2025 Australian Federal Budget Summary On Tuesday, March...
In our 13th installment of the Family Office...
2024 Australian Federal Budget Summary On Tuesday 14th...
Form 1120 Instructions
More than an annual requirement, Form 1120 serves as the IRS-mandated record of your company’s financial activity—summarizing the income, gains, deductions, and other... Read more
What Is a Family Office and Why Do You Need One?
Managing significant wealth across different asset classes, jurisdictions, and generations comes with a unique set of challenges. For families with diverse holdings—investment portfolios,... Read more
Private Family Office
A private family office is a dedicated advisory firm established and operated solely for a single wealthy family to manage their financial affairs,... Read more
What Is a Single Family Office? Managing Wealth Effectively
As wealth grows in scale, management becomes more complex, which requires more sophisticated approaches. Traditional financial services often involve coordinating with multiple third... Read more
Tax Preparation for Business
Tax preparation for a business involves the organized process of gathering, reviewing, and filing financial information to meet local, regional, and national tax... Read more
LLC Tax Classification
A Limited Liability Company, or LLC, is a popular business structure that combines the liability protections of a corporation with the tax flexibility... Read more
2025 Australian Federal Budget Summary
2025 Australian Federal Budget Summary On Tuesday, March 25, Treasurer Jim Chalmers delivered the Australian Government’s 2025-2026 Budget, marking a return to deficit... Read more
Asset Management vs Wealth Management
Understanding financial services can be challenging, especially when differentiating between asset management and wealth management—both essential components of personal finance. While both aim... Read more
What is Wealth Management
Wealth management is a comprehensive financial service aimed at helping individuals and families achieve their financial goals and secure their financial future. It... Read more
Corporate Tax USA
Corporate taxation in the United States is a complex system that encompasses federal, state, and local taxes, as well as numerous regulations and... Read more
Quality of Financial Reporting
A. Quality Spectrum of Financial Reports The quality spectrum of financial reports ranges from low-quality to high-quality disclosures, reflecting varying levels of accuracy,... Read more
What is the Objective of Financial Reporting?
The primary objective of financial statements and financial reporting is to provide useful information to various stakeholders so they can make informed decisions... Read more
The Primary Objective of Financial Reporting is to Provide Information
A. What is Financial Reporting? Financial reporting is the process of preparing and presenting financial information about an organization to various stakeholders.... Read more
International Financial Reporting Standards
International Financial Reporting Standards (IFRS) are a globally recognized set of accounting standards developed by the International Accounting Standards Board (IASB). These standards... Read more
Are Advisory Fees Tax Deductible
Determining whether advisory fees are tax deductible is an important consideration for investors seeking to manage their finances efficiently. Advisory fees, which are... Read more
Family Office Vlog Series: Ep. 13 – Family Office Real Estate
In our 13th installment of the Family Office Vlog Series, Peter Harper, Managing Director and Head of Advisory, provides an insightful analysis of... Read more
2024 Australian Federal Budget Summary
2024 Australian Federal Budget Summary On Tuesday 14th May, Treasurer Jim Chalmers delivered a budget surplus of $9.3 billion for the current fiscal... Read more
Single Member Limited Liability Company
A single-member Limited Liability Company (LLC) is a well-favored business structure that combines the flexibility of a sole proprietorship with the limited liability... Read more
Wealth Management
Wealth management is a comprehensive financial service for affluent individuals or families, aiming to optimize their financial well-being. Let's explore its definition, strategies,... Read more
Financial Reporting
When operating a multi-family office, one of the most important yet overlooked areas is financial reporting. But what is it, exactly? Why is... Read more
Family Office Vlog Series: Ep. 12 – Family Office Wealth Management
In our 12th episode of the Family Office Vlog Series, Asena CEO Peter Harper comments on how wealth management plays a central and... Read more
Family Office Vlog Series: Ep. 11 – Family Office Financial Services
Asena CEO Peter Harper comments on how family offices are established to assist global family offices with the allocation of capital in our... Read more
Family Office Real Estate
