PKF O’Connor Davies’ Alan Kufeld Publishes “Year-End Tax Planning Considerations for Investment Fund Management Companies and Their Principals”

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Article explores commonly overlooked personal income and estate tax planning opportunities

PKF O’Connor Davies, LLP, one of the nation’s fastest growing accounting and advisory firms, today announced the release of an article titled “Year-End Tax Planning Considerations for Investment Fund Management Companies and Their Principals.” Written by Partner Alan S. Kufeld and co-authored by Partner Tom Riggs, the article outlines personal income and estate tax planning opportunities that are often overlooked by time-constrained hedge fund and private equity principals and executives. It is available on the Insights section of the PKF O’Connor Davies website.

“Given the increasing demands hedge fund and private equity principals and executives face from raising capital and managing portfolios to dealing with regulators, personal income and estate tax planning opportunities can often go overlooked,” said Kufeld. “With this article, our goal is to make those issues a bit more top of mind and help management companies and principals uncover value where they might not be looking for it.”

In this piece, Kufeld offers fund management companies and their principals valuable and actionable insights on a number of year-end tax issues including:

  • Tax impact of the current fund structure
  • Tax impact of the current management company structure
  • Carried interest
  • Section 457A: Income recognition of manager’s deferred compensation
  • Tandem subchapter S/ESOP liquidity
  • Section 179 and bonus depreciation
  • Retirement plans
  • Charitable contributions and NYC UBT tax
  • State income tax planning and the AMT
  • Gifting

Kufeld brings deep expertise in accounting, tax planning and specialized strategies in areas including closing funds and launching family offices. Kufeld’s expertise in complex tax issues at all stages of the life cycle of management companies has made him a widely recognized thought leader in the financial services industry. Riggs leads the Firm’s Financial Services Tax group, working to maximize tax efficiencies for hedge funds, hedge fund managers and other industry executives.

About PKF O’Connor Davies, LLP

PKF O’Connor Davies, LLP is a full service Certified Public Accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 10 offices in New York, New Jersey, Connecticut and Maryland, and more than 600 professionals, led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.

PKF O’Connor Davies is ranked number 26 in Accounting Today’s 2016 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” PKF O’Connor Davies is ranked number 29 in INSIDE Public Accounting’s 2015 “Top 100 Firms” list and recognized as one of the “Top Ten Fastest-Growing Firms." In 2016, PKF O'Connor Davies was named one of Vault's Accounting 50, a ranking of the 50 best accounting employers to work for in North America, and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 11th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and was named the 10th top accounting firm in New Jersey according to NJBiz’s 2016 rankings.

By consistently delivering proactive, thorough and efficient service, PKF O'Connor Davies has built long-lasting, valuable relationships with its clients. Partners are intimately involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.

PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting and business advisory services in 440 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit

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