Kimberly Ravenell, tax partner, was recognized for her commitment to client service and mentorship. With more than 30 years of experience advising high-net-worth individuals and closely held businesses, she provides tax planning and compliance guidance. Kim has played a key role in guiding her team and clients through significant industry and regulatory changes while supporting…
Law firms generate and manage an enormous volume of information over the life of every client matter. As those records accumulate across systems, effective legal records management becomes more complex. Most firms assume those records are under control until they’re asked to produce them during litigation, respond to a cybersecurity incident or prepare for AI-powered…
Running a vacation ownership resort involves far more than managing reservations and maintaining the property. Behind the scenes, accounting teams must process owner assessments, pay vendors, fund reserves, track capital projects, and prepare financial information for boards, owners, and auditors. As these responsibilities become increasingly complex, many vacation ownership resorts and management companies are choosing…
The One Big Beautiful Bill Act (OBBBA) introduced a new limitation on itemized deductions under IRC §68 that could have significant implications for Distributable Net Income (DNI) planning, trust distribution deductions and fiduciary income tax planning. Although the provision is new, its potential application to trusts and estates raises questions regarding how certain distribution deductions…
The enactment of IRC §530A created a new savings vehicle for children known as a Trump Account. Beginning July 4, 2026, beneficiaries, parents, relatives, and other individuals may contribute up to $5,000 annually in the aggregate to a Trump Account, excluding certain statutory exempt contributions. While many taxpayers may assume these contributions receive the same…
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