Our April Briefing Note will cover a variety of topics, including:

1. Upcoming A&M Taxand Webinar: Virtual Asset Manager Roundtable;
2. Key Highlights from UK Budget on 3 March 2021;
3. Key Highlights from UK ‘Tax Day’ on 23 March 2021;
4. HMRC Enquiries into the Tax Treatment of Carried Interest; and
5. Employee vs. Partner: Tax Status Changes.

The pandemic is prompting serious questions about managing costs and spending, especially in the healthcare sector where economic logic of patient care is changing. Investors and management teams must seek to preserve margins by focusing on operations improvements. Our experts define and demonstrate, through actionable insights, how you can unlock potentially the most significant value driver in the healthcare sector

The medical technology and medical devices sector boasts many small businesses and a few very large businesses. ‘MedTech’ is unusual for its lack of mid-size companies that are so common in other industries. This void in the market, combined with the macro-economic impacts of the COVID-19 recession, present a unique opportunity for large corporates and private equity (PE) firms to find common ground with carve-outs. Here, we discuss how PE ownership can re-energize these businesses, looking at the issue from the perspectives of the corporation, the business unit itself, and the PE funds.

For many years, the Cayman Islands, Guernsey, and Jersey have been the jurisdictions of choice for U.S. investment fund managers organizing feeder vehicles or investment funds for making offshore investments, including into the European Union (EU). However, the previously overlooked jurisdiction of Scotland is rising in prominence in the marketplace due to the global focus on environment, social and corporate governance (ESG);  the Organisation for Economic Co-operation and Development’s (OECD’s) Base Erosion and Profit Shifting project; and the European Commission’s Anti-Tax Avoidance Package, which included the Cayman Islands on its “tax haven blacklist” until October 2020. This alert highlights the potential benefits of often-overlooked Scottish limited partnerships (SLP).

A look at the current outsourcing advisory landscape.

In our latest Tax Advisory Weekly, we explore the Check-the-Box election.

How have executive orders impacted supply chains, and what can we expect as more will be issued moving forward?

Executing a transformation is a team effort and requires the buy-in of the whole organisation, particularly in the C-suite. While the Chief Executive Officer (CEO) is accountable to deliver the transformation ultimately, the rest of the executive team play vital supporting roles. Following on from our article on the CEO’s role in the first 100 days of a transformation, here we will examine the responsibilities of the Chief Financial Officer (CFO), who typically will need to adopt multiple hats – Communicator, Conductor and Collaborator – as a transformation is executed.

Following the end of the tax year 2020/21, employers that have awarded carried interest and co-investment entitlements to employees including directors and salaried members should consider whether they need to report these on their Employment Related Securities return.

Alvarez & Marsal’s '2020 / 2021 Oil and Gas Oilfield Services Compensation Report' was featured in Equilar's C-Suite Magazine.

Traditional approaches to performance improvement have tended to focus on EBITDA improvement or cashflow improvement as separate challenges that can be addressed by separate teams and are owned by separate functions. Sales are responsible for growing revenue; procurement is responsible for lowering cost; operations are responsible for inventory; and finance and shared service centers are responsible for cash. However, we believe that integrating these approaches is critical for Aerospace & Defense industry organizations. Those with a unified capital management strategy will not only weather the current turbulence but emerge as market leaders in the post-COVID-19 world.

The Indian textile (fabrics, apparel, home furnishings) industry is one of the nation’s oldest and employs the second largest workforce after agriculture. As a result, India has the advantage of having the entire value chain within the country and has easy access to raw materials, in addition to cheap and skilled labor. However, it still lags its peers (Vietnam and China) in terms of productivity and cost-effectiveness.

Tax data analytics and visualization can help tax departments address these tax requirements and present tax executives and stakeholders with opportunities to leverage in-depth insight into their data to make strategic tax planning decisions.

Global M&A activity is rebounding, with announced transaction volumes for the 4th quarter of 2020 exceeding 2019 levels. What does this mean for buyers and sellers as they continue to navigate this “new normal”? Learn more in the 2nd of our 4-part series, Your Next Deal Will Be Different.

Learn more about Finance Transformation and how it can drive savings.