For Businesses

Our tax professionals enjoy tackling your toughest business tax issues.  Achieving favorable results is their goal.  To be effective, tax planning must be a year round activity that begins with a solid understanding of your business and objectives.  The compliance aspects of tax preparation are vital as well because it must integrate the tax planning ideas developed in the planning process.  With enough lead-time, we can be more creative and give you more flexibility and options to minimize your tax obligations.  

Execution can only be effective if the approach to service is aligned with a core understanding of our client.  We recognize that a publicly-held company and a family-owned business are different.  They operate in different environments and are unique on many levels ranging from their management style to regulatory oversight. We have tailored our tax services to meet their differing needs.  

We use the phrase “Entity-Centric” to describe our tax practice for publicly-held companies and for companies owned by private equity firms in the mid to large cap market.  With our Entity-Centric practice, our service approach recognizes that the entity is the primary focal point.

For family-owned and closely-held business in the small to mid cap market, we use the phrase “Owner-Centric.”  And with this practice, our approach is tailored knowing that the owner as the primary focal point. We believe that this approach ensures that our professionals are best suited for the clients they serve.

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“Entity-Centric” Business Tax Services

Our Entity-Centric tax services include the following services for corporations, limited liability companies, partnerships and corporations:

- Federal tax compliance such as:

  • Preparation of federal income tax returns and quarterly estimated tax payments,
  • Information-reporting (e.g., Forms 1099) and withholding
  • International informational reporting,

- State and local tax compliance such as:

  • Preparation income/franchise tax returns, and quarterly estimated tax payments
  • Sales and use tax compliance
  • Preparation of real and personal property tax returns
  • Preparation of annual reports, business licenses, abandoned property reports and payments and other miscellaneous filing requirements

- Domestic, international, and state and local tax planning such as:

  • Analysis and structuring of transactions (mergers, acquisitions and dispositions) including due diligence
  • Accounting method selection
  • Capital planning and cost recovery including cost segregation studies and analysis
  • Compensation, options and carried interests
  • Reverse sales tax audits
  • Entity selection and structuring
  • Tax attribute utilization
  • Tax credit planning
  • Transfer pricing

- Accounting for income taxes (FAS 109 / FIN 48)

- Representation before the Internal Revenue Service and state taxing authorities

We also provide our services on a comprehensive outsourcing basis and for some that is the perfect solution.  With our total outsourcing we take responsibility and management for all the business's tax compliance and planning needs.

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“Owner-Centric” Business Tax Services

Our Owner-Centric practice is an integrated approach to income tax planning and compliance so that all services are coordinated with an awareness of the total tax and financial situation for the owner.  Our Owner-Centric tax services include the following services:

- Integrated federal tax compliance such as:

  • Preparation of federal income tax returns and quarterly estimated tax payments
  • Preparation of federal income tax returns and quarterly estimated tax payments
  • Information-reporting (e.g., Forms 1099)

- Integrated state and local tax compliance such as:

  • Preparation income/franchise tax returns, and quarterly estimated tax payments,
  • Sales and use tax compliance
  • Preparation of real and personal property tax returns
  • Preparation of annual reports, business licenses, abandoned property reports and payments and other miscellaneous filing requirements

- Integrated domestic, international, and state and local tax planning such as:

  • Analysis and structuring of transactions (acquisitions and dispositions)
  • Accounting method selection and cost recovery techniques
  • Charitable gift planning
  • Multi-state individual taxation, including residency issues, income-sourcing and minimization of state and local taxes
  • Passive activity analysis and grouping
  • Tax credit planning and maximization
  • Tax basis planning
  • Entity selection and structuring
  • Estate tax and succession planning

- Representation before the Internal Revenue Service and state taxing authorities

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Mergers, Acquisitions and Liquidity Events

A merger or acquisition is one the most complex transactions a business can undertake and carries the potential for risk over many areas of taxation.  Our goal is to help our clients achieve their objective by assisting them with a full range of issues:

  • Transaction structuring ,
  • Due diligence related to federal, international and state and local tax items, and
  • Post-transaction integration and planning.

