STATE TAX PLANNING

We analyzed the vertically integrated business from the harvesting of raw materials to wholesale of finished product. Reviewed the intracompany transactions to analyze the tax implications of operating in a multi-entity structure. Identified inefficiencies that created unnecessary tax liability and proposed structural changes to eliminate tax inefficiencies.  Produced significant savings for the client.

We reviewed the client's intracompany debt structure to identify tax inefficiencies related to the matching of income and expense. The evolution of the client's business operations resulted in the misalignment of the internal debt established to accurately match the income utilized to service the external borrowing. We established a plan to restructure the internal borrowing and a step-plan to achieve the desired result.    

We advised a large financial services firm on the acquisition of a strategic target. We worked with our client to analyze the proposed steps to accomplish the acquisition for state and local tax implications. We subsequently analyzed the most tax efficient way to integrate the business to maximize the tax attributes of the target business.  

We advised a large luxury retailer on the disposition of a loss business line to capture the benefit of the loss to offset profitable business lines. We were able to develop a plan to ensure the assets were utilized quickly and efficiently.