STATE TAX ADVICE

Analyze group filings to identify the most effective filing method, evaluating entity eligibility, assessing historical and future impacts, and modeling options to determine the best approach.

Evaluate clients' intracompany relationships to assess if operations are centrally managed, functionally integrated, and achieve economies of scale. Ensuring entities operate in a unitary manner and document findings for audit preparation.

Determine the proper sourcing for  products or services, advising on destination-based (market sourcing) and origination-based (cost of performance) methods. Identifying the most effective approach based on state law applications.

Examine the client’s statutory filing method for accuracy and explore alternative apportionment to achieve a more equitable tax liability. Develop tailored solutions to correct discrepancies and recommend the most effective approach.

Maximize your net operating loss (NOL) carry forwards with expert analysis and tailored strategies to overcome state-specific limitations and increase benefits.

Engage with business operations to understand products or services, gather relevant data on current offerings and future plans. Offering advice on the multi-state taxability landscape and the risks associated with aggressive state and local tax administration.

Provide guidance on the treatment of bundled transactions, advising on the most effective approach for analysis. We evaluate the primary purpose of each transaction to determine its taxability and recommend strategies for unbundling or adjusting accounting methods to minimize tax exposure.

Advise clients on the evolving taxation of digital goods and services, navigating regulatory uncertainties and providing strategies to mitigate tax liability and ensure compliance.

Assist clients in determining their gross receipts, including the nature of the receipts and applicable exemptions. Transactions and accounting methods are analyzed to ensure proper treatment for gross receipts tax purposes.

Clients are advised on the treatment of multi-party transactions for gross receipts tax purposes, especially in determining the correct party to recognize the receipt. We provide strategic advice to navigate complex issues, particularly in the context of evolving marketplaces, and help avoid improper tax incidence.

Guide clients on sourcing receipts for gross receipts tax purposes, especially given the challenges of remote services and limited available guidance. We counsel clients on the best approach to sourcing receipts for determining tax liability.

Counsel clients on industry-specific issues affecting gross receipts calculation, helping them leverage preferential treatments such as rates, exclusions, and exemptions to minimize tax obligations within the law.