Taxpayers and their advisors face an uncertain future due to volatile markets, the potential for recession still looming, and increasing interest rates. While this uncertain market presents challenges, it also creates certain wealth planning opportunities.

In a recent Q3 2023 Newsletter article, we outlined how Qualified Small Business Stock (QSBS) can be a powerful tool for certain taxpayers and how proper documentation and technical analysis are important to ensuring that your QSBS position can withstand an IRS challenge.

The economics of college sports changed in a seismic shift on July 1, 2021, when the National Collegiate Athletic Association (NCAA) adopted an interim policy allowing student-athletes to be compensated for the use of their name, image, and likeness (NIL) without impacting their NCAA eligibility. The earnings potential for nearly half a million college athletes changed radically overnight following this policy change. Boosters, supporters, and fans of college athletic programs quickly raced to establish "NIL collectives" to develop, fund, or otherwise facilitate NIL deals for student-athletes.

Andersen Global further expands its platform in Ireland through a Collaboration Agreement with Philip Lee LLP, adding complementary legal services to its existing tax capabilities in the country.

Private trust companies present a unique option for affluent families to utilize as part of their multigenerational wealth strategy.

Andersen Global continues to build its platform in Asia through Collaboration Agreements with two Nepal-based firms, tax firm Four Symmetrons Business Consulting Pvt. Ltd. (FSBC) and law firm Gandhi & Associates. The firms will work together seamlessly to deliver integrated solutions for clients in Nepal and the region as a whole.

Join Andersen's unclaimed property group for a discussion around the top unclaimed property concerns raised by our clients throughout 2023.