When it comes to taxes, “state and local” doesn’t mean small and simple. State and local tax codes can be obscure, complex and anything but uniform. So it’s easy to overlook obligations or to miss subtleties that could work in your favor. Tax-hungry states and cities are now more aggressive and their ability to share information can be sophisticated. We have programs to help and knowledge of every state’s tax laws.
Our SALT practice consists of a team of national and local professionals who work exclusively in the area of multi-state tax. Our State Tax Analysis and Resolution (STAR) will help you identify your multi-state tax activities and understand how those activities impact your multi-state tax obligations and serve as a tool. STAR provides a road map to help you resolve issues and formulate practical planning strategies to help companies reduce any state tax costs. Additionally, we have national expertise in reverse sales tax audits to claim overpayments of sales taxes.
State Tax Analysis & Resolution (STAR)
In today’s ever-changing environment, companies are seeing rapid growth and expansion of their marketplace. It is common to find many companies venturing into new states to sell their products/services. Because of this rapid growth, companies may not have considered the activities of their employees and independent contractors in all of the states they operate. As a result, these companies may also not be aware of the state tax consequences associated with these activities.
STAR will help you identify your multi-state tax activities and understand how those activities impact your multi-state tax obligations. The STAR is a tool to identify your company’s Nexus exposures and compute estimated state tax costs. STAR provides a road map to help you resolve issues and formulate practical planning strategies to help your company reduce any identified state tax costs.
State Tax Analysis and Resolution Deliverables:
- Weighted Nexus Risk Scores Per State – Income/Franchise Tax (ranked)
- Estimated Income/Franchise Tax Calculation by State
- Income Tax Liability vs. Nexus Score Matrix
- Weighted Nexus Risk Scores Per State – Sales/Use Tax Computation by State
- Sales/Use Tax Liability vs. Nexus Score Matrix
- Written report