Financial Services Insights

KROST Quarterly Magazine: The Financial Services Issue is Now Available!

KROST Quarterly Magazine: The Financial Services Issue is Now Available!

February 16, 2021

We are happy to announce the release of our newest quarterly magazine! The Financial Services Issue highlights some of the hot topics in financial services including Section 1244 claims, the Lender Management, LLC case study, research & development, waterfall calculations, IRC Section 1061, and FinTech trends. What You’ll Find Inside this Issue: Section 1244: Claiming Read the full article…

FinTech Trends to Watch for in 2020

FinTech Trends to Watch for in 2020

October 6, 2019

Wondering what’s in store for FinTech in 2020? M&A and Capital Markets Practice Leader and KROST’s Technology Industry group leader Paren Knadjian offers insight into FinTech trends to watch for in the coming year. “The use of Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) will have the same level of impact Read the full article…

New Capital Gains Treatment for Carried Interests

New Capital Gains Treatment for Carried Interests

September 11, 2019

Carried interests have allowed investment fund managers to be compensated for services with income that qualifies as long-term capital gains, which is taxed at a lower rate than ordinary income. Numerous efforts have been made during the last two decades to cut back or eliminate the favorable tax treatment of carried interests by taxing all Read the full article…

Trader Tax Status: Do You Qualify?

Trader Tax Status: Do You Qualify?

September 4, 2019

Tax staff Randall Poe recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “Trader Tax Status: Do You Qualify?”. WHAT IS TRADER TAX STATUS? Trader tax status is a special set of rules that allow traders to treat trading activity as an ordinary business. Trader status allows taxpayers to Read the full article…

2019 FinTech M&A and Market Report

2019 FinTech M&A and Market Report

August 21, 2019

M&A and Capital Markets Practice Leader Paren Knadjian recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “FinTech M&A and Market Report H1 2019”. The Financial Technology market (FinTech) continues to grow and flourish in 2019 with Venture Capital (VC) aggressively funding start-ups, Private Equity (PE) firms active in Read the full article…

The Qualified Small Business Stock Gain Exclusion

The Qualified Small Business Stock Gain Exclusion

August 14, 2019

Tax Manager Matthew Weber, CPA, MAcc recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “The Qualified Small Business Stock Gain Exclusion”. If you sell stock that has appreciated in value, then you must recognize a taxable capital gain. Sounds straightforward, right? While that may be true most of Read the full article…

Outsourcing Accounting for Family Offices

Outsourcing Accounting for Family Offices

August 7, 2019

Accounting Director Stacey R. Korman, CPA, MST recently published an article for our newest KROST Quarterly Magazine: The Financial Services Issue titled “Outsourcing Accounting for Family Offices”. The existence of the Family Office structure dates back millennia to the Roman Empire, where wealthy households utilized an administrator referred to as the major domus, or Head Read the full article…

Tax Treatment of Cryptocurrency Transactions

Tax Treatment of Cryptocurrency Transactions

February 20, 2018

Many taxpayers realized significant gains from the disposition of cryptocurrencies in 2017, and as tax season approaches, these taxpayers must compile accounting reports, review the latest tax guidance, and determine how to correctly report their transactions to the IRS. Coinbase has a new online tax report: In the summer of 2017, the IRS narrowed its Read the full article…