Services
In today's economic environment, there is an ever increasing need for experienced tax executives on an as needed basis. Tax executives not only to assist with day to day notices, audit requests but to be part of your executive management team so that you can manage tax risks, not responses.
WHC & Associates, LLC is ready to assist you when you need it most. We have experienced tax executives available to help you fill the gap when your current tax executive leaves or to be your tax executive on an as needed basis. In today's environment of fully utilized departments, the excess capacity to pick up additional responsibility does not exist. This is where we come in.
When you engage WHC & Associates, LLC, we will be on your premises with an experienced tax executive in time to transition with your departing executive or to assist those who need it when they need it most. During this period, our executive will manage the function seamlessly, possibly identify tax savings or will work with your staff on day to day issues and the controls and information gathering tools necessary to stream line your tax function so they can get back to focusing on operational issues. More importantly, we will allow you to manage your tax risks, not the responses.
Our executives have recently assisted clients in the following areas.
Why choose WHC & Associates, LLC?
Interim executives provide a greater return on fees paid than using a consultant.
Consultants consult and advisers advise. They will identify problems and possibly suggest solutions, appropriate to their positions as experts. But an expert is different than the “been-there-done-that” experience that you get with an interim executive. Consultants and advisers charge big bucks for the advice they give ($600+ per hour), costing significantly more than an interim executive. The interim executive doesn’t give advice; they are world-class field commanders who develop and executes plans that deliver results, provides a professional role model for change, innovation, development, and most importantly ensures a successful knowledge transfer to the company during and at the end of the engagement.
Lower Costs then Hiring
By hiring our screened executives, you avoid the costs associated with finding, recruiting, developing, maintaining or terminating associated with a full time employee. Most clients think that hiring an interim executive is more costly then hiring a full time employee. However, when you include the cost of retirement contributions, benefits, etc, the cost of a full time employee making $175,000 per year actually raises to over $5,000 per day, significantly more costly than the usual $1,500 per day for one of our executives.
Using an interim executive saves on the cost of risk.
What is the cost of risk? Risk is the cost of hiring an executive that can't provide the level of service that your organization needs, or leaves for greener pastures because they are not committed to the organization. Add to this the cost of a newcomer to the organization who is learning on the job where their wrong or ill advised decisions can prove costly and distracting to the organization. This is avoided with our "been there, done that" experience of our interim tax executives who have successfully managed the same roll before. The cost of risk is further reduced by using an interim tax executive because if for some reason the executive is not working to your satisfaction, we will work with you to find a replacement, in-house or otherwise at no additional cost to you.
Using an interim tax executive saves on expensive opportunity costs.
It takes a long time to successfully recruit and replace a departed tax executive, a period that could take years. In the mean time the work must still get done. It has been estimated that on average the lost cost of opportunity for a senior executive is over $1,000,000. Because our executives can start immediately, tax returns will continued to be filed, transaction due diligence will be completed and staff will be mentored. A business needs to fill the hiring gap wisely by using an experienced tax executive to fill the gap or solve an immediate problem on a short term or part time basis, as meets your needs.
Using an interim executive gives maximum flexibility.
When you hire a full time executive, that is what you get, a full time resource. Interim tax executives are only paid for the days or hours that you need them. So, if you need help with managing several audits that only takes two days a week, or one day a week to help managing outside service providers with completing the tax returns, that is what you pay for.
Additional flexibility is provided when for example you need help with a confidential transaction. If confidentiality is of the utmost importance, our executives can work remotely thus reducing the possibility of discovery. Their is even more flexibility when using interim tax executives. If necessary, we can swap out executives to leverage their particular skill set to meet your challenges as they change. For example, suppose an ongoing income tax audit is closed but the auditor opens a new sales tax audit? If the currently supplied executive doesn't have the skill set necessary to help, we will supply one who does.
