Do you pay more in state & local taxes than federal?

Many multi-state companies do.  Yet tax planning emphasis is often placed on methods for reducing federal tax while opportunities to reduce state and local taxes may be overlooked.  To optimize your state tax savings, the Plante & Moran SALT team will conduct a complete review of your business structure, operations and activities.  By developing a more tax efficient structure or filing position, you could achieve significant savings that could be used for future expansion or dropped straight to the bottom line.  To help your business thrive across state lines, we offer the following services:

Multi-state tax planning

This includes a complete review of your business structure and operations in order to find ways to minimize your tax obligations through refund opportunities, current filing positions, and possibly entity structuring. 

Review of allocation and apportionment factors

This review involves determining whether apportionment factor strategies are available to your company that reduce the amount of income or tax base subjected to tax.  We can help reduce your state tax base with efficient planning and our knowledge of the various states’ apportionment formulas. 

Analysis of issues to avoid or create a nexus in other states

This analysis helps to identify your company’s normal business activities and their alignment with the nexus standards of the states where you conduct business.  With your operational and strategic business plans in mind, we recommend which states to create a nexus in, and which ones to avoid. 

Negotiation of voluntary compliance agreements with applicable taxing jurisdictions

As your representative, the Plante & Moran SALT team will negotiate compliance agreements on your behalf with all state and local governments to minimize or eliminate past tax obligations and potential penalties. 

Compliance outsourcing

Tailored to your specific needs, compliance outsourcing services range from pre-filing return reviews to total outsourcing of your compliance process, including information gathering and responses to tax authority inquiries.  In addition, compliance outsourcing can free up your staff from preparing the tens to hundreds of amended state and local returns required as a result of Federal audit RAR adjustments.