State and
       Local Tax

State and Local Tax Minimization

We are dedicated to investing the necessary time to stay informed about any changes in your operations, activities, or business strategy. This enables us to adapt our tax strategy accordingly to achieve the most tax-efficient results. Our collaboration with your team will ensure compliance while minimizing state tax exposure and risk.

State and Local Tax Nexus

Our state nexus study will analyze the activities performed by your company to identify any that might create a filing responsibility (nexus) in a state or locality for various taxes, such as income tax, franchise/net worth tax, gross receipts tax, or sales/use tax. By reviewing the new nexus provisions enacted by many states, we will alert you to any unknown state taxes and help minimize potential penalties for prior years through amnesty or voluntary disclosure agreements.

State and Local Tax Reporting and Planning

State and local tax reporting and planning is a critical area of focus, as state and local governments seek additional revenue sources without raising tax rates. Increased enforcement efforts elevate the risk of exposure and audits for companies with nexus-creating activities. Our approach targets:

• State and local income/franchise tax
• Gross receipts tax (e.g., Ohio CAT, Washington B&O)
• Sales/use tax
• Personal property tax

We will provide a detailed report to management on our findings and recommendations for improved prospective compliance, exposure mitigation, and potential refund recovery. Following our discussions, we can help you formalize the next steps, which may include additional state registrations and/or participation in Voluntary Disclosure or Amnesty Programs.

Income Tax and Indirect Tax Planning

Our comprehensive state income tax planning involves detailed reviews and analyses of apportionment and sourcing positions to identify favorable methods. We routinely review state tax credits to ensure your company maximizes all available benefits. State tax authorities are increasingly focused on enforcing indirect taxes, including sales and use, gross receipts, and property taxes. Our services that add value in these areas include:

• Due diligence reviews
• Compliance and consulting for procedures, such as exemption certificate management
• Audit assistance
• Voluntary disclosure agreements and amnesty negotiations

Indirect Tax Services (Sales and Use)

Indirect taxes, which include sales and use, gross receipts, and property taxes, often receive little attention but can represent a significant portion of your company’s overall tax burden. Ensuring the correct payment and management of exemptions is crucial. If the indirect tax function is not properly managed, opportunities for exemptions can be missed, and underpayments can occur due to changes in state tax laws. Our services include:

• Refund recovery reviews
• Due diligence reviews
• Compliance and consulting for procedures, such as exemption certificate management
• Audit assistance
• Voluntary disclosure agreements and amnesty negotiations

The potential benefits of an indirect tax review are substantial, including tax refunds, risk reduction, and improved compliance. By leveraging our expertise in state and local tax minimization, nexus analysis, and indirect tax services, we aim to ensure your company remains compliant while minimizing tax exposure and maximizing benefits.

M&A Due Diligence and Transaction Support

Our transaction advisory services offer a comprehensive approach of identifying potential tax liabilities, structuring transactions to minimize the tax burden, and conducting nexus analyses, as well as post-acquisition integration support that helps your businesses like yours navigate the complexities of state and local taxation during mergers and acquisitions.

Tax Controversy

When your business faces state and local tax controversies, expertise in tax laws, audit representation, protest preparation, appeals, settlement negotiations, and litigation support can help you your business navigate these disputes effectively to minimize financial and operational burdens.

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