Corporate Tax Department Outsourcing

Our comprehensive tax department outsourcing services are designed to provide our client with the level of attention traditionally only available to large corporations.

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Mendez Molieri & Company, LLC provides a solution by acting as your outsourced tax department. Our professionals have served as the outsourced tax department for publicly-held and privately-owned companies.

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The tax professionals that make up our tax department outsourcing team have extensive Big-4 experience and a wide range of expertise in handling all aspects of accounting for income taxes under ASC 740 and IFRS. In addition, we have sophisticated international and domestic tax expertise to bring to bear on your issues if the need arises.

 

We provide many of the functions of an internal tax department, including:

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• Tax return preparation - Federal, state and local tax returns, which may include income, gross receipts, franchise, property, premium, sales and use and other tax returns

• Tax Provision, Tax Footnotes, and Disclosures Preparation - Interim and annual FAS 109 / FIN 48 schedules, documentation and disclosures including analysis of valuation allowances and reserves for uncertain tax positions

• Tax Notice Response - Review and resolve tax notices from IRS, State and/or local tax authorities

• Tax Audits - Manage federal, state and local examinations including all interaction with governmental agents, handling of document requests, preparing appeals protest letters, and negotiating with authorities

• External Auditors - We provide a comprehensive set of audit-ready workpapers. We maintain a relationship with the outside financial statement auditor on all tax-related matters and respond to questions and information requests on an expedited basis

• Transaction Planning - Obtain pre-transaction information and conduct necessary research to determine the potential tax consequences of a proposed transaction and suggest structuring alternatives to minimize tax outlays or maximize tax savings

• Update Management - Monitor changes in tax law as well as recent developments in case law, IRS rulings and pronouncements. We keep Management informed about the potential business impact or planning opportunities arising from current tax law developments

 

If your overall objective is to obtain the highest-level of tax service at a lower total cost than if you were to handle the work internally, Mendez Molieri & Company, LLC will allow you to focus your efforts on running and growing your business while we handle your tax compliance and reporting responsibilities.

 

International Tax Services

Our international tax professionals manage all of your corporate and individual compliance needs, while providing tax structuring and planning services. Most of our staff are fluent in Spanish and we have affiliations with firms in Latin America to assist with local law and on-the-ground support. Our international tax knowledge allows us to provide a comprehensive array of services for both corporate and individual clients as follows: 

 

Corporate International Tax Services

• Comprehensive tax planning relating to hybrid instruments and entities, foreign tax credits, controlled foreign corporations, income tax treaties, branch profits tax, branch level interest tax, cross-border transactions, classification, withholding and location of intellectual property and holding companies

• Structuring of foreign investment in the United States and U.S. investments abroad

• Coordination and preparation of U.S. federal, state and local income tax returns for U.S. business entities with foreign owners, as well as foreign business entities operating in the United States, which includes information returns with regard to cross-border withholding, transactions with foreign related parties, foreign bank accounts, and U.S. ownership of foreign corporations and partnerships

• Transfer pricing studies

• Due diligence

• Use of tax holidays in foreign jurisdictions

 

Key Individual International Tax Services​

• Comprehensive tax planning, including the analysis of foreign tax credits, income tax treaties, foreign earned income exclusion, expatriation, residency elections and dual-residency filing

• Pre and post-residency planning

• Compensation planning to minimize U.S. income, payroll and Estate taxes

• Foreign Trusts, estates, foundations

• Coordination and preparation of U.S. federal, state and local income tax returns for both inpatriates and expatriates

• U.S. permanent residents living abroad

• Foreign nationals residing in the U.S.

• Foreign investments in the U.S.

• Pre-immigration and expatriation

• Voluntary disclosures

• U.S. international assignment services

• Recipient of foreign gifts and inheritance

 

Estate and Trust Planning
and Tax Preparation

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Mendez Molieri & Company, LLC's role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.

 

IRS Representation

Professional representation can be vital during an audit and our experience with the tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay.

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We are intimately familiar with controversy procedures of the IRS and state tax agencies. We integrate our knowledge of tax law and these procedures to develop a strategy based on the facts of your particular situation.

 

Our services include:

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• IRS Lien, Levy and Asset Seizure Removals

• Response to IRS Requests

• Offer in Compromise Filings and Representation

• Appeals and Settlement Alternatives

• Taxpayer Advocate Dialog

• Wage Garnishment Resolution

• Unfiled Tax Returns and Amnesty Programs

• Installment Plan Applications and Form 433F Completion

• IRS and Governmental Penalty Abatement Procedures

 

While we can never guarantee a particular outcome (and you should be wary of any one who does) we have a strong record of achieving favorable results for our clients. Our highly qualified professionals will represent you and your companies with the primary objective to achieve a successful outcome in a timely and cost efficient manner.

