Tax Services:

State and Local Tax

State and local income taxes have come to represent a significant cost of doing business. Businesses and their owners are subject to a variety of state and local taxes which include taxes based on net income, net worth and gross receipts. State taxing authorities have become very aggressive in the pursuit of additional revenue, especially from out of state businesses. Our tax department has had many years of experience in dealing with the multi-state tax issues and in working with clients to reassess their operations in multiple states to reduce their state tax liabilities.

Our tax department has experience in all areas pertaining to state and local tax, including the following:

• Multi-state tax compliance
• Nexus
• Apportionment vs. allocation
• Business vs. non-business income
• Unitary taxation
• Choosing the appropriate entity in which to do business
• Net operating loss carry forward
• Alternative minimum tax
• Composite returns
• Combined returns
• Holding companies
• Non-resident withholding
• Multi-state corporate tax audits and appeal process
• Personal property tax
• Local tax issues
• Net worth and gross receipt taxes
• Sales and use tax