February 18, 2013Proposition E and the San Francisco gross receipts tax. Proposition E replaces the payroll tax with a gross receipts tax over a 5 year phase-in period beginning in 2014. Hedge Funds are generally exempt from the gross receipts tax. For more information on Proposition E and the San Francisco Gross Receipts Tax contact our tax services team. More
January 24, 20132013-01-24 On January 17, 2013, the Internal Revenue Service (IRS) released long-awaited final regulations on the Foreign Account Tax Compliance Act (FATCA). These regulations reflect the emerging prominence of Intergovernmental Agreements (IGAs) as a means for foreign funds and their investors to become More
June 01, 2012Investment fund tax news including an increase in tax rates and the elimination of one tax bracket. Long-Term capital gains tax rate changes. The top rate for estate and gift taxes will increase. For more information on investment fund tax updates and FATCA contact EisnerAmper's Financial Services team. More
April 30, 2012Views and Opinions of Senior Private Equity Fund Executives in the U.S. The Pulse of Private Equity looks at the amount of time that private equity fund professionals spend on fund activities. Private equity firms' projected activity for new acquisitions is up and their outlook for fundraising is optimistic. This survey is on deal flow, debt financing, venture capital fund activities and more. More
April 11, 2012The Dodd-Frank Wall Street Reform and Consumer Protection Act has resulted in changes to the financial industry. The Dodd-Frank Bill focuses on the provisions affecting the hedge fund industry. The new provision requires funds with assets greater than $150 million to register with the SEC. This article discusses hedge funds and the Dodd-Frank Bill and registration with the SEC. More
November 03, 2011New SEC Reporting Form PF where the SEC requires investment advisors to report information about their private funds to the SEC. Large hedge fund advisors must file Form PF within 60 days of the end of each fiscal quarter. Smaller private fund advisors must file Form PF annually with 120 days of the end of the fiscal year. More
November 01, 2011Due to the financial crisis, many fund managers are now accepting investments from ERISA plans to help boost assets under management. In the past, ERISA plan sponsors would frequently report on Form 5500 that the fund manager had filed a Form 5500 as a Direct Filing Entity. The DOL now has a program to match the reporting on the ERISA plan sponsor’s Form 5500. More
June 23, 2011The Securities and Exchange Commission (the "SEC") announced that it has extended the registration deadline for investment advisors. The new registration requirements applicable to private advisors, including hedge fund and private equity fund advisors, do not become effective until March 30, 2012. Without this extension of time, the registration deadline would have been July 21, 2011. More
June 20, 2011The Exchange - Financial Services, Hedge Funds, Private Equity and Venture Capital issues and strategies. Recent articles from EisnerAmper's Financial Services Group, who provide audit, tax, advisory, and compliance services to hedge funds, private equity funds, broker dealers, banks, insurance companies, investment advisors, commodity brokers, mutual funds and family offices. More
June 02, 2011FIN 48 Issues Confronting Hedge Funds has to do with much of FIN 48 relates to accounting and reserving for uncertainties in income taxes and this has distressing effects for investment funds. Hedge funds and private equity funds are now required to account for uncertainties in their income taxes. EisnerAmper's start-up and established hedge funds advisory services. More