Closely Held Business Entities
Business owners of pass-through entities understand the importance of planning and managing the taxes of their company, as well as the implications of the flow-through. The professionals at KBF know this as well. We have a dedicated team that remains focused on the complexities that pass-through entities experience. We help business owners address the short-term and long-term considerations of operating a business today while planning for the needs of tomorrow.
Income tax return compliance – The core of a tax preparation practice is to know the latest updates on tax law and apply them to receive the most efficient outcome. Our professionals and clients build long-term relationships. We become intimately familiar with our client’s businesses. This familiarity, combined with our expertise, results in efficient business planning while remaining safely compliant with existing tax law.
International structure/planning and overseas compliance – The professionals at KBF have a long history of serving companies doing business on a global scale. As a company grows beyond its own back yard, things become more complex. Whether it’s intrastate, interstate, or international, we have the tools, experience, and contacts to help our clients operate efficiently today and plan for tomorrow’s growth.
Business tax planning and strategic counsel – Remaining compliant with taxation is essential, but it doesn’t help to grow a business. Our professionals have decades of experience serving closely held business entities. We go beyond tax compliance to help business owners with planning and decisions that help them operate their business efficiently, and plan for future initiatives.
Entity selection and structuring – Not all pass-through entities are the same. Often times, business owners are unsure of the best entity form to select as they move forward. The professionals at KBF know the differences between business entities and help our clients to choose the right entity to meet today’s needs and tomorrow’s goals.
Merger and acquisition assistance – It’s not just a transaction. There are many variables that can affect the value of the deal, and there are even more variables that can affect the net benefit. We help our clients to operate their business in a manner that will enable them to enter a transaction when the opportunity arises. We also help them to structure the deal to maximize the net benefits.
Compensation and benefits planning – Employees are a fundamental component of any business. Sometimes, they are the most critical asset a company has. Like any other asset, attention is needed to retain the value. To avoid losing the best employees, periodic review and adjustments are warranted. The KBF professionals can bring the right tools to the table to help our clients manage this process. It’s just one more way that we help our clients to stay on their planned growth path.
Multi-state tax compliance and planning – It’s incredible to think about all of the different taxing jurisdictions. Without the right tools and knowledge, staying compliant can be near impossible. The professionals at KBF have in-depth knowledge and experience around this topic. We have a long history serving multi-state and multi-national businesses. We help our clients to plan and to operate in such a manner as to remain compliant while minimizing tax exposure.
Sales tax assistance – Unique in many ways, sales tax isn’t something that’s paid for by the company; unless an error was made somewhere along the way. We help our clients to understand the intricacies of sales tax and how it can affect different aspects of their business. The KBF professionals help clients know when and where to collect sales tax, so someone else’s burden doesn’t become an obligation for the company.
Tax controversy assistance – No one ever wants to experience a controversy with a taxing authority. The professionals at KBF help our clients to ensure they plan correctly and operate appropriately to minimize controversies. Should a controversy every come up, our clients find peace knowing that we’re there beside them to resolve any issues.
Research and development credit planning – Thorough tax planning can help a company to remain tax-efficient. An important component of tax planning is an awareness and understanding of tax credit programs. The professionals at KBF often help our clients to identify tax credits they are eligible for but have neglected capture. Guiding our clients through this process is one more way we help our clients to maximize their tax-efficiency.