State and local taxes impact all businesses, regardless of size, industry or entity structure, and are constantly changing (almost daily) due to new legislation, court cases and rulings, or simply a state department of revenue changing their interpretation of current law. Additionally, the lack of uniformity of among the states creates a maze of confusion resulting in the risk of underpaying or overpaying tax.
FD SALT specializes in serving emergent start-up companies, middle market companies, private equity owned companies, and foreign-owned companies so they can adapt to state tax law change and complexity, and achieve their business goals in a state tax-efficient manner.
FD SALT assists companies in identifying and taking advantage of state and local statutory credits and discretionary incentives, and delivers services related to the following tax types: income tax, franchise tax, gross receipts taxes (such as the Ohio Commercial Activities Tax, Washington Business and Occupation Tax, Oregon Corporate Activity Tax, Tennessee Business Tax, Nevada Commerce Tax, Virginia Business, Professional and Occupational License Tax), sales and use tax, personal property tax and real estate transfer tax.
Meet the Partner-in-Charge of State & Local Tax
In this video, Brian Strahle introduces himself and key aspects of FD SALT.
Watch now to learn more
Income Tax, Franchise Tax and Gross Receipts Tax Services may include:
Nexus Review
Sales Sourcing Analysis
Apportionment Review (factor analysis, allocation vs. apportionment; alternative apportionment)
Filing Method Analysis (separate, unitary, combined or consolidated)
Tax Base Review (IRC conformity, unique state modifications, etc.)
On January 24, two Tennessee House Republicans introduced House Bill (HB) 1893. As introduced, HB 1893 deletes the provision requiring that the measure of the franchise tax must not be less than the actual value of the real or tangible property owned or used by a taxpayer in Tennessee.
Learn about multistate income and sales tax issues impacting CFOs, controllers, tax directors, private business owners, PE investors and other tax professionals!
P.L. 86-272, a federal law that many companies rely on to protect them from having to pay a state’s income tax, has been under attack by the Multistate Tax Commission since 2018. Despite these attacks, the law can still offer valuable protection for businesses engaged in interstate commerce.
The Georgia legislature has enacted HB 412, which repeals a limitation on the types of partnerships that can elect to pay income taxes at the entity level to circumvent the federal state and local tax (SALT) deduction limitation. The legislation…
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Privacy Overview
When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.
You can enable or disable our use of cookies per category.
Essential cookies enable you to navigate our Site and use certain features, such as accessing secure areas of our Site and using other features of our service that require us to keep track of certain information as you navigate from page to page. Although some of these cookies are “required” to enable certain functionality, you can disable them in the browser, but doing so will limit your ability to use the features supported by such cookies.
These cookies collect information about how you use our Site, including which pages you go to most often and if they receive error messages from certain pages. These cookies are only used to improve how our Site functions and performs.
From time-to-time, we may engage third parties that track individuals who visit our Site. These third parties may track your use of the Site for purposes of providing us with certain marketing automation features (to help us improve our outreach to current and prospective clients) and providing you with targeted advertisements.