WDC & Associates provide tax structuring services to assist you in determining a tax efficient structure in which to operate your business. Frequently, such services are performed prior to the consummation of a transaction and involve identifying the appropriate business entity. Tax structuring services often include analysis of the tax implications of asset versus stock purchase structures. We will also consider state and foreign tax issues when we assist you with structuring.
If a new organization is going to be the result of a sale, both buyers and sellers can incur significant transaction costs, both internal and external, when completing a transaction. The proper tax accounting for these costs is a complex area of the law and frequently a source of controversy with the IRS. We can help you manage risk in this area as well as maximize the tax benefits that may be available as a result of the transaction.
We will also consider the impact on the future utilization of net operating losses and other tax attributes, such as tax credits. We can help you evaluate this impact both before and after a transaction and apprise you of various strategies to maximize the value of these tax attributes.
A number of employment tax issues can arise from the creation of a new entity or an acquisition many of which can significantly impact your federal and state employment tax liability and exposure. These items include classification of workers as independent contractors versus employees, treatment of stock options, business and travel expenses and state unemployment tax implications of a transaction. We can help you minimize these costs and exposures as well as navigate the employment tax filing and reporting issues that arise post-transaction.