Tax planning for financial institutions is a critical component to sustain organizational success and maximize shareholder value. Taxes have a major impact on earnings and capital and require proper management and planning. In addition, with the expansion of business across borders, multi-state tax reporting issues, and regulatory changes, demand more of management’s attention. Entity selection and organization structure has a significant impact on how taxes are assessed on an organization and its shareholders, and must be carefully considered. Tax planning can ensure that your financial institution’s business strategy is on track and that you are well-positioned for the future.
Eide Bailly invests significant resources in maintaining the knowledge and technical capabilities of its professionals. Our financial institutions team has representatives instructing and in attendance at the major national bank tax conferences, where we have input on national issues.Our partners and managers are active in the development of tax legislation at the state level, and our participation in financial institution tax committees is indicative of our commitment to provide superior service.
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