Professional Accounting and Tax Services Sample Clauses

Professional Accounting and Tax Services. Company hereby agrees to pay for Executive’s 2022 and 2023 tax years professional accounting and tax services provided by the Company’s tax accountant (currently E&Y, but Executive may instead use BDO if Executive has continued to use Company’s former tax accountant) in the same amount paid by Company for other current executives (for the 2021 tax year it was $7,900, but it is expected to return to $6,000 for all covered executives as the additional amount related to the 2021 transaction), to assist Executive with Executive’s accounting and tax filing related to Executive’s K-1 status with Company and determining Executive’s resulting tax obligations. Executive, like other current executives, will be responsible to pay any amounts beyond the set annual amount agreed to be paid by the Company for each executive (and each of the executives that have participated in this historically shall receive the same set amount). Executive has agreed to or hereby agrees to cooperate and authorize the Company to file a composite return for the 2022 and 2023 tax years and to timely reimburse the Company for any payments made by Company on Executive’s behalf related to the Company’s tax filings, provided Company will provide Executive documentation with respect to the amounts advanced and how calculated. Company hereby reserves its rights with respect to advancing such tax payments and seeking repayment of same under the Operating Agreement; however, Executive authorizes Company to withhold $1,315.00 per pay period5 from Executive’s Compensation to satisfy any tax payments made by Company on Executive’s behalf related to the 2022 and 2023 tax years (with such amounts reported in calendar year 2023 and 2024 tax filings, respectively). The Parties agree to reconcile the withheld amounts related to 2022 and 2023 tax years as part of the Company completing and submitting its 20226 and 2023 federal and state taxes, with the Company refunding to Executive the difference between the amount withheld and a lower actual amount and Executive paying to Company any amounts in excess of the amount withheld that were advanced by Company on behalf of Executive, if any, once the final tax returns for the 2023 tax year are submitted (which should be on or about April 15, 2024).
Sample 1
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Related to Professional Accounting and Tax Services

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio:

  • Accounting and Tax Matters The General Partner shall keep proper and usual books and records pertaining to the Partnership’s business in accordance with generally accepted accounting principles. The books and records and all files of the Partnership shall be kept at its principal office. The General Partner shall prepare and furnish to the Limited Partners promptly after the close of each fiscal year an unaudited statement, certified by the General Partner, showing the operations of the Partnership for such fiscal year, including a balance sheet and statement of income or loss and changes in financial position for such fiscal year, the balance of each Limited Partner’s Capital Account, the unpaid balance due under all obligations of the Partnership and all other information reasonably requested by any Partner. The Limited Partners, and the authorized agents thereof, shall have the right at all reasonable times to audit, examine and make copies or extracts from the Partnership books of account. Federal, state and local income tax returns of the Partnership shall be prepared and timely filed by the General Partner. Copies of the tax returns shall be furnished to the Limited Partners prior to filing thereof. The General Partner is hereby designated the tax matters partner of the Partnership.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Financial, Accounting, and Administrative Services The Manager shall maintain the existence and records of the Corporation; maintain the registrations and qualifications of Fund Shares under federal and state law; monitor the financial, accounting, and administrative functions of the Fund; maintain liaison with the various agents employed by the Corporation (including the Corporation’s transfer agent, custodian, independent accountants and legal counsel) and assist in the coordination of their activities on behalf of the Fund.

  • Accounting Services The Manager will provide all accounting services customarily required by investment companies, in accordance with the requirements of applicable laws, rules and regulations and with the policies and practices of each Series as communicated to the Manager from time to time, including, but not limited to, the following:

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Accounting Compliance Participant agrees that, if a merger, reorganization, liquidation or other “transaction” as defined in Section 14 of the Plan occurs and Participant is an “affiliate” of the Company or any Affiliate (as defined in applicable legal and accounting principles) at the time of such transaction, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance.

  • Fund Accounting Services GFS may from time to time adopt procedures, or modify its procedures, to implement the terms of this Section. With respect to each Fund, GFS shall provide the following services subject to, and in compliance with, the objectives, policies and limitations set forth in the Trust’s Registration Statement, the Trust’s Agreement and Declaration of Trust, Bylaws, applicable laws and regulations, and resolutions and policies implemented by the Trust’s Board of Trustees (the “Board”):

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

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