As we learn how to deal with the challenges that come with these extraordinary times, companies are finding ways to slowly and strategically start moving forward. Now more than ever, your tax department may find itself with limited capacity to take on new challenges—while still trying to maintain its workload alongside the strains that come from working remotely.

Private equity (PE) and venture capital (VC) fund activity comes with time-intensive tax reporting requirements—from managing the completion and delivery of Schedule K-1s to tax obligations for the funds themselves. With so much to manage, internal tax department bandwidth may be an issue for your firm, and co-sourcing could provide a much-needed, cost-effective solution.

CBIZ & MHM is pleased to provide you with this guide on why, when, and how to decide if tax co-sourcing is right for your company.

Highlights of our guide include:

• The challenges that drive PE/VC firms to look for tax department solutions—from attracting and retaining the right talent to mitigating hiring and training costs
• The importance of needs assessments when identifying an external provider
• What to look for in a provider outside of technical capabilities
• How specialized resources may also be a key factor

The information in the guide is designed to help you:

• Identify whether co-sourcing may be the right “fit” for you
• Expedite your search for external tax resources
• Make a smooth transition to a co-sourced tax model