by Jessica Kyt and Gunner Huggins The outcome of the 2018 Supreme Court decision in South Dakota V. Wayfair brought the discussion of nexus and nexus creating activities to the forefront for all businesses that operate…
This article is a continuation in our series on the tax implications of the different structures used to buy or sell a business. If you missed our article related to C-corporations, please check it out…
In a continuation of our series on closely held business succession planning, our next few articles discuss the implications of buying or selling a closely held C-Corporation, S-Corporation, or Partnership/Limited Liability Company (LLC). These transactions…
The customer asked: "can Elliott Davis assist in the financial due diligence of a target to confirm forecast future, value for sale price and identify unrecorded liabilities?” Context A national group of best-in-class veterinary service…
Elliott Davis was asked: “We are currently utilizing a small provider for our taxes, but believe we need a specialist for state and local taxes, is that correct?” Context World-wide supplier of wood products Headquartered…
There has been a recent trend among states to enact legislation that allows for a pass-through entity (PTE) to make an election to pay tax at the entity level. This trend began after the passage…
Management asked Elliott Davis: “We are spending too much time manually entering data vs. completing the analysis we need to identify our financial results. Can you help us build a dashboard reporting tool?” Context Software…
As the end of 2022 rapidly approaches, we at Elliott Davis know that there are many things on the minds of business owners and leaders. This article discusses several items that could be helpful to…
by David Stewart, Taylor Pelusi, and Spencer Caldwell As we continue our series on business succession this article builds on our first two topics: the buy-sell agreement and the implications of a business transition on…
by Rachel Wehrman and Maggie Varn The 2022 holiday season is rapidly approaching. Although consumer spending is expected to increase during this last quarter of the year, challenges such as supply chain delays and the…
Clean Energy Details from the Inflation Reduction Act Subtitle D of the Inflation Reduction Act (IRA) is dedicated to energy security within the United States. One of the main ways that Congress intends to achieve…
To retain talent and incentivize performance, businesses often grant equity compensation to their employees. Granting an equity interest to an employee in a partnership has significant tax implications that should be understood by both the…
