These strategies should be based on a holistic view of the business and its future goals. As a starting point, taxpayers must consider the best use of their assets and facilities, as those items can be the source of tax planning opportunities. A broad range of possibilities exists for opportunistic business restructuring, including changes in tax classification or overall restructuring of legal entities. Changes in business valuation also provide a great opportunity to evaluate succession planning. Finally, we’ll discuss why consideration should be given to the structure and timing of acquisitions — or even exit transactions.
Learning objectives:
- Identify key tax planning opportunities that exist within a current business, from its operations to its overall entity structure.
- Define which longer-term tax strategies your organization could take advantage of to maximize business goals.
- Identify and implement broader tax planning opportunities available for the rest of 2020 and into the future.
Find our full webinar series here:
- Tax strategies for adapting to challenging times
- Maximizing cash flow through COVID-19 tax planning
- Dealing with business debt during challenging times
- Optimizing tax accounting methods in challenging times