Gain Every Advantage
Keeping up with ever-changing state and local tax laws across the country is becoming increasingly complex, especially as jurisdictions engage in more enforcement and litigation strategies.
KSM’s State & Local Tax Group is made up of professionals with the experience to guide you in the right direction. We have assisted companies with every facet of compliance and consulting, including performing complex restructurings, nexus studies, refund studies, voluntary disclosure, restructurings, audit defense, training, and more. What’s more, we leverage our relationships with state and local departments of revenue, chambers, and other entities to advocate for our clients.
Our State & Local Tax Group features significant experience in the following areas:
Sales and Use Tax
Many companies’ largest tax liability falls within sales and use tax. Our state and local tax professionals proactively manage exposure and help lower the cost of doing business in multiple states. We help develop a strategic plan to find exemptions and optimize savings. Additionally, if a company has not previously been in compliance, our team will work to help minimize exposure, including pursuing voluntary disclosure agreements.
Between state tax authorities putting more pressure on companies via audits and reporting requirements continuing to change, it is a challenge for companies to keep income taxes to a minimum. We have extensive experience with all facets of income tax, helping companies minimize their tax burden while simultaneously staying compliant with all state and local jurisdictions.
Strategic State Tax Review
Evaluating a company’s state tax position is an increasingly important and often neglected component of cash management. Companies operating in multiple state and local tax jurisdictions face complex – and often conflicting – tax provisions. Through a strategic state tax review, KSM utilizes its experience in all 50 states to evaluate a company’s tax profile and find previously undiscovered savings opportunities.
Economic Incentives Consulting and Location Advisory
KSM Location Advisors, part of the Katz, Sapper & Miller network, works closely with companies across the country to maximize state and local incentive packages and make fully informed, data-driven location decisions. Our professionals leverage their knowledge and contacts to obtain the best location and incentives package for their clients. They also work alongside companies over the course of the project to ensure compliance, helping those companies realize the full financial benefits of their incentives package.
Managing real and personal property taxes becomes increasingly difficult as a company expands into more jurisdictions, each with different rates and assessment practices. Our property tax professionals assist companies in every facet of property tax compliance and consulting, including property valuation, assessment challenges and negotiations, compliance solutions, audit defense, and fixed asset analysis. We use this experience to help you minimize exposure and identify refund opportunities in any jurisdiction.
Our relationships with key decision-making personnel in multiple states help reduce look-back periods and minimize penalties and interest for companies coming into compliance. During audits, these relationships, plus our in-depth experience with unclaimed property, help us identify methods to reduce your assessment. And our technical knowledge about unclaimed property can improve the way you file reports now.
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