Family Office Real Estate In the world of high-net-worth individuals and affluent families, the intersection of finance and real estate is a dynamic... Read more
Family Office Vlog Series: Ep. 10 – Family Office Fee Structures
In our 10th episode of the Family Office Vlog Series, Asena CEO Peter Harper comments on the relevancy of fee structures in both... Read more
Family Office Wealth Management
Family Office Wealth Management Wealth management is integral to family office services, helping wealthy families achieve their financial goals, preserve wealth across generations,... Read more
Family Office Vlog Series: Ep. 9 – Virtual Family Office
In our 9th episode of the Family Office Vlog Series, Asena CEO Peter Harper focuses on the phenomenon of a virtual family office.... Read more
Family Office Financial Services
Family Office Financial Services Family office financial services are pivotal in managing affluent families' and high-net-worth individuals' wealth and financial affairs. With a... Read more
Family Office Fee Structure
Family Office Fee Structure A family office is a private advisory firm that serves ultra-high-net-worth individuals and families. It provides a range of... Read more
Family Office Services
Family Office Services We have prepared a number of articles dealing with family offices and the services they provide to the high-net-worth individuals... Read more
Virtual Family Office
Virtual Family Office The concept of a family office has been around for many years. Traditionally, family offices have been reserved for the... Read more
Family Office Vlog Series: Ep. 8 – Family Office vs. Hedge Fund
In our 8th episode of the Family Office Vlog Series, Asena CEO Peter Harper will elaborate on our most recent blog post: Family... Read more
Family Office vs. Hedge Fund
Family Office vs Hedge Fund In the realm of wealth management and investment strategies, two prominent vehicles often utilized by high-net-worth individuals and... Read more
Family Office Vlog Series: Ep. 7 – Family Office Investment Strategy – Do You Have One?
In our 7th episode of the Family Office Vlog Series, Asena CEO Peter Harper focuses on the topic of Family Office Investment Strategies.... Read more
Family Office Minimum Net Worth
Family Office Minimum Net Worth Setting up a family office typically requires a significant level of wealth. While there is no universally defined... Read more
Family Office Investment Strategy
Family Office Investment Strategy Family offices play a crucial role in managing the wealth and investments of high-net-worth individuals and families. As the... Read more
Family Office Vlog Series: Ep. 6 – Family Office Direct Investing
Find out more about Family Office Direct Investing in our sixth episode of the Family Office Vlog Series with Asena CEO Peter Harper.... Read more
The 3 Pillars Podcast: Brain Habits – The Science of Subconscious Success
In our latest episode of the 3 Pillars Podcast: Wealth Management Series, host Peter Harper and special guest author Phillip Campbell discuss Brain... Read more
Family Office Direct Investing
Family Office Direct Investing Being a multi-family office ecosystem, the topic of direct investing is one that is crucial to our clients and,... Read more
Australian Federal Budget Summary 2023-24
Australian Federal Budget Summary 2023-24 On Tuesday, 9th of May, Treasurer Jim Chalmers delivered a budget surplus of $4.2 billion while at the... Read more
Family Office Vlog Series: Ep. 5 – Family Office Private Equity
In our fifth episode of the Family Office Vlog Series, Asena CEO Peter Harper talks about the cross-section of Family Offices and Private... Read more
Family Office Private Equity
Family Office Private Equity Private Equity has been riding a wave of unprecedented performance in the last ten years and as a result... Read more
Family Office Vlog Series: Ep. 4 – Family Office Investment Management
In our fourth episode of the Family Office Vlog Series, Asena CEO Peter Harper explains the difference between family office investment management and... Read more
Family Office Investment Management
Family Office Investment Management Family office investment management is different from traditional wealth management as it offers a total solution to managing the... Read more
Chaos Creates Opportunity – Focus on Execution
A great deal has been made of the failure of Silicon Valley Bank and Signature Bank over the last few days. The President... Read more
Family Office Vlog Series: Ep. 3 – Setting Up A Family Office
Learn more about the steps to consider when setting up a family office in our third episode of the Family Office Vlog Series... Read more
Setting Up a Family Office
Setting Up a Family Office Many wealthy families with investable assets exceeding $100 million find themselves asking the question if a family office... Read more
Family Office Vlog Series: Ep. 2 – What is a Multi-Family Office?
