Large Volume of K-1 Tax Returns Consistently Delivered On Time
Background
Company headquarters are located in southern California and operates primarily in the fast food chain restaurants industry.
Company has been operating for over 50 years, generates over $240M in annual revenue, and employs over 5,600 employees across all locations.
The organization was struggling with meeting the needs and expectations of their partnership stakeholders in getting a large number of K-1 tax returns completed and delivered to all shareholders before March of every year, thus allowing enough time for the partners to include in their personal filings.
Wright Ford Young & Co. holds a long standing history of understanding the impact to a Company’s reputation of not delivering K-1s to shareholders on time, and the downstream consequences and subsequent filing delays if those K-1s are not received by investors by when they expect.
Approach
Wright Ford Young & Co. (WFY) was engaged to prepare and deliver approximately 3,800 K-1 tax returns to all of the Company’s partners and investors.
WFY was expected to deliver all 3,800 K-1 tax returns no later than February 28 of each year.
Our CPA firm was engaged by the Company for over 20 years prior to the sale of all Company properties to a major private equity firm.
Results
Wright Ford Young & Co. consistently achieved the accurate preparation and timely delivery expectation of all 3,800 K-1 tax returns during every year of our relationship.
WFY never missed the February 28th deadline in 20+ years of service to the Company.
Quick Turnaround of K-1 Tax Returns Improves Investor Confidence and Satisfaction
Background
Private real estate development company operating primarily in the investment and general brokerage industry.
Company has been operating in Arizona for 5 years, estimated to generate approximately $236M in annual revenues, and employs approximately 10,000 employees.
The Company was in need of a qualified tax compliance firm that could get large LLC returns with many investors prepared and processed quickly to appease investors.
Company interviewed several capable accounting firms and selected Wright Ford Young & Co. based on a favorable recommendation from a common real estate development investor.
Approach
Wright Ford Young & Co. (WFY) was engaged to prepare and deliver over thirty (30+) LLC and partnership K-1 tax returns to all entity investors on time and on budget.
Annual engagement is quite large with multiple stakeholders and individual strategic tax planning to maximize tax savings.
Primary motivation is to assure that all investor tax returns are accurately prepared and delivered quickly to improve the relational and simplicity value to all investor stakeholders.
Results
Wright Ford Young & Co. has consistently prepared and delivered on all expected investors’ K-1 tax returns on time and on budget since engagement started.
As an added value, Our CPA firm has fielded tax-impact questions from non-AZ and international investors to help assure the confidence of their investment decisions.
