Season 1 Episode 14:

  Watch on YouTube

Chris Klug and Gina Lee explore what it really means for non-U.S. companies to “come to America.” They break down U.S. tax concepts, entity structuring considerations, and common pitfalls that can arise without thoughtful planning.

This episode provides a clear, strategic starting point for foreign businesses entering the U.S. market. 

Listen to Part 2 of the Coming to America series here.

This episode covers:

How a non-U.S. company’s U.S. footprint determines whether U.S. tax applies

When selling goods or services creates effectively connected income (ECI)

The risks of operating through a branch versus forming a U.S. subsidiary

How income tax treaties affect withholding on dividends, interest, and repatriation of profits

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post Coming to America: Structuring Your U.S. Expansion appeared first on Basswood Counsel.

Season 1 Episode 13:

  Watch on YouTube

In this episode of the Under the Basswood Tree podcast, Hazvinei Mugwagwa and Jephte Lanthia reflect on a year marked by significant regulatory change across securities, fintech, and digital assets. They discuss how the U.S. has moved toward a more market-friendly, clarity-driven approach — and what that means for businesses planning ahead. From stablecoin frameworks to the future of tokenization, AI-driven lending risks, and the realities facing minority investors, this conversation offers grounded guidance to help organizations navigate a fast-moving environment with confidence. 

This episode covers:

How the U.S. shifted from regulation by enforcement to clearer, policy-driven frameworks

What leadership changes at the SEC signal for capital markets, IPOs, and enforcement priorities

Why crypto and digital assets are seeing increased clarity through legislation and coordinated agency action

The impact of the GENIUS Act and stablecoin frameworks on market confidence and innovation

The risks of assuming deregulation equals no enforcement—especially for FCPA and compliance obligations

How businesses and investors should stay nimble amid rapid policy shifts and political change

Jephte Lanthia advises on corporate and securities, fintech, and compliance, assisting fund managers with investments, securities offerings, broker-dealer regulation, and industry compliance matters.

Hazvinei approaches deal-making and transactions like soccer, valuing teamwork and achieving success when every participant brings their best effort to deliver optimal outcomes on and off the field.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets appeared first on Basswood Counsel.

Season 1 Episode 12:

  Watch on YouTube

In this special episode of the Under the Basswood Tree Podcast, recorded during Basswood Counsel’s First Anniversary Event on October 28th, Chris Klug and Gina Lee break down the most significant tax changes introduced under the One Big Beautiful Bill Act—and what these updates mean for individuals, families, and businesses.

From expanded deductions and enhanced credits to major improvements in pass-through benefits, R&D expensing, Opportunity Zones, and QSBS, they translate complex reforms into clear, practical insights. Their conversation highlights where new opportunities open up and where thoughtful planning matters most.

Tune in for a strategic, forward-looking overview of tax changes shaping 2025 and the years ahead.

This episode covers:

• The permanent increase of the estate, gift, and GST exemption

• Expanded individual tax benefits, including a higher SALT cap, enhanced credits, and new charitable deductions

• A permanent Qualified Business Income (QBI) deduction with expanded phase-out thresholds

• Restored immediate expensing of domestic R&D costs, with retroactive opportunities for eligible businesses

• Expanded Qualified Small Business Stock (QSBS) benefits, including a higher exclusion and capitalization threshold

• Enhanced Qualified Opportunity Zone rules that improve tax deferral, basis reductions, and long-term growth potential

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act appeared first on Basswood Counsel.

Season 1 Episode 11:

  Watch on YouTube

In this special first-anniversary episode of the Under the Basswood Tree podcast, recorded during Basswood Counsel’s First Anniversary celebration on October 28, 2025, co-founders Meg Charles and Chris Klug reflect on the firm’s founding story and the values that continue to shape its growth. From redefining what true legal partnership means to practicing law with authenticity and care, they share how Basswood was built on collaboration, trust, and purpose. The conversation also highlights how the Basswood ethos—navigating legal complexities with care—guides every client relationship and decision.

Tune in as we celebrate one year of meaningful dialogue, connection, and progress under the Basswood Tree.

This episode covers:

• The symbolism of the Basswood tree as a place for dialogue, justice, and connection

• What “practicing law with soul” means and why alignment matters for clients and advisors

• How the firm approaches complex legal and regulatory change with care and foresight

• Basswood’s focus on community, collaboration, and the next generation of professionals

Meg, a seasoned attorney and strategist, guides tech and telecom companies through legal complexities, leveraging expertise and entrepreneurial spirit to drive innovation and growth in a dynamic landscape.

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth appeared first on Basswood Counsel.

Season 1 Episode 10:

  Watch on YouTube

What happens to your business when it’s time to step away—whether by choice, circumstance, or opportunity?

