In guidance memorandum NYT-G-17(2)C, issued by New York State on August 2, 2017, impacting tax years prior to 2015, the Department of Taxation & Finance denies customer-based apportionment of receipts for a corporate entity that holds an interest in a single member LLC that is a registered broker-dealer in securities. Corporations pay tax to New […]
The lines between financial services and high technology are becoming increasingly blurred. Four major technological changes will disrupt financial services in the years ahead. At French bank BNP Paribas, chief executive Jean-Laurent Bonnafé is on a mission to build what he calls “the bank of the future”. He is clearly prepared to give his plan […]
Over a decade ago looking at the state banking webpage for my home state of New Jersey, there were approximately 250 banks doing business in the state then. A similar check today would yield a list of less than 150 or so; a more than 40% decline. With banking regulation at an all-time high, the […]
We are pleased to announce an exciting development for the new year! As of January 1, 2017 we have officially changed our name to Mazars USA LLP. As the world’s 11th largest accounting firm, the Mazars name is renowned around the globe. Our new name reflects our expanded international capabilities and reinforces our standing as […]
What is the Good Bank? The Good Bank Initiative is an international effort to define the elements of what makes a good bank – catch highlights of the discussion so far in this informative video.
The New York State Legislature recently passed the 2015-2016 Budget Bill (the “Budget Bill”), provisions which alter New York State and New York City tax law, modify last year’s state corporate income tax reform and provide incentives to purchase a private plane or yacht. New York State Corporate Income Tax The definition of “investment capital” […]