Preparation and review of quarterly and annual income tax provisions, including:

• Accounting for business combinations or discontinued operations,
• Accounting for uncertain tax positions (FIN 48)
• Current and deferred tax accounting
• Effective tax rate assessment
• Tax footnote disclosure
• Valuation allowance assessment

Planning for tax savings, including:

• Basis determination assistance
• Debt restructuring and interest expense analysis
• Dividend planning for corporations and shareholders
• Earnings and profits (E&P) planning and analysis
• Entity conversion planning including S corporations
• Entity structure/formation – Internal restructuring or flow-through structure planning
• Federal withholding and payroll taxes
• IRS examination and tax audit assistance
• New legislation planning and reporting
• NOL optimization planning
• Stock-based compensation (NSOs, ISOs, ESPPs, RSUs)
• Tax accounting method change
• Tax-free reorganization/formation – planning and reporting
• Tax return calculation and filings
• Transaction cost analysis
• Uniform capitalization (UNICAP) calculation

• Asset versus stock acquisition flux analysis, including step-up basis
• C versus S corporation entity analysis
• High-level cost segregation, fixed asset management and bonus depreciation
• Inventory planning
• LLC/partnership versus corporation entity analysis
• Section 163(j) interest limitation
• Section 174 Research and development (R&D) capitalization planning

Services supported in collaboration with outside vendors:

• Employee Retention Credit (ERC) services
• Energy and investment tax/renewable energy credits
• Entity and stock valuation
• Research and Development (R&D) credit services
• Transfer pricing and management fee analysis

Do you need assistance with analyzing the pros and cons of setting up an entity as an LLC/Partnership or C Corporation? GHJ’s experts provide detailed analysis and strategic advice to help you choose the best entity structure for your business by considering factors such as tax implications, liability and growth potential.

Are you considering acquiring a new business or disposing of an existing entity? GHJ’s Corporate Tax Practice provides in-depth guidance on the tax implications of acquisitions and dispositions, including scenario planning and disclosure advice. GHJ assists with due diligence, structuring the transaction for tax efficiency and navigating complex regulatory requirements to ensure a smooth transition. Whether you are expanding through acquisition or planning an exit strategy, GHJ offers tailored solutions to meet your specific needs and maximize your financial outcomes.

Do you own assets and equipment, including real property and leasehold improvements? GHJ can assist you in providing a detailed description of ownership and the nature of such equipment, ensuring that you accurately report any assets held outside of the U.S.

Do you own copyrights, trademarks, patents or other intellectual property or intangibles? Do you own or license software, including internally developed software? GHJ’s experts will guide you through the intricacies of managing and reporting intellectual property and software assets to maximize their value for your business.

Do you maintain inventory for your business? Whether you are on a “cash” or “accrual” basis of accounting, GHJ assists you in optimizing your inventory management for tax purposes to ensure accurate reporting and maximized deductions.

Managing operating and finance leases can be complex. Are you compliant with ASC 842 standards for lease accounting? GHJ helps you navigate these standards and ensure full compliance and optimal lease management.

Do you have historic net operating losses (NOL) and would like to plan ahead on NOL optimization based on the company’s forecast in the foreseeable future? GHJ’s team specializes in NOL planning and optimization to help you maximize the benefit of your NOLs and align them with your future business strategies.

Engaging in research and development is vital for innovation. Do you have employees and outside contractors engaged in R&D activities and are any of them located outside the U.S.? GHJ can help you manage the tax implications of R&D activities, including compliance with relevant regulations and capitalization planning.

Managing employee compensation and business expenses is a critical aspect of tax planning. When do you typically pay bonuses and vacation for your employees after year-end? When do you pay “ordinary and necessary” business expenses? GHJ ensures that your compensation and expense strategies are tax-efficient and compliant with relevant laws.

Do you issue stock to your employees? GHJ offers comprehensive tax planning and reporting services for various types of stock, including RSUs, ESPPs, NSOs and ISOs to help you manage equity compensation efficiently and compliantly.