Business in the boardroom
Business Tax Services

Private Equity and Portfolio Companies

Technical Excellence | Skilled Guidance


What makes tax planning for private equity (PE) firms and their portfolio companies different from other businesses?

Most PE firms and their portfolio companies have ambitious growth plans within a defined time period with an exit strategy as a primary focus. Tax strategies need to support these plans, while also supporting the management and owners of the portfolio companies, management and owners of the PE firm, and the outside investors funding the acquisition. 

This PE value creation model requires tax efficiency at all stages for all stakeholders.

From formation of the PE fund to acquisition and disposition of portfolio companies to ultimate winding down of the fund, Smith + Howard’s experienced tax professionals work hand and hand with the entire team to minimize taxes and meet business objectives.

Glass Window Business Office, building in Canary Wharf, London, England

Creating Opportunities

The Smith + Howard tax team is nationally recognized for its solid grasp of tax strategies and proven ability to implement practical solutions.

While there are often different goals for portfolio companies and their PE partners, Smith + Howard’s tax professionals will work to ensure that tax strategies are aligned with the ultimate goal of value creation for all stakeholders upon a successful exit.

Learn More About Transaction Advisory Services

We can help with the following:

  • Tax efficient deal structure for both buyers and sellers
  • Entity selection
  • Management equity plans
  • Annual tax planning
  • Distribution analysis
  • Tax compliance requirements for the businesses and owners
  • And more

Tax Strategies

Serving as your tax team, our experts will guide you through the various phases of the PE lifecycle and answer important questions, including:

Portfolio Companies

  • How do you prepare for tax and financial due diligence?
  • To what extent can taxes be minimized upon a sale to and the ultimate exit from a PE fund?
  • Have you incentivized your key employees to grow the business in a tax efficient manner?
  • Are you confident distributions will be sufficient to cover ongoing tax obligations?

PE Funds

  • Has entity selection considered the tax concerns of the various investors?
  • Does funding for the acquisition contemplate tax planning strategies? 
  • How can you be sure you will get a step up in tax basis and allocation of related deductions?
  • Are management incentives structured to defer and minimize taxes?
What clients are saying
Abatement Technologies Client Testimonial

“In recent years, Smith + Howard has been invaluable in keeping us abreast of changes to the tax code and wider environment. They’ve guided us through complex issues we had no knowledge of, and time and time again, it’s proved to be invaluable for us.”

Tom Nahigian, retired CFO of Abatement Technologies

“We use Smith + Howard for our audit, tax and special project work. Their advice and counsel is exceptional. Most recently, without Smith + Howard’s advice, we would have missed out on a $4M refund from a tax incentive program.”

David Seem, CFO, Miller-Zell

“Their mindset is different. They’re constantly looking to see what our objectives are and they’re giving us the best possible advice and keeping up with all the rules and regulations. It’s like having an expert looking over your shoulder with what you’re doing.”

Raj Anand, CEO, Southern States, LLC

A Firm of Distinction

Serving clients in all 50 states
4,000 +
Tax clients globally served
24 +
Average years of experience tax partners bring to client service engagements
Consecutive years recognized as Forbes Best Tax and Accounting Firm in America

How We Help

Whatever your role in a deal, we have you covered.

Additionally, we can support the big picture of how taxes factor into your growth goals:

  • Entity selection
  • Tax controversy
  • Multistate tax services
  • Accounting for income taxes
  • Tax planning and compliance
  • International tax services
  • Succession planning
  • Tax credits and incentives
  • Tax transaction advisory services
People and modern technology connection

Explore our other tax services:

Business Tax

Our roots going back over half a century were grounded in tax. Today, while we can serve every aspect of your business’ financial life, we still stand on a strong tax foundation.

Learn More

Private Client Services

As a high-net-worth individual, you need a partner working as hard to protect and grow your wealth as you did to accumulate it – a partner who is on the same page as you about how your life, family and goals evolve over time and commits to preserving what you’ve built.

Learn More

Indirect Tax

When consumers purchase goods and services, they pay indirect taxes.

Learn More

Let’s talk about how you’re looking to grow your business

At each step of the way, we will work with you to maintain compliance and minimize your taxes, while establishing a long-term relationship built on quality counsel and efficient, responsive service.