Services
Tax Planning
Advisory and Accounting
Industry
Technology
Background
Our client is a consultant who provides strategic planning services for large technology companies. The consultant receives compensation in the form of complex share arrangements. One of the consultant’s clients was undergoing a business sale and the consultant’s shares would be sold. The consultant required urgent assistance with determining the tax implications of the shares beings sold.
Our Approach
The Encompass team met with the consultant and undertook a thorough review of the share arrangement. We then took the following steps:
- Obtained as much information as possible from the consultant, their client and its advisors
- Determined the alternative tax implications of the share sale
- Saw an opportunity to restructure the consultant’s share sale to obtain a favourable tax outcome for them
- Coordinated with the client’s advisors to restructure the consultant’s share sale
Benefits
- We were thorough in obtaining all the necessary information.
- We saw an opportunity and acted with urgency and creativity, which resulted in significant tax savings to the consultant.
