A hedge fund, at any point in time, may have realized and/or unrealized capital items. As an open-ended investment vehicle, partners may enter and exit the fund throughout the year. The question then becomes, how are these capital items fairly allocated among the partners? The allocation designed for hedge funds tackles these complex scenarios of partner turnover and capital item generation to smartly track and fairly allocate. The allocation method is called aggregate allocations, which allocates capital items based on each partner’s disparity.

To help you navigate this evolving tax landscape, Andersen has created a resource that breaks down the most significant changes for your business.

The One Big Beautiful Bill Act (2025 Tax Act), signed by President Trump on July 4, 2025, is favorable legislation for the real estate industry.

The OBBBA makes many temporary provisions of the Tax Cuts and Jobs Act of 2017 permanent, which will allow for longer range tax planning.

The One Big Beautiful Bill Act (OBBBA) is a sweeping legislative initiative signed into law by President Trump on July 4, 2025. It focuses heavily on making permanent the tax cuts introduced in the 2017 Tax Cuts and Jobs Act (TCJA) and includes various reforms affecting businesses, individuals, estates, and tax-exempt organizations.

The OBBBA includes significant tax changes impacting individuals, businesses, estates and trusts, and tax-exempt organizations.

On June 4, 2025, the President of the United States, Donald J. Trump, issued a formal proclamation instituting new travel restrictions on the entry of foreign nationals from nineteen specified countries.

Founders are faced with a mountain of decisions to make about their businesses on a daily basis, particularly during the time leading up to an exit event.

The House passed President Trump’s “One, Big, Beautiful Bill” (i.e., the budget reconciliation bill) on May 22, 2025, after raising the SALT cap to $40,000 with a phase out beginning with annual income of $500,000 or more.