Tax Services Overview: State and Local (SALT)
Multi-State Nexus Planning – Where a client’s business is located and where
the client actually does business can have a tremendous impact on one’s tax liability.
By analyzing your particular situation, we can determine whether there is a filing
obligation in a state(s) or how much tax is involved.
Registration – When entering a new area to do business, there may be certain
registrations that are necessary in order to legally do business in that state.
We can help with the registration process and keep the client informed of all of
the taxes/fees that may apply to the client.
Preparation – We prepare and review accurate returns for all states with
the appropriate documentation by using the most highly qualified personnel. We work
with the client to provide the relevant information on a timely basis. We provide
expertise in the multi-state tax area.
Research – There are many gray areas of the tax law that, depending on the
facts and circumstances, will have many different answers. Our team of experienced
tax professionals will research the particular tax area with the intent of resolving
and backing up the stated position that will stand up against a governmental objection.
Tax Audit Assistance - States have become more aggressive in going after
multi-state taxpayers. First, we try to avoid audits by managing our clients’ exposure
to taxation in various states. In the event of an audit, we will provide only the
records requested by the auditor and encourage the client to have the auditor meet
with us in our offices so that they do not interrupt the business.
Credits and Incentives – We make clients aware of any tax credits or incentives
in the various states.
Voluntary Disclosure Program – We help clients assess their filing obligations
in various states and identify the best procedure to begin filing in the applicable
states. Many states offer a voluntary disclosure program than can allow the client
to meet his or her filing obligations while minimizing audit risk and reduce or
eliminate penalties.