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IPO Tax Consulting


Our Approach

Many CFOs put tax on the bottom of their priority list during the IPO process—right behind revenue, raising capital and compiling a compelling story for investors. However, we know from our more than 20 years of IPO tax consulting experience that CFOs need to bring IPO tax issues to the forefront to set themselves, and their company, up to succeed once public.

David Sordello, Partner-In-Charge of Armanino’s Corporate Tax practice, has this advice for finance executives planning to go public over the next 18 to 24 months:

"The tax rules that public companies need to comply with, especially in areas like Silicon Valley, Silicon Beach, Austin or other tech-heavy regions, are extensive. However, most CFOs place tax last on their list of priorities, which means I’ve seen a lot of companies that aren’t ready on the tax side when they go public. Strategic CFOs will make tax a higher priority, understand IPO-related tax issues and figure out how to address them early in the IPO execution process."

Whether you want to outsource your IPO tax process, or you simply want IPO tax consulting expertise to supplement your internal team, Armanino has the capabilities to meet your needs.

Services

Tax Provision
Tax data productivity and availability become vital once a company is public—especially for growing technology companies—because many firms maintain net operating losses (NOLs) while private. This means that at least 6 months prior to going public, your company should reach out to an IPO tax consulting expert like Armanino to manually reconcile your financial statements with the relevant provision, or if appropriate, automate your provision process using our proprietary automated solution. 

Expansion and Tax Structuring: It’s important for pre-IPO companies to account for possible future expansion and tax structuring when putting together their S-1 documentation, as well as during pitches to investors. Our IPO tax consulting team will also ensure your company reviews key tax opportunities related to geographic expansion including:

  • National and international tax equalization processes
  • Mobile workforce considerations for employee salary and stock option tax withholdings
  • Intellectual property (IP) structuring and transfer pricing when trying to reduce the company’s effective global tax rate and increase earnings per share
  • Sales and use tax issues relating to small-to-medium businesses that have been brought to light due to unrecorded liabilities

Sarbanes-Oxley (SOX) Tax Consulting
Complying with Sections 404 and 302 of SOX is no easy task. Our SOX specialists can demystify the requirements and help implement the right corporate governance framework to ensure tax compliance.

Tax Automation Tools
We offer a highly evolved automation approach to calculating your provision, as well as sales and use tax―one that lets us focus on helping you achieve the highest stock price for your investors. Our software solutions help maintain an efficient process for creating tax footnotes and for the required SEC audit documentation.

Experts

Resources

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This summary of when various tax-related forms, payments and other actions are due will help you make sure you don’t miss any important 2017 tax deadlines.

Amending the Goodwill Impairment Test: A Focus on Tech

FASB recently approved plans to simplify the goodwill impairment test. If finalized, it will be the second change since 2011. We explain the ramifications for tech companies.

ACA Reporting Deadlines Are On the Horizon

Now is the time for affected employers to begin assembling the necessary ACA information. This article details what information is required to complete Forms 1094 ...

Highway Funding Law Brings Important Tax Law Changes

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law on July 31; the 34th stopgap extension of transportation programs since 2009.

New Trade Law Hikes Penalties for Tax Reporting Errors

The Trade Preferences Extension Act of 2015 (TPEA) increases by as much as 150% the potential penalties for taxpayers that err in their ACA information reporting to the IRS or payees.

Work Opportunity Credits & Tangible Property: What Businesses Need to Know

The IRS recently released guidance on two major areas affecting businesses—the Work Opportunity Tax Credit (WOTC) and the tangible property regulations, and ...

Small Employers Get Transition Relief from ACA Excise Tax Penalties

The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

3 Steps to Help Mitigate Digital Risk

Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

2015-tax-calendar-armanino

A summary of when various 2015 tax-related forms, payments and other activities are due for individuals and families, as well as businesses, corporations, partner ...

Businesses, Individuals Benefit from Latest Tax Relief Extender Law

On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), a stopgap measure that retroactively extends certain tax relief provisions through Dec. 31, 2014.

A Guide to Resolving Sales Tax Exposure for the pre-IPO Cloud CFO

  trends and insights

The CFOs 5 Step Guide to IPO Execution

The CFO needs to assess all of the different areas that need to be improved—and sometimes there are some large holes—in order to ensure they are prepared to tackle this major change in their business.

IPO Readiness: Why Now?

Getting your company ready for an IPO isn't easy, nor is it cheap; in fact, it's disruptive and takes people out of their comfort zones. But that's exactly why you should consider preparing for the IPO well in advance ...