Decosimo Taking Part In National Hedge Fund Tax And K-1 Boot Camp

Wednesday, January 16, 2013
Karl Jordan
Karl Jordan

Decosimo, an accounting and business advisory firm, will be taking part in hedge fund education targeting hedge fund investors and management teams. Decosimo is providing support as the lead sponsor and Principal Karl J. Jordan, CPA, CGMA, will chair the Hedge Fund Tax 101 and K-1 Boot Camp courses hosted by the Financial Research Associates (FRA) and the Hedge Fund Business Operations Association (HFBOA) Jan. 23-24 at New York City’s Princeton Club. Additionally, Elizabeth Powell, CPA, a tax manager with Decosimo’s Financial Services Group, will be co-presenting “Preparation of Hedge Fund Returns and Disclosures” at the event.

The two-day program will explore topics such as basic tax considerations affecting hedge funds; hedge fund tax allocations; tax consequences of hedge fund structures; taxation of investment transactions and financial instruments; unrelated business taxable income; dissecting the K-1; preparation of hedge fund returns and disclosures; allocation methodologies; contributed stock and stock distributions; state income and state tax withholdings; and impact of foreign income on a K-1.

Karl Jordan is Decosimo’s alternative investment/hedge fund practice leader and also serves as the Director in Charge of the firm’s Cayman Islands office, Moore Stephens Decosimo Cayman Limited. He has extensive experience in providing services to financial institutions, private investment partnerships, alternative investment partnerships, hedge funds, broker/dealers, real estate companies, captive insurance, investment companies, family offices and high-net-worth individuals.

Elizabeth Powell, a Decosimo tax manager, provides quality control review for tax services to investment entities including hedge funds, offshore funds, private equity groups, mezzanine funds and venture capital funds. She specializes in federal, state and local tax compliance preparation and review, as well as partnership consulting regarding transaction/entity structures, partnership/operating agreements, partnership tax allocation and accounting for uncertainty in income taxes.

Through its highly focused conferences and seminars, FRA provides access to timely, cutting-edge information for the nation’s top executives. Decosimo consistently sponsors FRA’s educational conferences and its professionals have led presentations on such topics as tax, valuation for hard-to-value portfolios and due diligence for institutional investors.

HFBOA supports the hedge fund community with timely industry intelligence that is especially unique to mid-sized hedge funds and fund of funds. HFBOA is the only hedge fund association to offer valuable resources to all C-Level functions within a hedge fund. Through articles, educational lectures and summits, frequent webinars, web-links, networking mixers and many other useful services, HFBOA provides useful insight on practical strategies for maintaining a prosperous hedge fund.

 

Elizabeth Powell
Elizabeth Powell

LBMC Technology Solutions Named To Intacct President's Club

LBMC Technology Solutions, LLC, a business software and technology consulting firm, and a member of the LBMC Family of Companies, has been named to Intacct’s 2015 President's Club.   Intacct, a provider of best-in-class cloud ERP software, awards this sales and customer satisfaction award annually to its top-performing channel partners, recognized value added resellers and ... (click for more)

Tennessee July Unemployment Rate Remains Unchanged

County unemployment rates for July 2015, released Thursday, show the rates increased in 53 counties, decreased in 21, and remained the same in 21 counties. Specific county information for July is available here . Davidson County had the state’s lowest major metropolitan rate in July at 4.9 percent, unchanged from June. Knox County was 5.4 percent in July, up from 5.3 the previous ... (click for more)

Hutcheson Medical Center Takes New Cost-Cutting Measures

Hutcheson Medical Center has announced new cost-cutting measures as it tries to stop ongoing losses. A trustee has asked that the Fort Oglethorpe hospital's bankruptcy process be dissolved, saying it has accumulated over $5 million in debt during the 10 months it has been in bankruptcy. The board of directors for Hutcheson Medical Center voted Wednesday evening to suspend ... (click for more)

East Ridge Council Rejects Bids For Road Work For Bass Pro Shop Development

The Bass Pro Shop development at East Ridge has hit another snag as the bids for widening Camp Jordan Parkway came in higher than expected.   Officials said the two bids were $2,597,003 by Talley Construction and $2,670,375 by Brown Brothers. Improvements to Exit 1 of I-75 are due to be bid later.   Vice Mayor Marc Gravitt said the council had ... (click for more)

Vote To Save Graduate Medical Education Funding

As a resident physician at UT College of Medicine Chattanooga, I know first-hand the impact Medicare financing for Graduate Medical Education has on physician education and access to care for patients in our community and communities all over the country.  GME funding provides medical school graduates the opportunity to complete the required years of clinical residency training ... (click for more)

Roy Exum: Quaker Oats & Stuff

Some genius in the Quaker Oats marketing department came up with a novel idea last summer with the theme: “What if you had the chance to do something you have always wanted to do … but you had to start today?” Somehow Michael Hope and his family – that includes three children – got to be interviewed and, when his 10-year-old daughter Lauren was asked, she said she always wanted ... (click for more)