State & Local Taxation

Financial objectives can be achieved through strategic management of state and local taxes. Our SALT team will assist you in leveraging this complex area of taxation for permanent, recurring savings, while ensuring you effectively manage your audit risk.

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With the economy in one of the worst downturns in history, state governments have begun to face the stark realities of the recession... more

WTAS can provide your business with help in all areas of state and local taxation (SALT) including:

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 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