Tax compliance is a critical part of financial planning.
Many tax departments devote significant resources to preparing filings and meeting deadlines, often leaving little time for planning, or for managing regulatory changes. It’s not that tax departments are short-sighted on matters of compliance; it’s that they are over-worked, and occasionally overwhelmed.
BDO looks at compliance beyond the quarterly requirements – assessing tax strategies within the context of a company’s overall financial goals. We have professionals in virtually every tax area and industry sector, who bring experience, insight, and a collaborative approach to even the most complex tax compliance situations. BDO advises on:
- Compensation planning
- Inventory studies
- Cost segregation
- Choice of entity
- ASC 740 and FIN 48 analysis
- Representation before IRS and other authorities