Andersen Tax

State & Local Taxation Compliance & Planning

State and local taxes (SALT) can significantly impact cash flow and the after-tax return to business owners. Strategic management of state and local taxes is an important consideration in achieving business owners’ financial objectives. In addition, if not managed properly, state and local tax examinations can result in considerable disruption and penalty exposure. Our SALT team can assist you in analyzing this complex area of taxation for permanent and recurring savings, while effectively managing your audit and penalty risk.

Andersen Tax can provide you and your business with help in all areas of state and local taxation including:

  • Individual taxes such as residency issues and tax controversy representation
  • State/local tax aspects of transactions (e.g., acquisitions/dispositions, restructurings) while considering matters such as potential tax exposure, risk-mitigation strategies and the tax treatment of large purchases/sales
  • Internal tax accounting processes as related to state/local taxes such as accounting for income taxes, uncertain tax positions and disclosures in financial statements
  • Development and implementation of prospective tax planning strategies, including structural (form-of-entity) and non-structural alternatives
  • Identification and pursuit of refund opportunities for income, franchise and indirect taxes (e.g., sales and use tax, value-added tax, excise tax)
  • Credit/incentive services including identification, negotiation and development of compliance processes to maximize credits, grants and other incentives
  • State/local tax controversies, frequently involving nexus studies, tax rulings, voluntary disclosure or amnesty programs
  • Compliance services, including income/franchise, sales/use and miscellaneous filings (e.g., unclaimed property, annual reports, registrations)
  • Review of state/local tax processes and automation facilities to streamline internal compliance processes
  • Evaluating whether it is better to file composite returns for business than to have individual owners file in multiple jurisdictions
  • Representation and support in federal or state tax audits
  • Multistate individual taxation including residency issues, income-sourcing, and minimization of state and local taxes