What Would Your Tax Return Look Like if There Was No IRS?
It would look like fiction! Royalty statements, like tax returns, require people to prepare them according to a non-fiction set of rules. When oversight is nonexistent or sporadic, human nature causes lines to blur. Aggressive positions are taken, diligence and care suffer, and mistakes occur. When you combine the issues that stem from a lack of oversight with all of the other complexities associated with preparing accurate royalty statements, chances are your royalty statement will be fiction! The U.S. uses the IRS to ensure compliance. Who do you use?
Don’t take a passive approach to royalty compliance. The Royalty Audit and Contract Compliance professionals at EisnerAmper can help. For a no-cost, no-obligation assessment of your licensing arrangements call or write Lewis Stark, 212.891.4086 |
Learn more at EisnerAmper.com/ROYALTYAUDIT