. Preserving and passing it down to the next generation while confidently knowing it will be maintained is something else entirely.