Stay informed to ensure you only pay what’s necessary and keep more money in your pocket. Let our expert CPAs guide you through claiming specialized tax credits that your current tax advisor might be missing. Delivering tax services, insights and guidance on US tax policy, tax reform, legislation, registration and tax law.
- PwC works with companies to structure capital expenditures
(i.e. acquisitions, new construction, and renovations) in a manner that qualifies the resulting property as replacement property in a like-kind exchange (LKE). - We offer our clients a global perspective on their R&D activities, their current claims, and their incentives opportunities worldwide.
- Beyond tax planning and compliance there are as many tax-minimization opportunities for CPA firms and businesses as there are unique situations.
- These services are tailored to meet the unique needs of organizations with complex tax situations.
- We are seeking a motivated and tech-savvy Digital Media and Marketing Intern to join our team.
We address compliance and identify planning opportunities across international, federal, state and local jurisdictions to create a total tax strategy. While the long-term goal is a comprehensive, integrated tax posture, it is accomplished through realistic short-term objectives and actionable insights. This technology enabled service offering helps clients maintain consistent reporting for federal and state income tax reporting and has additional benefits related to property tax maintenance and tax basis balance sheet support.
Companies should regularly evaluate their accounting methods for tax purposes, identify planning opportunities and exposure items at the earliest possible time, and take corrective action. Through analysis of several categories of items, including timing of income and deductions, cost capitalization issues and other accounting method issues, companies can evaluate their ability to utilize, change to, or adopt advantageous accounting methods. Organizations today are tasked with navigating an increasingly complex tax landscape in a constantly transforming global environment. In a world where every business decision has a tax implication, an effective tax department sits at the nexus of external tax forces and internal business strategy. When the tax function operates effectively, there is a significant impact on the bottom line, improved risk mitigation and accelerated business transformation and growth.
For additional information please access our frequently asked questions or your online account. Sightline is a tax platform that makes the entire tax process more collaborative and insightful. On call for big-picture planning strategies to day-to-day tax filing requirements. Examples in real estate include Cost Segregation studies, 1031 Exchange, Opportunity Zones, and 45L.
BDO is the brand name for the BDO network and for each of the BDO Member Firms. BDO USA, P.C., a Virginia professional corporation, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO has been our tax firm for many years and we have built a very close working relationship. PwC works with companies to structure capital expenditures
(i.e. acquisitions, new construction, and renovations) in a manner that qualifies the resulting property as replacement property in a like-kind exchange (LKE). Did you know you can access your 2023 Year-End Tax Statements through your online account? Forms were mailed in late January and may take up to 10 business days for delivery.
Tax Services
We are seeking a motivated and entrepreneurial specialized tax services Sales Intern to join our team. As a Specialized Tax Services Sales Intern, you will generate new business and educate business owners about our specialized tax services. The primary focus will be to identify businesses that are eligible for tax credits and to pursue a relationship with these businesses. The ideal candidate is a self-starter with strong communication skills, a collaborative mindset, and a passion for sales. The complexity of calculating depreciation, coupled with tax law changes, merger and acquisition activity, and ERP system and cloud migrations has increased the need for companies to have a clear strategy around the management of fixed asset tax reporting. PwC works with companies to analyze the methods used to determine the timing of income and expense recognition (e.g., revenue, deductions, cost capitalization and recovery, inventory, leases) and identify beneficial accounting methods based on the client’s specific facts and desired tax objectives.
Tax optimization should be factored into every business initiative, as well as day-to-day operations. Very few complex organizations have visibility into their total tax posture. BDO’s strategic tax advisors approach every client with a total tax mindset – helping businesses and organizations assess the tax implications of business decisions to understand their total tax footprint.
Fixed Asset Services
Pandemic Related Laws include helping businesses take advantage of the ERC and navigating how the Paycheck Protection Program (PPP) grant will apply. We are seeking a motivated and tech-savvy Digital Media and Marketing Intern to join our team. In this role, you will be responsible for a broad range of marketing duties for a small professional services company. The perfect candidate for this position is someone who is proactive, has excellent communication skills, and possesses an entrepreneurial mindset. PwC’s Specialized Tax Services Transaction Services practice can analyze proposed transactions to identify tax-saving opportunities or unexpected tax risk with the use of proprietary technology and proven methodology. Corporate transaction activity continues to increase and is one of the quickest paths to growth – but is also loaded with uncertainty and hidden risk.
Companies with significant equity activity may unknowingly experience ownership changes. Real-time access to your data and reports is available when you need it. We provide our interns with the tools, resources, and support they need to succeed, including ongoing training, development programs, and flexible work arrangements. An accurate calculation of stock basis (SB) and earnings and profits (E&P) is an essential element in making informed decisions for companies involved in structural change (e.g., disposition, merger, liquidation, spin-off or extraordinary distribution). This webcast examines the ins and outs of direct payment and transfer of many of the clean energy credits extended or enacted by the Inflation Reduction Act of 2022. Check out the replay as our panel of specialists discuss issues related to financing clean energy projects.
PwC works with companies to leverage technology in the labor intensive process of maintaining tax basis reconciliations as well as assist companies with remediation of variances in the cumulative tax basis balance sheet. The benefits of having accurate https://turbo-tax.org/ E&P calculation include timely tax information to aid in business decisions, reduce financial risk and tax exposure, and a reduced likelihood of unexpected tax consequences. Dedicated team proactively identifies tax planning opportunities and remedies.
Specialized Tax Services (STS), credits and studies
PwC assists companies to apply complex Section 263A (UNICAP) regulations by analyzing the methodologies used to capitalize required costs. Section 263A applies to all property produced (i.e. inventory and self-constructed assets) and/or held for resale by a taxpayer and, while complex, the regulations provide flexibility in the capitalization methods used which can align to a company’s overall tax objectives. If you are a college student or professional passionate about digital marketing, social media, or business development, we invite you to explore our internship programs and join the BAY team. Our internship programs are designed to provide an immersive six-week program that will give you the skills and experience you need to succeed in your future career.
Before determining an M&A strategy, dealmakers should employ transaction tax analysis. In the current environment, retailers may benefit from using the GAAP inventory shrinkage method as their tax method to increase the estimated amount of inventory shrinkage included in cost of goods sold and reduce taxable income. Many R&D incentives have been offered all over the world to accelerate innovation, but it can be difficult to manage it all. That’s our expertise, and that’s why we pair our incentives services with the Global Incentives Solutions platform. Companies with NOL carryforwards should be aware that Section 382 limits a corporation’s ability to use its tax NOLs following an “ownership change.” Section 382 applies to all corporations with NOLs and/or tax credit carryforwards.
Explore our services
PwC works with companies to initially classify new fixed assets and update historical fixed asset classifications as well as remediate the effects of under- or over-depreciated assets. PwC also can help companies with fixed asset planning related to certain international-focused tax provisions. BDO’s NTO provides guidance across the firm on complex matters involving a broad range of complex technical tax areas. It supports client engagement teams in servicing your unique needs for compliance, technology, tax planning and strategy, and more. Beyond tax planning and compliance there are as many tax-minimization opportunities for CPA firms and businesses as there are unique situations. These powerful opportunities may be missed if a firm or business doesn’t want to or can’t invest time and resources in these often-complex techniques and ever-changing regulations.
