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February 16, 2007, Newsletter Issue #52: Franchise Taxes
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Tip of the Week
Larger companies typically employ a Tax Advisor, whose function it is to provide guidance to the company about franchise taxes. This includes providing research and analysis of franchise tax planning, audits, and compliance. A Tax Advisor will actively seek to minimize the franchise taxes required to be paid, thereby increasing the shareholder value. This person works with people in various business units and interprets the impact of various procedures, proposals, legislation, and court decisions. Tax advisors will also work with government agencies (such as franchise tax boards) as well as outside organizations to influence proposed legislation in an attempt to reduce the tax burden.
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