In this episode of Under the Basswood Tree podcast, Hazvinei Mugwagwa and Chris Klug delve into the essentials of business succession planning and why it should begin long before an exit is on the horizon. They explore how entity structure, estate planning, and tax considerations intersect to shape a smooth transition—whether you’re passing the business to family, selling to key employees, or negotiating with third-party buyers. This conversation highlights how early, integrated planning helps founders and business owners preserve both value and legacy.

Listen now and start planning your business’s next chapter with confidence.

This episode covers:

• What business succession planning really means and why it should start early

• How succession planning intersects with estate planning, tax planning, and M&A preparation

• Key considerations when a business is intended to remain in the family, including readiness and funding

• Common pitfalls in buy-sell agreements, especially when they are unfunded or poorly coordinated

• The role of trusts and holding companies—and why they are not a complete succession plan on their own

• How entity choice (S-corp vs C-corp) and QSBS planning affect long-term exit outcomes

• Planning tools such as dynasty trusts, charitable remainder trusts, and opportunity zones that can preserve wealth across generations

Hazvinei approaches deal-making and transactions like soccer, valuing teamwork and achieving success when every participant brings their best effort to deliver optimal outcomes on and off the field.

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post Succession Planning: Preparing Your Business for What’s Next appeared first on Basswood Counsel.

Season 1 Episode 09:

  Watch on YouTube

Rudo Mugwagwa and compliance professional Abbie McMillan continue their conversation on the fast-evolving world of digital assets, exploring how emerging technologies, shifting investor trends, and new regulatory measures are redefining compliance expectations for financial institutions and investment funds.

In this episode, they explore the next frontier of compliance — the realities of AML in a world where crypto adoption and stablecoins are no longer speculative, but part of the financial system. The conversation dives into how this shift is reshaping compliance expectations for fund managers, institutions, and regulators, as new tools race to catch up to the risks — redefining how illicit activity is traced and prevented.

This episode covers:

How recent regulatory developments, including the GENIUS Act, signal a more structured approach to crypto oversight

Why AML frameworks now explicitly capture digital assets, exchanges, and crypto funds across jurisdictions

Shifts in investor demographics and what that means for suspicious activity reporting

The rise of crypto-enabled scams, including romance fraud and “pig-butchering” schemes

How advances in AI and analytics tools are improving transaction tracing and monitoring

Why crypto compliance remains a cat-and-mouse dynamic as illicit actors adapt quickly

How greater education, regulatory clarity, and tooling are helping institutions gain confidence in crypto exposure

Rudo specializes in corporate practice, focusing on investment funds across offshore and onshore jurisdictions. Her expertise enables her to develop strategies and navigate complex legal matters for clients.

Abbie brings over 17 years of expertise in financial services and digital assets, specializing in the intersection of regulatory compliance, operational integrity, and emerging technology. She has worked across diverse sectors including trust companies, insurance firms, investment funds, VASPs, digital exchanges, and Web3 applications, giving her a uniquely broad and practical perspective on risk management. Abbie has held senior regulatory positions such as AMLCO, MLRO, and DMLRO, where she led complex investigations and developed frameworks to meet FATCA and CRS obligations. She is highly regarded for her ability to translate complex regulations into clear, actionable processes that organizations can implement effectively. Her consulting work focuses on integrating advanced analytical tools with jurisdiction-specific compliance needs, ensuring both technical precision and regulatory alignment. Through this combination of hands-on leadership and technical insight, Abbie has established herself as a trusted authority in compliance for both centralized and decentralized environments.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance appeared first on Basswood Counsel.

Season 1 Episode 08:

  Watch on YouTube

AI is reshaping the way financial institutions approach anti-money laundering (AML) compliance — but with every opportunity comes new risks.

In this episode, Rudo Mugwagwa and compliance professional Abbie McMillan dive into how AI is being applied in the financial sector, from investment funds to digital asset platforms. They examine how emerging technologies are reshaping compliance programs, reveal where AI delivers real value, and explain why overreliance on it could expose institutions to significant risk.

Whether you’re a fund manager, advisor, or business leader, this episode provides timely insights to help financial institutions stay alert to the risks — and prepared to seize the opportunities — that AI brings to AML compliance.

This episode covers:

• How AI is currently being used in AML compliance across financial institutions and investment funds

• Why AI should be treated as a tool, not a replacement, within compliance frameworks

• Real-world examples of AI-enabled transaction monitoring and blockchain analytics

• The risks of overreliance, data quality issues, and “black box” decision-making

• Why human review, governance structures, and training remain critical in AML programs

• Key regulatory and data-protection concerns, including FATF guidance and cross-border considerations

• What compliance teams and boards should be doing now to prepare for wider AI adoption

Rudo specializes in corporate practice, focusing on investment funds across offshore and onshore jurisdictions. Her expertise enables her to develop strategies and navigate complex legal matters for clients.

