Crisis Management

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Crisis Management and Monitoring

Corporate Crisis Management Resources for Better Strategy, Planning, Execution and Communications

We are not a public relations agency, and we don’t handle public relations. We deal with the internal and/or external issues that created the crisis in the first place by fixing business processes. 

When chaos is the new normal, top of house leaders need crisis management strategy, planning, execution & communication resources to stay agile & effective.

 

Tax Avoidance

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Tax Avoidance

Cutting your tax to the legal minimum.

“Anyone may arrange his affairs so that his taxes shall be as low as possible. He is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.” Judge Learned Hand.

The primary tax goal of every business in the United States is to avoid income tax. That’s our wheelhouse. That’s what we do. Both the GAO & the SBA reported that most businesses pay more tax than the law requires. Considering the size & complexity of the tax code, that’s not surprising. Especially in light of the fact that the top tax talent is recruited & hired by the Global 500.

TAX-AVOIDANCE should be a KEY GOAL of every CEO, Cutting your tax-load spins off 4 essentials, cash, profits, working capital & competitive advantage. All positive, easily measured, concrete results. Re-arranging your affairs and re-organizing your businesses are the magic potion that opens doors to tax avoidance. Outside the Global 500, won’t find tax professionals that can help you avoid taxes, because they’ve never been trained to do it.

Here are some of the tools we use.

  1. Tax Strategy Blueprint
  2. Asset Protection Strategies
  3. Intellectual Asset Strategies
  4. Business Re-Organization Strategy
  5. Interstate Tax Strategy – mix & match
  6. International Tax Strategy –  mix & match

 

 

Asset Protection

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Asset protection is a set of legal techniques and a body of statutory & common law that we use to protect vital business & personal assets  from judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury, fraudulent conveyances or tax evasion. Wikipedia 

It has become exceedingly difficult for business owners, professionals & others to conduct their affairs without exposure to the hazards of litigation and creditors. There are many methods by which individuals with significant assets at risk can legitimately protect their personal net worth. 

At Ellis, we have various ways & legal techniques to protect vital business & personal assets. We use every tool in our tool box. 

Intellectual Asset Strategies

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We use intellectual asset for a variety of purposes. We also go to great lengths to protect client intellectual assets from predators.

It is possible for a company to get sued out of existence but lose no money and start up again the very next day under the same name using the same assets & intellectual property. But you can’t wait until you get sued. 

The Act that made it all possible.

“Today, President Obama signed the Defend Trade Secrets Act of 2016 (“DTSA”) into law, bringing trade secrets alongside trademarks, copyrights and patents as intellectual property rights protected under federal law.” May 23, 2016. 

 

That’s probably the best thing Obama did. 

CFO Services

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A virtual Chief Financial Officer is an investment in the growth of your company. At a certain point in every large success, an in house CFO will be required. Certainly before going public. But for many or the normal day to day functions, our services will be more than adequate. 

Most executives titled CFO’s are mis-titled. In my experience, they’re just a low level controller. One thing is certain, there isn’t enough genuine CFO talent to staff all the CFO positions in the country. Make of that what you will.  

We can help with basically anything., but there will come a point when you require an in-house CFO.

    • Financial strategy
    • Short & long term forecasting
    • Financial systems strategy & design
    • Budgeting
    • Projections
    • Facilitating & supporting financial reporting
    • Raising capital
    • Interim CFO services
    • Cash flow analysis & restructuring
    • Renegotiating vendor contracts
    • Restructuring client contracts
    • Ensuring pricing is aligned with company & industry trends
    • Analyzing commission structures
    • Supply chain management
    • Attributing costs to revenues
    • Accounting & bookkeeping
    • Payroll
    • Financial Statement
    • Bill pay
    • Collections
    • Data driven management
    • Capture & interpret critical operating data
    • CFO service
    • Streamline & simplify
    • Cash management
    • Remote office
    • Management financial statements
    • Compiled financial statements

Tax Controversy

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Getting Audited

We may be the least audited firm in the country

A convergence of global forces has resulted in a substantial increase in the number and size of tax audits, assessments, and disputes with revenue authorities locally, nationally & worldwide. Virtually no area of tax enforcement has escaped this phenomenon, which includes direct taxes, indirect taxes, penalties, fees & direct  taxes (e.g., VAT and GST, domestic and international) , as well as specialist areas such as customs, tax fraud, and white collar tax issues. This new situation places a premium on audit and dispute prevention techniques because local, national & multinational companies are under constant competitive pressure to structure business operations effectively and efficiently. Larger companies need to develop coordinated approaches to audits and disputes, adopt preventative measures (such as pre-filing rulings and enhanced relationships with certain revenue authorities), and leverage both traditional and new alternative dispute resolution techniques in order to achieve the best possible results.

