The number of Fund Managers choosing to outsource their fund administration continues to grow, with as many as 45% fully or partially outsourcing their administration needs this year (KPMG 2018). Right now, with new Opportunity Zone Funds popular with investors looking to avoid capital gains, those looking to set up new Funds (or even those with existing Funds) should consider … Continue reading
Posted on December 4th, 2018 in Tax.
As we approach the tax season we are starting to get more clarity on the Tax Cut and Jobs Act (TCJA or sometimes referred to as “The Keep CPA’s and Lawyers well employed Act”).  I recently attended an excellent event specifically focused on Private Investment Fund Accounting and Taxes and wanted to share a few key takeaways from that event … Continue reading
Many Fund Managers spend a significant time evaluating both borrowers and market conditions for loan collectability. Changing economic and market conditions make these evaluations even more difficult and despite the best due diligence, some loan repayments fall short. Fund Managers must consider how these losses will impact the investors coming in and out of their offering. Redwood’s sound knowledge of … Continue reading
Posted on October 10th, 2018 in Tax.
In preparation for the 2019 tax season Erica England, Redwood’s Chief Accounting Officer, reached out to Beeta Lecha, Senior Tax Manager at Spiegel Accountancy, to get some tips for ensuring a smooth, stress-free tax season for you and your investors who will be anxious to get their K-1’s as soon as possible. Her article that follows is a great resource … Continue reading
Posted on August 16th, 2018 in Tax.
Erica England, Redwood’s Chief Accounting Officer, recently attended a capital raise and technology webinar where one of the presenters mentioned the Opportunity Zone tax reduction that is part of the Tax Cuts and Jobs Act. This program is replete with new opportunities from which you may benefit. We reached out to our colleague Dustin at Berkowitz Pollack Brant CPA’s, with … Continue reading