Business Tax

We view tax planning from a forward-looking perspective. 

How can we help you minimize your exposure and protect your assets? What strategies will enable you to grow your business and reach your goals?  What are the better, smarter solutions? 

At DGC, we’re more than a tax consultant. We provide deep, practical expertise, driving curiosity, and a true collaboration focused on your real needs. 

Federal Tax Planning

Your business is your life. And you want to use what you earn to keep that business growing and prospering. At DGC, our goal is to help you do just that.

We provide you with a unique perspective, shoulder-to-shoulder collaboration, and a deep expertise in business tax planning and compliance. We partner closely with you to get to know your goals and objectives and develop creative ideas and comprehensive strategies to meet them. 

Our team is constantly on the search for new and smarter solutions, because professional curiosity is embedded deep in our DNA. So as the federal tax code changes or your business needs evolve, we maintain and adjust this plan through continuous communication.

Services include:

  • Merger & Acquisitions including Tax Structuring and Planning
  • Ownership transitions
  • Tax minimization strategies including tax incentives and credits
  • Estate planning in connection with family owned businesses
  • Corporate Income Tax Provision Services
  • General entity and individual level tax planning
  • Entity and individual tax compliance services
  • Audit Representation

State & Local Tax (SALT)

The complexity and rapidly changing nature of state and local taxes can be challenging for any business. With more than 80,000 state and local tax jurisdictions nationwide, this situation is exponentially magnified for companies that do business across multiple states and municipalities.  

At DGC, we view SALT planning from a forward-looking perspective. How can we help you minimize your exposure and protect your assets? What are the better, smarter solutions? What strategies will enable you to grow your business and reach your goals? Because we’re more than a tax consultant, we provide deep, practical expertise, driving curiosity, and a true shoulder-to-shoulder collaboration focused on your real needs.  

Services include:

  • Tax minimization strategies for income and sales taxes
  • State and local tax credit planning
  • State Nexus Studies 
  • Voluntary Disclosure Agreements
  • Tax compliance services
  • Audit Representation

Tax Provision

For many public and privately held companies, computing the tax provision on a quarterly and annual basis is labor-intensive. The computations of tax accruals are complex, and disclosures can be onerous. Without the proper skillset, the process can be overwhelming and can have an adverse effect on your financial statements. 

At DGC, we work closely with you to develop a comprehensive approach to determining your company’s tax provision. We offer an expert perspective, sound solutions, and creative ideas to help you meet your obligations. 

 

Some of the services we typically provide include:

  • Valuation allowance assessment and analysis
  • Assessment of the impact of tax law changes
  • Tax accounting for business combinations
  • Interim reporting
  • Intra-period allocations
  • Assessment of discrete tax items
  • Review of internally prepared tax provision to meet Sarbanes-Oxley requirements

Research & Development Tax Credits

The Research & Development tax credit can be an important tool for maximizing the value of companies in a variety of industries, including high technology, software, manufacturing and service firms.

DGC’s experienced team can help you determine if your business is qualified to take advantage of this tax break. If so, we can conduct a feasibility study to estimate the maximum value you can expect to gain, and help you determine whether the cost/benefit is advantageous for you to do so.

Cost Segregation Studies

Cost segregation can be a useful tool in helping commercial real estate owners to reduce current income tax obligations, as well as free up capital for investments or operating expenses. Our experienced professionals know the right questions to ask to help you take advantage of any potential tax savings. Have you properly classified indirect construction costs and exterior land improvements?  Are you taking advantage of all opportunities to shorten depreciation times?

By providing a present value estimate, our tax experts can help you identify ways to reclassify personal property assets and minimize your current tax burden, while improving cash flow. This can be particularly beneficial for a wide range of property owners, including:

  • Retail, office, and residential buildings
  • Distribution centers and warehouses
  • Healthcare and nursing home facilities
  • Hotels, marinas, and resorts
  • Industrial, manufacturing, and processing facilities

International Tax

Operating across borders brings opportunities as well as challenges. There are a range of sophisticated tax issues related to compensation, business activities, and investments. At DGC, we provide you with the long-range perspective, shoulder-to-shoulder collaboration, and deep expertise in international tax planning and compliance.  

We partner closely with clients to develop creative ideas and customized strategies to minimize taxes and maximize profits. In addition to our comprehensive knowledge in this area, we also have access to a global network of technical expertise and best practices through our affiliation with Moore Stephens International Limited.

Our Specialties:

  • Matters related to payments of U.S. source income to foreign persons
  • Optimization of structures for foreign investment and business operations in the U.S.
  • Optimization of structures for U.S. investment and business operations outside of the U.S.
  • Structuring for cross-border acquisitions, sales and other exchanges
  • Structuring for acquisition, operation, and disposition of U.S. real estate
  • Controlled foreign corporation issues
  • Interest Charge Domestic International Sales Corporations (IC-DISCs)
  • Passive Foreign Investment Company issues (PFICs)

Perspectives

PPP Loan Forgiveness Bill Passed by the Senate – DGC’s Webinar Will Review Highlights
PPP Loan Forgiveness Bill Passed by the Senate – DGC’s Webinar Will Review Highlights 06/04/2020

​In light of these new changes, DGC will hold a PPP Loan forgiveness webinar where we will discuss these measures in greater detail. Look for an invitation with the date and a registration link coming soon. Read more

SBA PPP Loan Forgiveness Guidance – A Closer Look
SBA PPP Loan Forgiveness Guidance – A Closer Look 05/21/2020

The SBA issued on May 15, 2020 the PPP Loan Forgiveness Application Form which provides borrowers with additional guidance on the loan forgiveness calculation and clarified certain issues. Read more

FASB Delays New Revenue Recognition Standard Adoption Due to COVID-19 Pandemic
FASB Delays New Revenue Recognition Standard Adoption Due to COVID-19 Pandemic 05/21/2020

This decision was meant to alleviate one of the many hardships companies are facing as they turn their focus to decreased operations, collections, staffing decisions, and other uncertainties of COVID-19. Read more

PPP Loan Forgiveness Application Now Available
PPP Loan Forgiveness Application Now Available 05/18/2020

This 11-page PDF is completed by the borrower and then submitted to the borrower’s Lender or the Lender that is servicing their loan. Read more

What Our Clients Say About Us

I was previously with a national firm and working with DGC makes everything much easier. Each year the audit team has gotten even faster and more efficient. We also added DGC tax services, which has been a huge help. The audit and tax teams work well together and get things signed off with minimal involvement from me. The continuity of the teams has been a plus, and when I have questions throughout the year, they always get right back to me. They’re here to help!

Mark Abate Controller DiaCom Corporation

DGC has that rare combination of both technical and interpersonal skills. Client service is key, and at DGC they understand the impact of excellence in delivery. They are able to take the technical information, think strategically, and articulate it in a non-technical way. They are highly responsive and helpful. When I ask a question they respond with substance and value.

John Gordon Partner & CFO Putnam Associates

The speed in which the financial statements were produced and the tight time frame which DGC completed the audit was refreshing. DGC had a comprehensive understanding of our business which minimized my need to respond to questions. The approach was collaborative and flexible.

Richard G. Barletta SVP, Finance and Administration InnoCentive, Inc.