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Brazil Senate Endorses OECD Transfer Pricing Guidelines

By Insights

Brazil continues to move forward with the legislative steps needed to align Brazil’s transfer pricing regulatory framework with the Organization for Economic Cooperation and Development’s (OECD). Bennett Thrasher’s transfer pricing practice can help evaluate whether your business will benefit from adopting Brazil’s new transfer pricing rules in 2023 or 2024 and support your transaction when the time is right. Learn more.

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Bennett Thrasher Elects Jeff Call as Managing Partner

By News

Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, is proud to announce the elevation of Jeff Call to Managing Partner. At the forefront of exceptional growth and expansion for Bennett Thrasher, Jeff will lead the firm through evolution in new markets and services to help the firms’ clients continue to succeed and grow.

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Successfully Transition Ownership by Knowing Your Options

By Insights

You’ve started and grown your business, despite all the hurdles you had to overcome. It may be difficult to think about a time when you will transition out of that business; however, succession planning should start at least five years before you want to leave your company. If you put off your exit strategy until you’re ready to get out, you may seriously limit your options, including who you can sell to, the value you will receive and how successful the transition is.

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Tax Proposal Could Bring Sweeping Changes to Estate Planning

By Insights

On Sunday, September 12, 2021, the House Ways and Means Committee released a first draft of proposed tax legislation, including several provisions that could significantly impact the estate planning environment. The new tax plan, part of President Biden and Congressional Democrats’ $3.5 trillion budget and spending package, would increase taxes on the wealthy and potentially curtail the use of certain estate planning techniques. While the legislative process may result in modification or even removal of some of the provisions included in the draft legislation, estate planners should consider taking action now before any changes become effective.

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Is Now the Time to Expatriate? Long-Term Implications of the Biden Tax Reform Plan for High Net Worth Families

By Insights

Over the last few years, American passport holders have been renouncing their citizenship like no other time in history. During the first six months of 2020, almost 6,000 Americans gave up citizenship – a 1210% increase compared to the prior six months, during which only 444 cases were recorded. Before the current pandemic, these numbers had been in decline. This new trend looks to continue into 2021 as many Americans anticipate the impact of President Biden’s proposed tax reform package.

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