Learn why family clients are looking to start a multi-family office in our second episode of the Family Office Vlog Series with Asena... Read more
Family Office Vlog Series: Ep. 1 – Intro to Family Offices
In the premiere episode of our new Family Office Vlog Series, Peter Harper (CEO and Managing Director) will introduce us into what a... Read more
Family Office Structure
Family Office Structure After covering business entities and formations such as LLCs and C corporations, let's look into the growing industry of family... Read more
Generational Skip Trust
Generational Skip Trust With previous discussions of estate planning and grantor trust, let's examine another common practice within financial planning: generation-skipping trust. What... Read more
U.S. Expats in Australia Taxes
U.S. Expats in Australia Taxes Whether you're a U.S. citizen or a green card holder living in Australia, you need to be aware... Read more
Happy Holidays from Asena Family Office
[video width="940" height="788" mp4="http://asenaadvisors.com/wp-content/uploads/2022/12/Happy-Holidays-from-Asena-Family-Office-2022-2.mp4"][/video] To our amazing clients... Our team would love to thank you all for another fantastic year. It has been... Read more
Multi-Member LLC
Multi-Member LLC In our previous articles, we have discussed the single-member LLC and the advantages and disadvantages of owning and operating such an... Read more
Happy Thanksgiving Weekend from Asena Family Office
Wishing you a happy, safe, and healthy holiday season from the Team at Asena! Our office will be closed Thursday, November 24th, and... Read more
#IndiaU.S.TaxTreaty Ep. 2: Article 4 – Residence
We have heard "a dollar saved is a dollar earned," and given the current economic environment, my readers have a few common questions... Read more
International Estate Planning
A short time ago, we had touched on the common pitfalls and necessary strategies a high-ultra networth individual residing in the United States... Read more
Peter Harper on US Tax – American Kleptocracy
Asena Advisors is proud to present an episode of US Tax, the podcast for Australian accountants with US clients. CEO Peter Harper dives... Read more
#IndiaU.S.TaxSeries Ep. 1: What are Tax Treaties?
This refreshing entry of the #AsenaTaxBlog series on tax treaties focuses on the US and India tax treaty framework. The first blog presents... Read more
Entity Classification Election
Entity Classification Election Following our previous discussion about entity changes with check-the-box regulations, let’s go into another process that entrepreneurs and executives are... Read more
Check-The-Box Regulations
Check-The-Box Regulations Also known as the Regulations, the Check-The-Box regulations (CTB) is a classification process that allows an entity, if they so choose... Read more
How to Avoid the Net Investment Income Tax
How to Avoid the Net Investment Income Tax Ever since the net investment income tax, or NIIT, was introduced by the IRS, taxpayers... Read more
Sole Proprietorship vs LLC
Sole Proprietorship Vs. LLC: What's The Difference? It is most likely for individuals and small business owners to structure their businesses as either... Read more
Grantor vs Trustee
Grantor vs. Trustee When dealing with a grantor trust, given the legal, tax, and financial implications, it is essential to have a clear... Read more
Estate Planning For Ultra High Net Worth
A common process that any person will need to prepare for is estate planning. Covering the transfer of assets after your passing, this... Read more
Convert LLC to C Corp
Can You Convert An LLC To A Corporation? Yes, you can convert your Limited Liability Company (LLC) to a corporation. However, understanding the... Read more
Peter Harper on Tax Talks: US – AU Tax Questions (Ep. 357)
In the final installment of our collaboration with TaxTalks, the number-one podcast for Accountants, CEO Peter Harper breaks down the six most common... Read more
Peter Harper on Tax Talks: Expansion Into the US (Ep. 356)
Peter Harper's second installment on the popular podcast, TaxTalks discusses what you need to know when expanding into the US. The United States... Read more
Single Member LLC Taxes
Quite possibly, the most common business structure is the limited liability company or LLC. Business owners love the flexibility, low cost, and ease... Read more
Intentionally Defective Grantor Trust
Deliberate estate planning is a pivotal aspect of the continuous growth of your family office for generations to come. If your existing wealth... Read more
Peter Harper on Tax Talks: US Public and Private Markets (Ep. 355)
We are proud to present an episode of TaxTalks, the leading podcast for Accountants, featuring the CEO of Asena Family Office - Peter... Read more
Foreign Personal Holding Company Income
