The Ledger Collection: October 2016

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New York City’s Hudson Yards and Essex Crossing

Our real estate clients are making headlines, as Manhattan’s West 30s and the Lower East side undergo a facelift – not just a few nips and tucks, but a brand new look. Two mega-projects underway involve developing under-utilized space to expand and transform New York City.

Are Millennials Affecting the Food and Beverage Industry?

What is the great American dream? In the earlier part of the century, most people would have defined it as finding a job, getting married, buying a house, and perhaps having children. Millennials are interesting because it seems that although they want the same things, they are willing to wait longer to get them.

Taxes for the Tax Exempt: What Your Organization Needs to Know

When the average person thinks of nonprofit or charitable organizations, it’s quite likely that one of the first things that come to mind is that these entities are exempt from paying taxes. However, as we’ve mentioned time and time again, not-for-profit organizations are businesses, and as we know businesses pay taxes.

The Complex Universe of Passive Foreign Investment Companies

Commonly held foreign assets include interests in foreign mutual funds and foreign exchange-traded funds (ETFs). Most taxpayers are unaware that such funds are treated differently, and more harshly, than U.S. mutual funds or domestic ETFs.