Loan Portfolio Management
Tax and Statutory Compliance
One of the key components of managing a loan portfolio is to
ensure that all of the tax and statutory requirements are met
for each of the states that an organization is licensed to do
business in. Freedom Services’
team of professionals has practical experience working in all
fifty states and a significant number of local jurisdictions.
Services that are made available to our partners include:
Taxes
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Freedom Services will complete and file the required
federal, state and local tax returns, including supporting
schedules, for your program. The software that our
professionals utilize covers all fifty states and a majority
of the local jurisdictions.
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Filing of extensions when necessary.
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Preparation and maintenance of a comprehensive tax calendar
to ensure that deadlines are adhered to.
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Status reports are prepared and distributed to key personnel
so that our partners are aware of which returns have been
completed and any deadlines that are approaching.
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Estimated tax payments are calculated based upon actual and
projected activity. These recommendations are submitted to our partners for approval prior to the due date.
Statutory Compliance
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Freedom Services will maintain a calendar of required
filings for each of our partners' operating entities to
ensure that all reports are prepared and filed on a timely
basis. The latest software technology is utilized when
preparing these filings on behalf of our partners.
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The practical experience that our team of professionals has
in the reporting requirements that an organization must
comply with helps to minimize our partner’s cost of doing
business in a particular state or local jurisdiction.
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Coordination of filings with our partner’s registered agent.
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Our team of professionals will periodically review the
status of each of our partners operating entities to ensure
that these entities are in “Good Standing” in each state
that they are registered to do business in.
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