Investment Fund Management: Partnering with TaxOps

by | Jan 20, 2025 | ASC 740, Events, Federal Tax, State and Local, Tax Minimization, Tax News | 0 comments

TaxOps seasoned teams partner with fund managers and their portfolio companies to deliver tailored business tax strategies that have the potential to enhance returns and streamline tax compliance.

At TaxOps, tax is all we do. Our teams have the expertise, capacity and focus to solve tax problems with practical answers. By hiring our Big Four-veteran leaders and experienced teams, you gain tax strategists who support your fund strategy. We deliver the strength, experience, and resources of a national tax brand with the hands-on client engagement of a boutique firm. You will benefit from strategies and insights with the potential to enhance overall returns. 

Tax Solutions

As you strive to improve the bottom line for your portfolio companies, we can help you achieve better results faster with strategic tax direction. Our tax advisory capabilities are tailored to your needs, freeing you to focus in other areas. We are available to work with you, your consultants, and portfolio companies to examine existing tax positions and provide recommendations, including a cost assessment of recommended tax savings and optimal timing strategies. We’ll provide you with a dedicated team so you always know who to call, and act as your comprehensive tax advisor for one or all companies in the fund. 

In partnering with you, we offer the following tax solutions and more. If you do not see what you are looking for below, please contact us directly with your needs. 

Talk to a Business Tax Advocate

In partnering with you, we offer the following tax solutions and more. If you do not see what you are looking for below, please contact us directly with your needs. 

Corporate ASC 740 Planning and Preparation

Establishing the income tax provision under ASC 740 with a ground up approach as part of a comprehensive financial reporting package:

  • Aligning financial statements with generally accepted accounting principles (GAAP), including best practices and SEC reporting requirements
  • Accounting for uncertain tax positions
  • Determining valuation allowances
  • Proving out tax balance sheet accounts
  • Preparing comparables, including prior year-end and prior quarter calculations

Qualified Small Business Stock (IRC Sec 1202)

  • Overall exclusion and qualification planning
  • IRC Sec 1202 qualification studies
  • Leverage planning
  • Equity and debt alternatives
  • IRC Sec 1045 potential rollover gain alternatives and planning

SALT and Tax Minimization Integration

  • R&D credit calculation and planning
  • IRC Sec 174 optimization and planning
  • State and local tax consulting, compliance, and remediation 
  • Multistate compliance (nexus, taxability and apportionment)
  • Due diligence review

Flow-through Entity Planning (LLC, Partnerships, S Corps)

  • Entity planning from formation to liquidation
  • Operating Agreement review for traditional and Targeted Capital allocation methods
  • Entity Transaction planning
  • Installment sale reporting and planning
  • Carried Interest rules and considerations
  • Unrelated Business Taxable Income

What Our Clients Say

Our client experience shows that we consistently deliver more than other tax advisors. 

“As a global company, we’ve outsourced tax reporting to TaxOps, including US tax compliance and global tax provisions. TaxOps provides the same level of ownership I would expect from an in-house tax team. They respond like coworkers, and I get tax answers when I need them … We often go to TaxOps with problems that are not well-defined and get tax solutions as well as an intermediary who talks with states, auditors and customers on our behalf.”              

~ Anna Kinna, Director of Finance, Invinity Energy Systems

“Our relationship with TaxOps began with federal and state income tax filings in 2019 and has expanded over the past five years to include tax provision, sales tax compliance, R&D tax credits, and tax planning. I consider TaxOps to be the tax department of LaunchDarkly, supporting all of our tax compliance needs as our business continues to grow in size and complexity.” 

~ Jason Y. Chan, CPA Corporate Controller Catamorphic Co. (dba LaunchDarkly)

To get the conversation started, please click here to reach out to the following leaders at TaxOps.

Allen Gregory, PartnerMark Dunning, Partner, TaxOps Minimization
Lindsay Haskell, Director, Corporate Tax Judy Vorndran, Partner, State and Local Tax
Talk to a Business Tax Advocate

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