Contract Risk Management

Every business entity has to manage their own combination of risks in order to be successful. Memphis Consulting Group, LLC., understands the crucial role contractual risks have. 

We help businesses identify, assess, and prioritize such risks to ensure proper execution of contracts. The services we provide to combat possible liabilities include contract risk management and compliance.

Contract Risk Management Services:

We assist organizations and companies implement and monitor contracts they have with business partners. We focus on helping companies achieve their profit goals through assuring compliance by their partners and assessing the financial and regulatory impact of the material provisions of relevant agreements. Our services cover tax incentive agreements such as Payments-In-Lieu-of Taxes, software licensing inspections, and revenue-sharing inspections.

Compliance:

We collaborate with organizations, companies, and quasi-governmental entities to achieve and maintain their compliance objectives by addressing the documentation, design, implementation, and maintenance of comprehensive compliance management systems. As a result, we help agencies achieve their transparency and economic development goals.

Let Us Help:

Year-End Business Tax Strategy for Greater Memphis SMB Owners

There are many of our clients for whom this time of year is like their version of the Super Bowl. Some Greater Memphis businesses are earning 30-50% (or more) of their yearly revenue in this one month.Others ... well, this is a normal month -- except of course for all...

Greater Memphis Taxpayers: Dissipated Assets and Their Effect on IRS Debt Repayment

It’s easy for Greater Memphis taxpayers to fall on the wrong side of tax debt when things are tough economically. But what about consistent negligence even when you have the money? Well, that’s another case altogether. And the IRS isn’t prone to playing nice or making...

The Infrastructure Act and Your Greater Memphis Business

Blink, and we're already into December.Which also means… 2022 is right around the corner.Are you ready?The reason I put this so starkly is that you and I have less than 30 days left to make a tangible difference on your taxes (business or personal).For your business...

Jonathan Nyaku’s Thoughts on Being Thankful in Difficulty

“It was the best of times. It was the worst of times.” I think we can agree that Charles Dickens’s famous lines ring true when looking back at 2020 and 2021 (though “best” might seem like a stretch).With employees shifting their worlds to make room for new priorities,...

Greater Memphis Business Owners: Beware the Sales Tax Nexus

If your Greater Memphis business sells a lot online, then we’re coming into the most wonderful time of the year.And this year, your customers will probably shop your website (and elsewhere online) EARLY in order to bypass all those supply-chain snafus. Cha-ching for...

Memphis Consulting Group, LLC’s Rundown of the 5 Basic Business Entity Types

The shape of your business affects your future and when I'm talking about the "shape," I of course am referring to your Greater Memphis business entity type.Did you know that you CAN change that after the fact? Depending on which entity you are switching to, the...

How Greater Memphis Businesses Can Build a Quality Prospect List

How’s your client/customer list faring these days?If you’re like every other business around you, you’ve got some churn happening. People move, change jobs, experience a shift in financial circumstances … the list goes on. Even in predictable economic times (remember...

What You As Greater Memphis Taxpayers Can Do If You Owe the IRS

If you owe the IRS back taxes, you’re most likely going to end up paying every dime.Despite what you hear on radio and TV commercials from sketchy companies, very few Greater Memphis people qualify for the reduced settlement program the IRS offers.Just for the sake of...

Employee Retention Strategies for Proactive Greater Memphis Bosses

Your employees are happy, right? They’re never going to leave you ... right?They’re not looking for another Greater Memphis job ... uh ... right?You know what the answers are: Maybe, wrong, and I sure hope not.Sooner or later, the advantage will swing back to you, the...

How Greater Memphis Businesses Can Raise Prices Without Losing Customers

Are you watching your COGS these days?(I, ahem, hope you know what those letters stand for, because if not ... well, then we should DEFINITELY talk. calendly.com/nyaku )Has it gone up?You're probably not alone given what kind of signals the economy is sending these...

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Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

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