State and local taxation
WTAS can provide your business with help in all areas of state and local taxation (SALT), including:
"Financial objectives can be achieved through strategic management of state and local taxes. Our SALT services can
help leverage this complex area of taxation for permanent, recurring savings, while helping effectively manage your
audit risk."
- Individual taxes, such as residency issues and tax controversy representation
- State/local tax aspects of transactions (e.g., acquisitions/dispositions, restructurings), considering matters such as potential tax exposure; risk-mitigation strategy, and tax treatment of large purchases/sales
- Internal tax accounting processes as related to state/local taxes, such as FAS 109, FIN 48, FAS 5, 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