the entrepreneur\u2019s assets and the company\u2019s assets form a single entity.<\/strong><\/p>Our approach, then, involves applying corporate engineering mechanisms to wealth management issues.<\/p>
For example, how can an entrepreneur selling his company defer the 30% flat tax by using the \u201ccontribution-and-sale\u201d method, which requires him to reinvest 60% of the sale price?<\/p>
But above all, once the investment has been made, how can corporate structures be used to redirect the funds toward wealth-building projects?<\/p>
Our team of tax attorneys, who are experts in tax planning, offers solutions. We believe we just need to think differently and take a tailored approach.<\/strong><\/p> The Case of the Tax Audit<\/strong><\/span><\/p>Here, too, the entrepreneur’s assets and the company’s assets form a single entity. For example, when a personal tax audit leads to a business tax audit\u2014or vice versa\u2014or when an audit is launched simultaneously against both the company and its executives or shareholders.<\/p>
The rules that trigger a tax audit vary from one regional office to another.<\/p>
However, several warning signs\u2014which are common across the various regional offices\u2014can trigger a double-check, as follows:<\/p>
- A discrepancy between the taxpayer’s lifestyle and reported income, compared to the company’s prosperity.<\/li>
- Exceptional cash flows between the company and its executive and\/or shareholder.<\/li>
- More generally, any change in method or inconsistency in the financial transactions between management\/shareholders and the company (compensation, loans, etc.)<\/li><\/ul>
The Farewell team is often called upon to manage both the oversight of the company and that of its executives and\/or shareholders. The key here is toanticipate<\/u><\/b> such audits so that the client and their accountant are technically and psychologically prepared to handle them when they occur. <\/p>
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