A holistic approach to tax strategy.

Given the complexities of domestic and global tax regimes, seemingly small changes in strategic approach can have far-reaching consequences to a company or individual’s various tax liabilities.

Total tax liability is both a calculation and a concept: it is the sum amount of all taxes owed at a given point in time, while factoring in credits, incentives and deductions at the international, federal, state and local levels. At the same time, it is a shift in mindset that is enabled by transformation.

As tax dynamics continue to grow in complexity and the digital economy increases transparency, the strategic role of the tax executive becomes more apparent.  Examining total tax liability and modeling the various business impacts is a necessity for companies and individuals to survive and thrive during periods of intense change.

 
 

Featured Insights

Strategic Tax Planning
IRS Extends More Retirement Plan Amendment Deadlines
October 10, 2022
The IRS announced on September 26, 2022, that it would extend the deadline for amending...
Strategic Tax Planning
Federal Student Loan Debt Relief
August 29, 2022
President Joe Biden on August 24, 2022, announced federal student loan debt relief that is likely...
Strategic Tax Planning
IRS Extends Retirement Plan Amendment Deadlines
August 11, 2022
The IRS on August 3 announced it would extend by three years the deadline for amending retirement...
Strategic Tax Planning
Tax Losses: How a Market Downturn Can Work for You
August 08, 2022
Staying the course and sticking to your financial plan in a bear market can be challenging.
Strategic Tax Planning
When Interest Rates Rise, Optimizing Tax Accounting Methods Can Drive Cash Savings
June 27, 2022
Adopting or changing income tax accounting methods can provide taxpayers opportunities for timing...
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Events, Webinars & Social

Webinar
November 09, 2020
Get insights for businesses regarding important year-end tax planning strategies relevant to...
Webinar
November 09, 2020
The tax convergence will have a lasting impact on private equity. This webinar covers the...
Webinar
March 30, 2020
The CARES Act is intended to provide relief and recovery to businesses and individuals.
Blog Post
March 05, 2019
Lack of clarity around the tax treatment of Qualified Improvement Property (QIP) under the Tax...
Blog Post
January 17, 2019
Do you know all the ways the Supreme Court’s decision in South Dakota v. Wayfair could impact...

2022 Tax Outlook Survey

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Contacts

Matthew Becker
Matthew Becker National Managing Partner of Tax 616-802-3413
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Importance of Total Tax Liability and Global Planning

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Tax Transformation Guide


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Events

February 28, 2023
Illinois has completely overhauled its unclaimed property statutes and regulations including changes to reporting requirements, elimination of B2B exemptions and formalizing extrapolation techniques.