Foreign Personal Holding Company Income This blog addresses the foreign personal holding company income which is a complex topic for taxpayers that requires... Read more
Video: US-India Cross Border and Global Taxation Webinar with LCR Capital
We hosted a webinar with LCR Capital Partners on July 14th to discuss cross-border diversification and tax implications for the modern Indian expatriate. ... Read more
What is a Single Member LLC
What is a Single Member LLC? A Single-Member Limited Liability Company is a style of entity classification that has one owner (member) who... Read more
US-AU DTA: Article 18 – Pensions, Annuities, Alimony and Child Support
Background The background of this week's blog is a bit different from the previous ones due to the unique nature of the topic.... Read more
5471 Schedule M
What Is Schedule M Form 5471 This schedule is different from many of the Form 5471 Schedules that are required for the different categories... Read more
US-AU DTA: Article 17 – Entertainers
INTRODUCTION In this week’s blog we will be discussing Article 17 of the US/Australia DTA which relates to entertainers and how they are... Read more
US-AU DTA: Article 16 – Limitation of Benefits
INTRODUCTION In this week’s blog we will be discussing the technical Limitation of Benefits (LoB) Article (Article 16) of the US/Australia DTA. Article... Read more
Foreign Base Company Services Income
Introduction The most common type of Subpart F income is referred to as Foreign Base Company Income. This category includes 4 subcategories in... Read more
US-AU DTA: Article 15 – Dependent Personal Services
INTRODUCTION In this week’s blog we will be discussing the tax implication of rendering dependent personal services as stipulated in Article 15 of... Read more
Can You Change a Single Member LLC to a Multi Member LLC?
What Is an LLC? A Limited Liability Company (LLC) which is a commonly used organizational structure for small businesses and startups. This is mainly... Read more
US-AU DTA: Article 14 – Independent Personal Services
INTRODUCTION In this week’s blog we will be discussing the tax implication of rendering Independent Personal Services as stipulated in Article 14 of... Read more
US-AU DTA: Article 13 – Alienation of Property
INTRODUCTION When it comes to the alienation of property, it is usually standard practice to give the taxing rights to the state which,... Read more
US-AU DTA: Article 12 – Royalties
INTRODUCTION This week we will be taking a closer look at how royalties are dealt with in terms of the US/AUS DTA. Royalties... Read more
US-AU DTA: Article 11 – Interest
INTRODUCTION This week we will be taking a closer look at how interest is dealt with in terms of the US/AUS DTA. Interest... Read more
US-AU DTA: Article 10 – Dividends
INTRODUCTION For purposes of this week’s blog, it will be beneficial just to recap on the purpose of a DTA. The major purpose... Read more
US-AU DTA: Article 9 – Associate Enterprises
BACKGROUND This week, we will have a closer look at Article 9 of the US/AUS DTA. Article 9 of the DTA incorporates into... Read more
US-AU DTA: Article 8 – Shipping and Air Transport
INTRODUCTION This week, we will be discussing an Article in the US/AUS DTA which is generally not as relevant to individuals as other... Read more
US-AU DTA: Article 7 – Business Profits
INTRODUCTION Covid has changed the way business is done globally. Two of the most common changes are - Remote working (Employee sitting in... Read more
Owning Private Aviation with Shelley Svoren
One of the first episodes in the Wealth Management Series talked about how you could begin your journey of investing in private aviation.... Read more
Investing in Rare Diamonds with Anna Cisecki
Diamonds are a beautiful part of anyone's investment portfolio. They come in all shapes and sizes, but not all jewels are valued the... Read more
US-AU DTA: Article 6 – Income from Real Property
INTRODUCTION Almost everyone dreams of one day owning their own holiday home, which they can use switch off and relax. For those dreamers... Read more
Investing in Italian Real Estate with Monia di Guilmi
Italy is a phenomenal country and in this week's episode of the Wealth Management Series, our host Peter Harper and special guest Monia... Read more
US-AU DTA: Article 5 – Permanent Establishment
GENERAL BACKGROUND In the unprecedented COVID-19 environment the temporary displacement of employees has given rise to many concerns from employers that it may... Read more
Rare Book Collecting with Pom Harrington
In the third episode of the Wealth Management Podcast, our host Peter Harper and collector Pom Harrington discuss the wonderful world of rare... Read more
US-AU DTA: Article 4 – Residence
GENERAL BACKGROUND In this week’s blog, we will be discussing Article 4 of the DTA (Residence), with a specific focus on its applicability... Read more