A liquidity event is an event associated with a sale or recapitalization where an owner converts equity held in his company into cash.  We have extensive experience assisting helping owners prepare for, evaluate and structure the event so that they achieve their goals which range from maximizing after-tax proceeds to realization of philanthropic goals.

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New Market Tax Credit Advisory Services (NMTC)

Oak Capital Advisors, LLC is a joint venture initiative of Thompson Dunavant PLC that specializes in the deployment of new markets tax credits to enhance development in economically-distressed communities.  Thompson Dunavant has joined together with Don Holm, a leading NMTC expert, to create a success-based turnkey solution for developers.  Steve Dunavant and Don Holm assist Oak Capital’s clients navigate the NMTC complexities with structuring design and advice.  As part of Oak Capital’s turnkey solution, we assist clients in securing NMTC allocation(s) from Community Development Entities and equity investments from tax credit buyers.

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International Tax and Transfer Pricing Services

In today's global marketplace, it is essential for companies to maximize opportunities in both the U.S. and abroad in order to stay competitive.  Thompson Dunavant Global Solutions LLC operates as the international tax practice of Thompson Dunavant PLC.  Thompson Dunavant Global Solutions, a respected source for Transfer Pricing Documentation and International Tax Analysis, understands the synergies between transfer pricing and international and domestic tax planning.   In addition to our Memphis headquarters office, we have professionals located in Chicago, Atlanta and Washington, DC.

We can help you in effective managing the income tax aspects of doing business worldwide, including:

  • Structuring export sales
  • Structuring start-up operations
  • Managing the worldwide tax rate
  • Planning for foreign acquisitions and dispositions
  • Restructuring operations
  • Transfer pricing compliance
  • Structuring international executive assignments

For more information on Thompson Dunavant Global Solutions, click here to view their web page.

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State and Local Tax Services

We represent clients from coast to coast - all fifty states.  Our state and local tax professionals are among the most talented in the field working diligently to ensure all opportunities for savings are realized.  We accomplish this by coupling thorough analysis and development strategies with successful implementation and firm negotiations with taxing authorities. 

TD AdVantage Tax is the state and local tax practice of Thompson Dunavant PLC. With offices in Memphis and Atlanta, TD AdVantage Tax is a comprehensive practice focusing on sales, use, income, and property tax. Our state and local tax professionals are among the most talented in the field working diligently to assist clients, including Fortune 500 companies, with meeting their multi-state tax requirements in an efficient and effective manner.

Click here to download a profile of TD AdVantage Tax. 

Click here to download the PowerPoint presentation from our latest webinar, "Are You Prepared For The Upcoming Property Reappraisals In Tennessee?"

For more information on TD AdVantage Tax, click here to view their web page.

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Tax Audit and Controversy Representation Services

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For Individuals and Fiduciaries

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Individual Income Tax Service

On the personal side, a carefully designed pension plan, profit-sharing plan or program of gifts, trusts and estate planning can help build a financial base for you and your family...now and in the future.

Individual tax services offered by Thompson Dunavant include:

  • Federal, State, and Local Income Tax
  • Estate Planning
  • Fiduciary Returns
  • Gift Tax Returns
  • Sale of a Residence
  • IRS Examinations

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Estate and Trust Services

Effective estate and trust planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business or other assets.  Protecting assets for your family that you have spent a lifetime accumulating requires planning now.  Tomorrow may be too late.  For business owners, providing for business continuity and succession of ownership is essential.  We can guide you through this complex process of getting your financial affairs in order.

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For Not-For-Profits

Tax exempt organizations face increasing review by tax authorities. IRS employs multiple examination models to monitor compliance by tax exempt organizations with federal tax rules. State and local governments review employment, property and sales tax liabilities of tax exempt organizations.
 

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Disclosure Consent

Federal law requires this consent form be provided to you.  Without your written consent or unless authorized by law, we cannot disclose your tax information to third parties.

To download the TD Consent to Disclose Form, click here.

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