Just in time for the new year — and the new wave of reporting obligations under the Tax Cuts and Jobs Act of 2017 — the Securities and Exchange Commission (SEC) has issued guidance that will give companies some flexibility as they prepare their annual and quarterly financial statements.

Both sellers and buyers have come to realize the benefits of sell-side due diligence, including accelerating time to close, minimizing surprises, identifying and validating adjustments to EBITDA and assisting management throughout the process.

Alvarez & Marsal Taxand, LLC (A&M Taxand), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announces the addition of Houston-based TRCG Advisors, a firm recognized for its tax credit and incentives transaction expertise.

Alvarez & Marsal (A&M) has strengthened its Financial Industry Advisory Services practice with the addition of recognized wealth management expert Mark Graham who joins as Senior Director and will be based in both New York and Philadelphia.

Many restructuring professionals may recall that there was a time when automotive distress — rather than retail and oil and gas bankruptcies — grabbed ABI headlines.

Kudos to the IRS and the SEC for giving us much needed guidance as we emerge from our holiday week. For many of us, the toll charge on deferred foreign income is now a first order of business.

In A&M’s view, the most prudent operating assumption would be that there will be a ‘hard Brexit’, with the UK becoming a third country for financial services, with consequences for both UK-based financial services firms operating in EU27 countries, as well as for EU27 financial services firms wishing to operate in the UK.

Businesses with registered U.K. companies and LLPs are now required to report on payment practices and performance metrics for financial years beginning after 6 April 2017.

Investors are out of love with conglomerates, and understandably so: for outsiders, there is often no logic to the combination of businesses that have been tacked together over time.

Tax reform is roaring, and this isn’t the only thing that needs to be considered for calendar-year-end companies. Just in time for the holidays, the Financial Accounting Standards Board (FASB) has delivered the gift of a new standard for revenue recognition in the form of ACS Topic 606, Revenue from Contracts with Customers, which supplants all previous guidance on accounting for revenue from contracts to provide goods or services to customers.

Current trends in international taxation are focused on the taxation of business income in general, and not on the treatment of gain or loss from acquisitions.

For an organisation to remain competitive in today’s challenging business environment, an optimal balance must be achieved between risk retention, mitigation, and transfer.

As anticipated, on Friday evening the ongoing Conference Committee between the House and Senate came to a close, and their final version of the Tax Cuts and Jobs Act was released to the public. Though the Conference adhered heavily to the Senate version of the act because of the Senate’s narrower majority of Republicans, the Conference made significant compromises in a number of key areas in the bill.

Alvarez & Marsal (A&M) has announced that Neil Tyler and Elmar Hiltner have joined as Senior Directors, within the Global Transaction Advisory Group, based in London and Frankfurt respectively.