Overview
Being an art collector, foundation or gallery comes with a unique suite of tax implications. Whether the issue is to mitigate the tax burden of collecting or selling art, or a family is looking to efficiently transfer wealth to future generations, it is critical to work with advisors with a comprehensive knowledge of the tax codes and legislatures governing the art and collectibles world. Under the umbrella of Anchin Private Client, Anchin’s Art Group offers high level, value-added services solving a variety of needs and issues. Our service offering includes:
- Art collectors and investors
- Tax strategies
- Wealth transfer planning
- Asset tracking
- Nexus
- Art galleries
- Financial statement preparation
- Needs assessment and advisor introductions – banking and other specialists
- Specialized accounting requirements
- Artist endowed foundations
- Entity formation
- Governance and board development
- Family participation
- Staffing and foundation management
- Inventory control and monitoring
- Strategy analysis and grant implementation