 

State and Local Tax Support

There are 50 states and all of them have different tax laws. Add in all the different county and municipal jurisdictions your business might be subject to and the ability to stay in compliance can be overwhelming. Mendez Molieri & Company, LLC provides State and Local Tax (SALT) consulting in many areas including:

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• Nexus studies - “Nexus” is the minimum connection or physical presence in a taxing jurisdiction that gives rise to a filing obligation. We can review your multistate operations in order to determine which jurisdictions you are subject to tax in. Where possible we can propose minor changes to the companies’ activities in order to avoid nexus in a particular jurisdiction;

• Income/franchise taxes compliance - We can assist you with preparation and review services for all income and franchise tax returns;

• State and local audit representation - We provide experienced representation in your audits. We serve as the liaison between you or your personnel and the examiners to limit the scope of the examination and achieve the most favorable result for your company;

• Sales and use taxes - We can provide sale and use tax compliance, reduce the risk of non-compliance, identify tax savings opportunities as well as provide representation on audits; 

• Real and personal property taxes - Tax filings vary by state. We can help you with personal property tax compliance and real property assessment and review;

• Tax credits and incentives - When a company is considering branching out into new jurisdictions we can help it identify and qualify for tax credits that might be available in those jurisdictions which will help improve the company’s cash flow and bottom line.

 

Certifying Acceptance Agent Services

As a Certifying Acceptance Agent, Mendez Molieri & Company, LLC can assist foreign persons in obtaining an Individual Taxpayer Identification Number (ITIN). 

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An Individual Taxpayer Identification number (ITIN) is required for foreign individuals who have a U.S. tax filing responsibility and do not qualify for a Social Security Number (SSN). ITINs are also required for the spouse and children of resident aliens who wish to claim dependent exemptions. 

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An appointment with Mendez Molieri & Company, LLC can offer the convenience of obtaining an ITIN by certifying original identification documents, filling out and submitting all necessary forms to the IRS and handling all communications with the IRS on behalf of the foreign individual.

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Accounting

 

Reviews and Compilation

Mendez Molieri & Company, LLC's financial statement services comprise the following levels of assurance depending on your company's needs.

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• Reviews - Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

• Compilations - Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

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Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Mendez Molieri & Company, LLC can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

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Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Mendez Molieri & Company, LLC can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

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Personal Financial Statements 

A Personal Financial Statement provides you with a powerful tool in getting your credit applications reviewed and approved quickly. It can also help you understand you net worth and the major components thereof. As a result it can be a valuable document that can assist you in developing an Estate Planning Strategy. We follow the AICPA guidelines in preparing a Personal Financial Statements and can utilize our in-house valuation expertise to prepare a Personal Financial Statement that you can feel confident sharing with potential creditors or trusted financial advisors.

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Transaction

 

Entity Selection

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Mendez Molieri & Company, LLC can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

 

Litigation Support and Forensic Accounting

Mendez Molieri & Company, LLC litigation support and forensic accounting services can be employed in a wide range of situations, including commercial litigation, financial investigations, business valuations, business and marital dissolutions, and bankruptcies. These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation, and expert witness testimony. Financial and personal records are often vast and confusing to sort through. With our professional training in this matter, we can make sense of these records and transactions and help you quantify your damages and/or claim.

 

Business Valuation

The range of needs for valuing businesses continues to widen, and Mendez Molieri & Company, LLC can provide in-depth analysis to help you identify and analyze the factors that drive the value of your company or one in which you have an interest. Uses for this service include estate planning and compliance, buying and selling businesses, divorce matters, family limited partnerships and ESOPs. There are so many factors that contribute to the perceived value of a business. Our expert help can help you evaluate entities that you have an interest in and guide you towards making business decisions that you feel confident with.

 

Mergers, Acquisitions, and Sales

Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, Mendez Molieri & Company, LLC can provide professional know-how to help you successfully structure and negotiate the deal. Mendez Molieri & Company, LLC employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.

 

Debt and Finance Advising

Whether your needs are corporate or personal, Mendez Molieri & Company, LLC's professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments and/or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. Even if you are able to handle the payments and the amounts of your current debts, our expertise may be able to save you money and/or lower your payments.