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Think Locally, Act Globally:
U.S. Income and Estate Planning for Multinational Families,
Planning With Foreign Entities, and Check-the-Box Elections

Executive Brief

  • Global companies and multinational families must deal with a number of subtleties in the U.S. tax code to minimize their exposure.
  • The "check-the-box" regulations, which allow the company or family to select what type of tax entity it should be considered, can carry significant tax consequences and should be considered carefully.
  • Current and proposed legislation may impact the use and applicability of these regulations going forward.
Think Locally, Act Globally

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SEC Proxy Disclosure Amendments
Improving Transparency Through New Guidance

Executive Brief

On December 16, 2009, the SEC issued a release substantially amending certain corporate governance disclosures. While the release doesn’t mandate any changes, it is squarely aimed at increased transparency of leadership structure at a time when corporate accountability has been squarely on the front page.

The amendments address the areas of compensation disclosures, risk oversight and management, and governance and director nomination.

The amendments took effect on February 28, 2010, for companies with fiscal year end after December 20, 2009, and as such, current proxy filings for calendar year end companies are required to reflect these recent changes.

SEC Proxy Disclosure Amendments

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Stock Options for Life Sciences Companies:
Understanding the Risks, Realizing the Rewards

Executive Brief
  • Stock options have been useful components of employee compensation, but new accounting rules adopted in 2005 can have a significant impact on a company’s financial processes and can result in severe penalties if not implemented properly.
     
  • The key is to ensure that the options are priced accurately, which means the business must be valued accurately, the process for which is different for public companies and privately-held companies.
     
  • FASB will accept several different option pricing models, as long as they meet certain criteria and are appropriate to the interest being valued.
    Stock Options for Life Sciences Companies
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Accounting Considerations for The Life Science Industry
The Unique Challenges Faced by an Emerging Field

Executive Brief
  • Private and public offerings can be structured using Private Investments in Public Equities (PIPEs). The warrants that arise must be valued.
     
  • The primary rules for revenue recognition guidance are found in Staff Accounting Bulletins 101 and 104.
     
  • Tax planning with an accountant is a vital step in navigating a complex tax environment full of potential risks and rewards.
Accounting Considerations for The Life Science Industry
 

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