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    Practice Leaders

    State & Local Tax (SALT)

    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.)
    • Pass-Through Entity Filing Review (PTE election analysis compared to nonresident withholding / composite filing)
    • Voluntary Disclosure Agreement (VDA) negotiation
    • M&A Due Diligence (buy or sell side)
    • Related Party Transaction Analysis (transfer pricing, restructuring, modeling, what-if scenarios)
    • Net Operating Loss Management, Preservation and Utilization Study
    • Audit Defense and Administrative Appeals Representation
    • Penalty Abatement Requests
    • Private Letter Ruling Requests
    • ASC 740 Consulting (uncertain state income tax positions analysis and review)
    • State Revenue Agent Report (RAR) Compliance
    • Credits and Incentives Review

    Sales & Use Tax Services may include:

    • Nexus Review
    • Sales Sourcing Analysis
    • Sales Taxability Studies (taxability of sales and/or purchases; matrix development and maintenance)
    • Exemption Review (for both sales and purchases)
    • Voluntary Disclosure Agreement (VDA) negotiation
    • Audit Defense and Administrative Appeals Representation
    • Penalty Abatement Requests
    • Private Letter Ruling Requests
    • M&A Due Diligence (buy or sell side)
    • ASC 450 Consulting (uncertain sales tax positions analysis and review)
    • Credits and Incentives Review
    • Training Sessions

    Personal Property Tax Services may include:

    • Exemptions Review
    • Economic Obsolescence Analysis
    • Functional Obsolescence Analysis
    • Asset Classification Review

    Learn More:

    IRS website

    IRS to Restrict Workarounds for SALT Deduction Cap

    One of the biggest revenue-raisers in the Tax Cuts and Jobs Act (TCJA) is a strict limit on the federal deduction for state and local taxes. The new law caps the state and local tax (SALT) deduction for individuals to…

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    Georgia Musical Tax Credits on my Mind

    Georgia has always been known for exceptional music talent with home-grown artists like James Brown, REM, Jermaine Dupri, Usher, Ludacris, the Allman Brothers and Alan Jackson. Now Georgia is set to become an even bigger venue for music with its…

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    Practice Leaders

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