Praestans Global Advisors

Although more complex, accrual accounting is the standard practice for most organizations. By using this method, companies account for both current and expected cash flows, providing a more accurate snapshot of their financial health. Learn about the accrual accounting method—its benefits in recognizing revenue and expenses accurately and timely, as well as its drawbacks and limitations. #Accounting #Finance #BusinessGrowth

Cash basis accounting or the cash method of accounting, is a method of accounting that records income when cash is received and expenses when they are paid. Know its benefits, drawbacks, and potential to provide tax planning opportunities here: ?? #TaxPlanning #Accounting #CashBasisAccounting

?? Under the Basswood Tree Podcast is now LIVE on Spotify and Apple Podcast! ?? ?? Spotify: https://lnkd.in/ejrVNPnN ?? Apple Podcast: https://lnkd.in/ezCF8QeD Our pilot episode features Basswood Counsel Co-Founder Hazvinei Mugwagwa and special guest Jeff Goddard, CAIA, as they offer their insights on AI & Corporate Governance and the role of artificial intelligence in organizational success Subscribe and stay on top of the latest insights, updates, and analysis of important legal developments in corporate and tax.

???Season's Greetings from Basswood Counsel! ???? As the year comes to a close, we want to express our heartfelt gratitude for your continued support. May your celebrations be filled with joy, and may the New Year bring prosperity and success. Please note that our team will be observing the holidays on the following dates: ? December 24 and 25, 2024 ? January 1, 2025 Wishing you warmth and cheer as you celebrate the magic of the holiday season! ??

Cross-border acquisitions usually have additional complexities as the laws of more than one country must be planned for and coordinated.?Typical acquisition planning in one country may be different than in another country.?A structure that is common in one country may significantly change the deal for an acquiror or target in another country. See how we assisted a target company during an M&A transaction, achieving significant savings in the process. ??????

?? Highlights from Basswood Counsel's official launch on October 1, 2024! Basswood Counsel (formerly known as Klug Counsel), marked this milestone with an in-person lunch and a webinar titled “AI Integration in Legal Practice.” The event brought together attorneys, professionals, and entrepreneurs for an engaging and memorable day.

Family offices are highly customized to each family and it is important that their legal and accounting advisors understand how to strategically handle and coordinate the tax, accounting, and compliance requirements of the family office.?Too often, the legal, tax, and accounting professionals are not coordinating which results in missed opportunities and potential penalties.?We have a highly customized team of tax and accounting advisors to structure the family office, handle compliance for tax and accounting, and advise on additional tax planning opportunities. #familytrusts #taxandaccounting

Basswood Counsel Partner and Co-Founder, Christopher Klug attended the recently concluded 2024 Cross Border Tax Workshop by Integra International Ltd in Vienna, Austria. The 2024 Cross Border Tax Workshop examined the challenges and strategies involved in navigating the complexities of tax-neutral jurisdictions. It also offered an in-depth look at the existing measures, both on a country-by-country basis and through the collaborative efforts of international organizations, aimed at addressing concerns related to these jurisdictions.

For many international high-net-worth families, diversifying their asset holdings outside their country of residence is important. Powerful trust laws, tax savings, asset protection, and privacy, along with solutions to political and regulatory concerns, all combine to make the U.S. the trust situs of choice. Read the complete article here: https://lnkd.in/gGVzaF9p

Whether a company grows domestically, or expands into?foreign markets, development that is sustainable becomes a complex undertaking which requires strategic business planning.?Praestans has developed a global network of professionals designed to deliver customized services to our clients, which provides us with a unique ability to guide companies across global markets.?We take the lead in coordinating with professionals in multiple jurisdictions to provide global solutions that achieve optimal outcomes for our clients. To schedule a consult, reach out to our team via this link: https://lnkd.in/ggANceCt