Drawing upon more than fifty years of professional experience between them, authors and tax experts John Karayan and Charles Swenson deftly show managers how to get to the bottom line without getting bogged down in the details of taxes.
Strategic Business Tax Planning, Second Edition is the definitive handbook on business tax planning, skipping the unnecessary and minute taxation details and focusing instead on the big picture in taxes. Organized around business processes, this reader-friendly guide shows you how to optimally put tax management principles to work in your business.
Appropriate for undergraduate finance students as well as professionals, this Second Edition is updated to include the newest federal tax acts as well as a host of key cases and administrative pronouncements.
CHARLES W. SWENSON, CPA, PHD, is Professor and Leventhal Research Fellow in the Marshall School of Business at the University of Southern California, where he has taught for the last nineteen years. He holds a joint appointment at the California Institute of Technology (Caltech). His practice experience includes PricewaterhouseCoopers and Deloitte & Touche. He is a member of the AICPA and the American Economics Association, and is a cofounder of the National Tax Credit Group, LLC.
Acknowledgments.
Introduction.
PART 1: STRATEGIC TAX PLANNING.
Chapter 1. A Framework for Understanding Taxes.
Chapter 2. Using the SAVANT Framework to Guide Tax Planning.
PART 2: FORMING THE ENTERPRISE.
Chapter 3. Choosing a Legal Entity: Risk Management, Raising Capital, and Tax Management.
Chapter 4. Financing a New Venture.
PART 3: OPERATING THE FIRM.
Chapter 5. New Products: Development, Promotion, and Advertising.
Chapter 6. Attracting and Motivating Employees and Managers: Company and Employee Tax Planning.
Chapter 7. Market Penetration: Operating in Different States.
Chapter 8. Market Penetration: Company and Employee Tax Planning for Operating in Foreign Countries.
Chapter 9. Operations Management.
Chapter 10. Financing Ongoing Operations and Tax Planning.
Chapter 11. Capital Budgeting.
Chapter 12. Financial Statement Analysis and Proactive Tax Planning.
PART 4: CHANGING ORIGINAL FORM..
Chapter 13. Restructuring.
Chapter 14. Mergers and Acquisitions.
Chapter 15. Other Topics in Changing Original Form.
Appendix A: Basic Tax Research Skills.
Appendix B: Present Value Analysis: Lump Sums.
Index.
