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BizTaxBuzz: Boards Can't Neglect Tax Risk

October 23, 2009

by John Cummings

in

IRS Commissioner Doug Shulman wants corporate boards to turn their attention to tax risk. In remarks to the National Association of Corporate Directors, Shulman pointed out that tax strategies are a significant source of financial and restatement risk, not to mention reputational exposure.

IRS Commish to Boards: Get a Grip on Tax Risk | Source: The Big Fat Finance Blog.

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Tax strategies are critical

On October 25th, 2009 Nate Kragness (not verified) said:

Tax strategies are critical to the success of small businesses. With slim profit margins, sometimes the tax rewards can be the difference between a profitable venture and an operating loss. All business decisions should heavily consider tax benefits in their analysis.