Global companies are changing their operating models to meet increasingly complex demands on their businesses. Too often companies struggle with how to effectively adapt their demand planning operations as these models evolve. If not done right, it can lead to unclear and inaccurate forecasting, ultimately putting the long-term viability of the business at risk.

As shown by the results of Alvarez & Marsal’s recent survey of public company change in control agreements (“golden parachutes”), the reaction to the heavy criticism leveled at such agreements over the last decade has been to continue the trend towards either eliminating them or reducing the amount payable under them, often substantially.

It has been 17 years since the United Stationers’ case fundamentally changed the government’s view on the research tax credit and created a new standard known as the “discovery test” (United Stationers, Inc. v. U.S., 163 F3d 440 (1998)).

Foreign tax credits (FTCs) aim to alleviate double taxation by providing a dollar-for-dollar reduction of U.S. tax liability. U.S. multinationals rely on FTCs to reduce cash tax, improve their effective tax rate and optimize earnings per share. They can be highly valuable tax attributes.

For the second consecutive year, A&M received Global M&A Network’s highest honor, the Turnaround Atlas Award for Global Turnaround Consulting Firm of the Year. A&M also was awarded the following Turnaround Atlas Awards: Healthcare Services Turnaround of the Year for its work with Rural/Metro Corporation; Cross Border Restructuring of the Year for our work with Central European Distribution Corporation; and Pre-Packaged Restructuring of the Year – Middle Markets for its work with Education Holdings.

The passive activity loss rules of Section 469 of the Internal Revenue Code limit the losses that an individual, trust, estate, closely held C corporation, or a personal service corporation can recognize from trade or business activities in which the taxpayer does not “materially participate.”

The following fact-based analysis, which contains nearly 200 identified references, is a must-read for every
concerned U.S. citizen. Alvarez & Marsal’s Healthcare Industry Group analyzed the $2.6 trillion healthcare
sector to better understand the potential impact of the PPACA. This analysis takes a convergent view across
the healthcare industry spectrum, incorporating multiple vantage points; from clinical medicine to hospital
system C-suites and employers; from the finance community to public policy leaders.

Frank Underwood likely would appreciate that as tax advisors, we are often called upon to fight chaos with chaos. Chaos, of course, describing the present state of our tax system. One particularly chaotic area is determining what constitutes “reasonable compensation” for U.S. federal income tax purposes, particularly with respect to closely-held corporations.

The last couple of years have seen positive changes mainly in the form of additional tax allowances to encourage investment in both offshore UK Continental Shelf (UKCS) exploration and onshore exploration for unconventional hydrocarbons (e.g., shale gas)

Alvarez & Marsal Asset Management Services, LLC is an independent affiliate of Alvarez & Marsal Holdings, a global professional services firm with a 30-year track record of maximizing asset value in connection with scores of business transformations. A&M's announcement follows decades of successful asset management assignments, including A&M’s oversight of the historic wind-down of Lehman Brothers Holdings Inc. – a precedent-setting case in which A&M successfully managed and maximized the value of commercial real estate, residential mortgages, private equity and principal investments, corporate loans, derivatives and other long-term distressed and illiquid assets.

In light of the impending global war for corporate tax revenue, this article outlines an audit strategy based on the Eight Rules of Air Combat written for fighter pilots in World War I and applies four of those rules to help companies prepare for tax audits in order to favorably resolve tax controversies.

For many companies, it happens every three to four years like clockwork — you receive a questionnaire or letter with those infamous words "you have been selected for a sales and use tax audit.

It’s a tale as old as time itself: Buyer meets seller. Buyer falls in love with seller’s business. Buyer proposes to seller.

Restaurants continue to be attractive targets for investors and strategic acquirers as many eateries offer appealing ways to deploy capital and diversify. In fact, there were 132 announced restaurant transactions in 2013; and activity remained strong throughout the first quarter of 2014 with 31 announced restaurant transactions, according to S&P Capital IQ. However, savvy investors must understand the unique accounting considerations associated with restaurants, and carefully include operational improvement and other initiatives into any investment thesis.