Knock on wood, we don’t get audited much. We may be the least audited firm in the country. We’ve never had a bad outcome on audit. The last audit we had, three years ago, there were no changes.

If and when you get an audit letter, send it to us and we will handle the entire audit. We may allow the IRS to have an initial interview with you, but that’s it. After that, we won’t allow any contact between you & the IRS. We’ll keep you in the loop and pass on any settlement offers they may make. This approach has always worked well for us and our clients. It’s still the best approach.

 

Outsourcing

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Ellis offers a full menu of outsourcing services, including CFO services.

We bring expertise in the full array of business services to solve your business problems efficiently, effectively &  affordably. The two main reasons that organizations decide to outsource are to reduce costs and to free up the time to focus on achieving your core business goals and planning. We pull the busy work off your plate. 

We are experts at outsourcing. We have been doing it for two decades. We’re experts at every facet of running a businesses in hundreds of trades & professions.

Business Services

    • Business Services
    • Bookkeeping
    • Accounting
    • Payroll
    • Financial strategy
    • Short & long term forecasting
    • Financial systems strategy & design
    • Budgeting
    • Projections
    • Facilitating & supporting financial reporting
    • Raising capital
    • Interim CFO services
    • Cash flow analysis & restructuring
    • Renegotiating vendor contracts
    • Restructuring client contracts
    • Ensuring pricing is aligned with company & industry trends
    • Analyzing commission structures
    • Supply chain management
    • Attributing costs to revenues
    • Accounting & bookkeeping
    • Payroll
    • Financial Statement
    • Bill pay
    • Collections
    • Data driven management
    • Capture & interpret critical operating data
    • CFO service
    • Streamline & simplify
    • Cash management
    • Remote office
    • Management financial statements
    • Compiled financial statements

Business Services consist of all the backroom administrative services that are essential for every business. We take care of everything so you can devote 100% of your time to growing your business and carving your mark on the universe.

Did you know that the data of 25% of U.S. companies is believed to be inaccurate?

We have a reputation for excellent, responsive client service, and for handling all the accounting, payroll & administrative aspects of relatively large companies, including large startups. Startups, especially large startups, move fast and break things that get in their way. They are unique challenges, and we have mastered them.

Doing administrative services poorly can be the kiss of death. We know companies that failed because they did not do a good job of handling administrative functions. We had a client that came to us too late to save them, but they could have easily been saved had they come to us a year earlier. Don’t wait until it’s too late.

 

Tax Planning Blueprint

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STRATEGIC TAX REDUCTION PLAN

What is a Tax Planning Blueprint and why do I need one?
Answer: It’s the foundation of your financial life.  

“Anyone may arrange his affairs so that his taxes shall be as low as possible. He is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.” This is the essence of tax planning. Judge Learned Hand.

Tax Planning Blueprint

The Tax Strategy Blueprint creates a clear, proactive, strategic tax avoidance plan for avoiding tax legally. It’s specifically customized for you and your business. It is definitely not one-size-fits-all. Every business is different, but a fundamental goal of every business should be to maximize income and minimize outflow. The easiest way to turbocharge profit is to avoid wasting money on unnecessary expenses, such as paying more tax than requires.

 

THERE ARE CPA’S & there are cpa’s.

The great majority of CPA’s & other tax professionals do not know how to do this level of tax planning for two reasons.

 

  1. First, because most of the truly competent tax professional are hired by the Big 4 and the Global 1000.
  2. Second, because they are trained how to fill out tax forms from your historical data, but not how to proactively plan your taxes.

Very few tax professionals do actual proactive tax planning. They don’t know how, plus they work in the past, not the future, preparing tax returns for what you’ve already done, not where you are right now, or where you will be the future. And the way they do that is SALY, the Same As Last Year. To leverage the benefits interspersed throughout tax law requires proactive forward thinking, & a Strategy Tax Reduction plan.

