Eprivateclient

The proverb ‘charity begins at home’has long shaped the way people approach philanthropy. Many donors naturally gravitate towards causes and communities they can see, understand, or engage with on a regular basis. However, as wealthy individuals become increasingly global in their outlook, mobility, and connections, is philanthropy set to follow suit? According to recent research from the Charities Aid Foundation (CAF), most dono...

New research by Deloitte Legal has found that AI adoption in legal departments has moved rapidly from experimentation to active deployment, with corporate legal teams expecting significant automation, greater cost pressure on external advisers, and a reset of the skills needed in the profession. Deloitte’s report - The AI Imperative: Reshaping of the Legal Industry - is based on a survey of 121 senior legal leaders worldwide conducted betw...

Laura Morel, The Orchard Communications in financial services is no longer a supporting function. It is becoming a core commercial capability, shaping how firms grow, compete and build trust in increasingly scrutinised markets. Across Jersey and Guernsey, The Orchard is seeing this decisive shift play out. Firms no longer rely on communications to announce outcomes; they are using it to evidence their value in real time.

Millions of Britons could be making retirement plans based on assumptions about future inheritances without ever discussing the issue with their families, according to new research from Moneybox. The report, Psychology of Retirement, found that 20 percent of UK adults expect to use an inheritance to help fund their retirement, despite having little certainty over what they might receive – or whether they will receive anything at all. T...

Revisions to the double taxation agreement (DTA) between Austria and Switxerland are set to come into force after being approved by the Austrian Council of Ministers. The amending protocol provides for a modernisation of the DTA, which has been in force since 1974, and aligns it with current OECD standards. Key aspects of the revision include the implementation of BEPS minimum standards, changes regarding permanent establishme...

HMRC has released new support materials to help informants report serious tax fraud and avoidance through the Strengthened Reward Scheme. A recorded webinar and short explainer video provide practical guidance on how to report tax wrongdoing and what information HMRC needs. The two-minute YouTube video is a ‘general explainer’ aimed at employees, family members, friends, or acquaintances of high net worth individuals or businesses engaged in susp...

Simon Ridpath Charles Russell Speechlys has opened its first two offices in the US in New York City and Connecticut. The New York City office - the firm's 16th global location and its first in North America - establishes a permanent US presence for Charles Russell Speechlys' private capital practice. The firm is simultaneously opening a practice in New Haven, Connecticut, growing its private client footprint across ...

Accountancy and business advisory firm BDO has appointed Gareth Singleton as regional managing partner for the Midlands. Mr Singleton will oversee the Midlands team of 500 employees across audit, tax, deals, consulting, and risk and outsourcing. Based in the firm's Birmingham and Nottingham offices, he will be responsible for the region's growth and strategy, supported by local partners. Mr Singleton has succeededKyla Bellingall, who will ...

HM Revenue & Customs (HMRC) collected £266 million from capital gains tax (CGT) investigations in the last year, new research from Lubbock Fine has revealed. These figures mark a 46 percent increase from the year before, when HMRC collected £182 million from CGT investigations. Lubbock Fine attributed this rise to the regulator’s decision to target cryptocurrency investors, amateur “day traders”, and individuals who transfer shares or other asse...

JTC has made a series of promotions across its global network, including 45 within its private capital services division. The promotions span the firm's offices in Europe, the US, and the Caribbean. At the senior level, Rebecca Stannard has been promoted to group director within the Jersey-based business development and marketing team. The firm has also promoted Andrew Watson to senior director in fund and corporate services in Londo...