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If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points. https://bit.ly/4cQcbYH

Partnerships can require complex tax accounting and rule application. Check out this slideshow highlighting just a few of these issues! ➡️

Tax governance sets the stage for a smooth business sale, providing the transparency and assurance buyers need to move forward with confidence. Interesting read from Steve Haywood, where he explores how this critical aspect influences successful transactions: https://lnkd.in/edriXJWi #TaxGovernance #Business #CorporateFinance

A C corporation, or “C Corp,” is a type of business formation that’s recognized under the United States federal law. It is governed by the Internal Revenue Cord. This form of business is one of the oldest and most formal structures. C Corporations are treated under Subchapter C of the IRC, and that’s why they are known as “C” Corporations. In this blog, we will take a detailed look at the features of C Corp, it’s advantages, limitations and how these business structures are taxed - https://lnkd.in/dFPvDtTD #scorp #ccorporation #business #businessformation #tax #taxplanning #taxation #taxationservices #outsourcedbookkeeping #outsourcedaccounting #outsourcing #accounting #accountingservices #bookkeeping #bookkeepingservices #offshoreaccounting #offshorestaffing #remotestaffing #costoptimization #cpa #ea #crownglobe

A C corporation, or “C Corp,” is a type of business formation that’s recognized under the United States federal law. It is governed by the Internal Revenue Cord. This form of business is one of the oldest and most formal structures. C Corporations are treated under Subchapter C of the IRC, and that’s why they are known as “C” Corporations. In this blog, we will take a detailed look at the features of C Corp, it’s advantages, limitations and how these business structures are taxed - https://lnkd.in/d-EQYB-e #scorp #ccorporation #business #businessformation #tax #taxplanning #taxation #taxationservices #outsourcedbookkeeping #outsourcedaccounting #outsourcing #accounting #accountingservices #bookkeeping #bookkeepingservices #offshoreaccounting #offshorestaffing #remotestaffing #costoptimization #cpa #ea #crownglobe

Why Perform Tax Due Diligence 💥💥💥   Good morning LinkedIn Pals, Today let us talk about #tax due diligence and why it is a must for potential #investors when evaluating proposed Merger and Acquisition (M&A) deals. In a typical M&A deal, investors are concerned about potential tax exposures that can increase the #transaction costs and the inherent tax risks that may arise post-transaction. An acquirer in a #mergersandacquisitions deal should perform tax #duediligence to uncover potential additional transaction costs and post-transaction tax #risks. This is usually done alongside financial, legal, human resource, operational, environmental, and business due diligence.   Specifically, tax due diligence covers the review and ascertainment of the tax compliance status of the target company i.e. #compliance with tax obligations for registration, filing, and remittance of applicable taxes such as companies’ income tax, tertiary education tax, value added tax, withholding tax, capital gains tax, and employee-related taxes and deductions. It also involves the confirmation of the outstanding tax liabilities, tax penalties, unresolved tax audit or investigation exercises, and tax #incentives or benefits available to the #target company.   If significant tax issues or potential tax risks are discovered during the due diligence process, the acquirer would usually request that necessary considerations be included in the share transfer agreement, especially if the uncovered issues are not deal-breakers. In practice, the acquirer would request that the seller make appropriate tax representations and guarantees/warranties to cover the identified tax risk before closing the #deal. Should you require further guidance or support to carry out a tax due diligence on a potential target, feel free to reach out to us at PrimoTax. If you find this insightful, please like, comment, and share it with your connection so they can benefit from it.  #tax #taxation #mergersandacquisitions #duediligence #deals #finance #accounting

If your business is creating a partnership agreement or LLC operating agreement, it should include tax-related specifications. Here are some key points. https://hubs.la/Q02MKKs-0

Confused about which entity structure to use for your acquisition? Our recommendation: Don't overcomplicate it. And, work with your attorney AND accountant together to combine the best of legal protection and tax advantages. Sometimes attorneys recommend an airtight legal structure that ends up being a huge compliance burden with multiple company returns, intercompany transactions, and unnecessary complexity on the tax and accounting side. (It's exponentially more expensive too. We'd rather work with a simpler configuration and put those extra dollars into tax and finance strategy to power your business growth.) Need help with your acquisition structure? We've got you. https://lnkd.in/eBMvCx4N #smallbusiness #entity #tax #accounting #bookkeeping #M&A

From August 1, 2024: Does an individual renting a house have to establish a company? Starting August 1, 2024, the Law on Real Estate Business 2023 will come into effect. One of the provisions that has garnered significant attention and caused concern among landlords is the requirement for individuals engaged in real estate business to establish a company. #tpm #tpmtaxagency #rentinghouse https://lnkd.in/ge7PPCbt

Growing your business with a new partner: Here are some tax considerations: There are several financial and legal implications when adding a new partner to a partnership. Here's an example to illustrate: You and your partners are planning to admit a new partner. The new partner will acquire a one-third interest in the partnership by making a cash contribution to the business. Assume that your basis in […] https://bit.ly/3QB7XvR