LEGAL, ETHICAL, MORAL

 

U.S. tax law is 250,000 pages of mystery. yes it does levy tax, but it also tells you how you can avoid tax by re-arranging your affairs to make your taxes as low as possible. But most tax professionals and most tax payers miss the mystery in their effort to prepare tax returns. Very few tax professionals know how to use the entire tax law to save taxes.{Ellis}

 

“They are like the young man who left home to make his fortune, who returned home years later to find a diamond mine where his farm used to be.” {Ellis}

 

“Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” [Judge Learned Hand]

Every tax reduction strategy we employ is legal, ethical, and moral; right in the middle of U.S. tax law. We avoid the dreaded grey areas because that’s the purview of incompetent tax professionals because that area is audit bait.

 

THE SAVINGS 

What could you do if you kept more of your money? $20,000, $50,000, $100,000 in tax savings a year.

 

GUARANTEE
If we can’t save you more than we cost, we’ll reimburse the difference. That means you’ll never pay more we save you. It doesn’t get easier than that.

 

IT’S NOT WHAT YOU MAKE, IT’S WHAT YOU KEEP 

Every minute you wait is more of your hard-money that you will never see, overpaid in taxes you don’t legally, ethically, or morally owe, all because you don’t have a Strategic Tax Plan!

 

YES! I WANT A ‘STRATEGIC TAX PLAN’ – SHOW ME HOW!

Schedule a Talk

The GAO reported that most businesses pay more tax than the law requires at rates higher than the global 500.

The SBA reported that only one in 10,000 startups every have more than 100 employees. 

Statistics tell us privately owned businesses pay more tax than then the law requires; & more tax at higher rates than the Global 500.

Upload last year’s tax returns to out drop box & we’ll tell you how much you overpaid, why it happened & what to do about it.

We will cut your tax to the legal minimum by manipulating your circumstances (completely & thoroughly legal). Easily measured concrete results. Every dollar we save drops straight to the bottom line as another dollar of cash, profits, working capital & competitive advantage created out of thin air. If we don’t cut your tax, we’ll reimburse the difference. 

Why firms & their owners pay more tax than the law requires: The Definitive Study of Human Performance.

 

 

International Taxation

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International Tax Advantages

With any system of taxation, it is possible to shift or re-characterize income in a manner that reduces tax. Internationally Tax treaties, Tax Havens & Transfer pricing rules come into play. In addition, there is an entire cottage industry of Tax Shelters. You can save a tremendous amount of tax, but it takes planning & preparation. 

U.S. tax reform rewards companies that shift profit to tax havens.  

Most of the Global 500, including Apple, Google & Caterpillar elected to do something different. Why they did that when the strategy immediately above works like a charm, who knows. They aren’t talking, but they’re not stupid either. 

International taxation can become a massive competitive advantage. Consider Apple. Although they are litigating right now,  Apple was on the verge of bankruptcy when Steve Jobs returned in 1997. He laid off 2/3 of the staff and cut cut costs to save Apple. I don’t know if he was responsible, but that is about the time the Double Irish tax strategy was implemented. From then until 2011, 14 years later, they were continually profitable until Apple became the most valuable company in the world. They have continued profitable and most valuable company until this day. Apple became the first trillion dollar company.

However, tread lightly in the EU. EU is in deadly opposition to favorable tax treatment for anyone or any company. However, we believe the EU is not long for this world. We also believe foreign trade under the weight of the Wuhan Virus pandemic.

Business Re-org

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Re-organize your business(es) & rearrange your affairs to cut taxes, protect vital assets & operate efficiently. 

Business Re-organization

Most businesses are not structured to their best advantage. Most privately owned businesses have only one company., which often hinders their success. But Global 500 companies have several, sometimes hundreds, of subsidiaries to achieve all their business goals. One of my clients is VP of tax for a Global 500, and her brother jokes that she’s always creating new foreign subsidiaries. They are the tools of her trade.

Reorganizing the business to protect assets & cash flow & cut taxes is essential to succeed in the chaotic, tumultuous 21st century.  

See the following list Global 500 companies with links to their SEC filing.

Many of them have hundreds related companies. In  one way or another, they all exist for asset protection.