Andersen Global enters a Collaboration Agreement with Maj Consulting, reinforcing its capabilities in East Central Africa as the organization continues its expansion in the region.

Despite the recent volatility and uncertainties surrounding cryptocurrency such as Bitcoin, it continues to gain worldwide attention. The draw of cryptocurrency includes simplifying international currency exchanges, reducing transaction fees, and providing a means for the instant transfer of funds.

As the war between Russia and Ukraine rages on, the conflict continues to cause widespread disruption to global supply chains and increased inflationary pressure. Along with this disruption, the war is also generating important tax implications for both individuals and businesses. A few of the tax issues that have arisen in connection with the Russia-Ukraine war include tax losses, overseas charitable giving, and workforce global mobility.

The Tax Cuts and Jobs Act of 2017 (TCJA) resulted in significant changes to the treatment of research and experimental (R&E) expenditures under Internal Revenue Code Sec. 174 that will require substantial work for many companies to implement during 2022. While it was known that a change was coming, many taxpayers continued to hope that the mandatory capitalization would be repealed or postponed.

Partnership interests (and interests in LLCs taxed as partnerships) are capital assets. Gain from the sale of capital assets is capital gain, which for individuals is taxed at preferential rates. Therefore, gain from the sale of a partnership interest must be taxed to individuals at the preferential rates applicable to capital gain. Although seemingly straightforward, there are exceptions. A partnership interest is a capital asset, except when it is not.

Andersen Global establishes tax and legal capabilities in New Zealand through Collaboration Agreements with two Auckland-based firms – law firm Turner Hopkins, and tax and advisory firm Bellingham Wallace. The firms maintain deep connections in the region and will play a pivotal role in driving business and delivering integrated, global solutions to create long-term value for clients.

<p>Andersen Global further unifies its platform in the Middle East as Ramallah-based law firm Sharp and Beyond, a collaborating firm since 2020, adopts the Andersen brand.</p>

<p>Andersen Global announces Bahrain-based Awael, a collaborating firm since 2019, is now a Member Firm of the association, and the latest firm to adopt the Andersen brand, further enhancing the global organization's presence in the Middle East to meet the growing demand for seamless solutions in the region.</p>