Abbie brings over 17 years of expertise in financial services and digital assets, specializing in the intersection of regulatory compliance, operational integrity, and emerging technology. She has worked across diverse sectors including trust companies, insurance firms, investment funds, VASPs, digital exchanges, and Web3 applications, giving her a uniquely broad and practical perspective on risk management. Abbie has held senior regulatory positions such as AMLCO, MLRO, and DMLRO, where she led complex investigations and developed frameworks to meet FATCA and CRS obligations. She is highly regarded for her ability to translate complex regulations into clear, actionable processes that organizations can implement effectively. Her consulting work focuses on integrating advanced analytical tools with jurisdiction-specific compliance needs, ensuring both technical precision and regulatory alignment. Through this combination of hands-on leadership and technical insight, Abbie has established herself as a trusted authority in compliance for both centralized and decentralized environments.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post The AI Dilemma in AML: Game-Changer or a Governance Minefield? appeared first on Basswood Counsel.

Season 1 Episode 07:

  Watch on YouTube

Can the U.S. effectively balance innovation with investor protection in crypto?

Jephte Lanthia and Rudo Mugwagwa explore the GENIUS Act, shifting SEC priorities, and the roles of key agencies such as the SEC and CFTC in shaping crypto regulation. They break down what the new rules mean for businesses, investors, and fintech industry.

This episode is a must-listen for investment managers, advisors, fund administrators, business leaders, and investors looking to navigate today’s rapidly evolving digital asset landscape.

This episode covers:

Why the U.S. regulatory approach to crypto is shifting from enforcement-first to framework-driven

How different agencies—including the SEC, CFTC, FinCEN, IRS, and banking regulators—fit into the crypto oversight landscape

What increased regulatory clarity means for planning, product development, and M&A in the crypto space

How leadership changes at the SEC may influence enforcement priorities and guidance

Key considerations for fintech and crypto startups launching new products in the current environment

The growing importance of compliance, disclosure, data protection, and cybersecurity as crypto matures

What recent and proposed legislation signals about the future of stablecoins, innovation, and market confidence

Jephte Lanthia advises on corporate and securities, fintech, and compliance, assisting fund managers with investments, securities offerings, broker-dealer regulation, and industry compliance matters.

Rudo specializes in corporate practice, focusing on investment funds across offshore and onshore jurisdictions. Her expertise enables her to develop strategies and navigate complex legal matters for clients.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership appeared first on Basswood Counsel.

Season 1 Episode 06:

  Watch on YouTube

From expanded deductions and extended rate cuts to new credits and planning strategies, Gina Lee, Renee Tiun, and Chris Klug walk us through what individuals and families need to know under the One Big Beautiful Bill Act (OBBBA).

Tune in for a discussion on the most significant changes—and gain practical insights to help navigate tax planning under the new law.

This episode covers:

• Changes to the Alternative Minimum Tax (AMT) and what higher-income taxpayers should review
• Enhanced and permanent family-focused credits, including child tax credits, dependent care credits, and adoption credits
• Expanded standard deductions and senior deductions, and how “bunching” strategies may help maximize benefits

• Key updates to itemized deductions, including the repeal of prior limitations and permanent removal of miscellaneous deductions

• New planning tools such as Trump Accounts, expanded 529 uses, and ABLE account enhancements

• Significant updates to estate and gift tax exemptions, opportunity zone benefits, and remittance transfer rules

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

Renee, a foreign‑trained attorney and enrolled agent at Basswood Counsel specializes in U.S. domestic and cross border taxation. She brings over a decade of broad legal experience, including eight years working with complex U.S. international tax issues, offering clients a thoughtful, cross‑border perspective grounded in practical experience.

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

The post How the One Big Beautiful Bill Act Affects Individuals appeared first on Basswood Counsel.

Season 1 Episode 05:

  Watch on YouTube

In this episode, Chris Klug and Gina Lee break down how the One Big Beautiful Bill Act (OBBBA) introduces significant changes for U.S. businesses. From expanded business tax deductions to updated compliance rules, they discuss what companies need to know to stay ahead. Tune in for insights on business tax planning under the OBBBA.

This episode covers:

• The return of immediate expensing for domestic R&D, including retroactive opportunities for eligible businesses
• How the Qualified Business Income (QBI) deduction becomes permanent
• Why 100% bonus depreciation and expanded Section 179 limits create meaningful upfront tax savings

• Expanded benefits under Qualified Small Business Stock (QSBS) and how they factor into entity choice and exit planning

• Key changes to information reporting thresholds, reducing compliance burdens for smaller transactions

• The extension and enhancement of Qualified Opportunity Zones, including new benefits for rural investments

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Expanding a U.S. company into Spain involves more than forming an entity. The conversation considers employment costs, VAT, accounting, transfer pricing, and the importance of coordination among U.S. and Spanish

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.

Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits

Estate planning is more than drafting a will – it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and

A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what

The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through

What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true

Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why

As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a

The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI

As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean

OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions,

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning

In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction.

Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations

The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman

AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks,

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