In today's economic environment, there is an ever increasing need for experienced tax executives on an as needed basis. Tax executives not only to assist with day to day notices, audit requests but to be part of your executive management team so that you can manage tax risks, not responses.
WHC & Associates, LLC is ready to assist you when you need it most. We have experienced tax executives available to help you fill the gap when your current tax executive leaves or to be your tax executive on an as needed basis. In today's environment of fully utilized departments, the excess capacity to pick up additional responsibility does not exist. This is where we come in.
When you engage WHC & Associates, LLC, we will be on your premises with an experienced tax executive in time to transition with your departing executive or to assist those who need it when they need it most. During this period, our executive will manage the function seamlessly, possibly identify tax savings or will work with your staff on day to day issues and the controls and information gathering tools necessary to stream line your tax function so they can get back to focusing on operational issues. More importantly, we will allow you to manage your tax risks, not the responses.
Our executives have recently assisted clients in the following areas.
- Compliance Management
- Financial Reporting of Taxes
- Transactional Due Diligence and Structuring
- Audit Defense
- Staff Development
- Transactional Taxes
Why choose WHC & Associates, LLC?
Interim executives provide a greater return on fees paid than using a consultant.
Consultants consult and advisers advise. They will identify problems and possibly suggest solutions, appropriate to their positions as experts. But an expert is different than the “been-there-done-that” experience that you get with an interim executive. Consultants and advisers charge big bucks for the advice they give ($600+ per hour), costing significantly more than an interim executive. The interim executive doesn’t give advice; they are world-class field commanders who develop and executes plans that deliver results, provides a professional role model for change, innovation, development, and most importantly ensures a successful knowledge transfer to the company during and at the end of the engagement.
Lower Costs then Hiring
By hiring our screened executives, you avoid the costs associated with finding, recruiting, developing, maintaining or terminating associated with a full time employee. Most clients think that hiring an interim executive is more costly then hiring a full time employee. However, when you include the cost of retirement contributions, benefits, etc, the cost of a full time employee making $175,000 per year actually raises to over $5,000 per day, significantly more costly than the usual $1,500 per day for one of our executives.
Using an interim executive saves on the cost of risk.
What is the cost of risk? Risk is the cost of hiring an executive that can't provide the level of service that your organization needs, or leaves for greener pastures because they are not committed to the organization. Add to this the cost of a newcomer to the organization who is learning on the job where their wrong or ill advised decisions can prove costly and distracting to the organization. This is avoided with our "been there, done that" experience of our interim tax executives who have successfully managed the same roll before. The cost of risk is further reduced by using an interim tax executive because if for some reason the executive is not working to your satisfaction, we will work with you to find a replacement, in-house or otherwise at no additional cost to you.
Using an interim tax executive saves on expensive opportunity costs.
It takes a long time to successfully recruit and replace a departed tax executive, a period that could take years. In the mean time the work must still get done. It has been estimated that on average the lost cost of opportunity for a senior executive is over $1,000,000. Because our executives can start immediately, tax returns will continued to be filed, transaction due diligence will be completed and staff will be mentored. A business needs to fill the hiring gap wisely by using an experienced tax executive to fill the gap or solve an immediate problem on a short term or part time basis, as meets your needs.
Using an interim executive gives maximum flexibility.
When you hire a full time executive, that is what you get, a full time resource. Interim tax executives are only paid for the days or hours that you need them. So, if you need help with managing several audits that only takes two days a week, or one day a week to help managing outside service providers with completing the tax returns, that is what you pay for.
Additional flexibility is provided when for example you need help with a confidential transaction. If confidentiality is of the utmost importance, our executives can work remotely thus reducing the possibility of discovery. Their is even more flexibility when using interim tax executives. If necessary, we can swap out executives to leverage their particular skill set to meet your challenges as they change. For example, suppose an ongoing income tax audit is closed but the auditor opens a new sales tax audit? If the currently supplied executive doesn't have the skill set necessary to help, we will supply one who does.