SALT

Services for Your Business: Navigating State and Local Tax Complexity.

Overview

With over 12,000 state and local tax jurisdictions across the United States, managing your business’s tax obligations can be overwhelming. The dynamic nature of the economy means states are frequently introducing new taxes to bridge revenue gaps, adding another layer of complexity to an already intricate system. Many businesses may not fully grasp the extent of their state tax exposure or the liabilities they’ve already incurred.

Expertise

Our team of seasoned SALT CPAs specializes in guiding businesses through the labyrinth of state and local taxes. We understand the importance of staying abreast of recent tax policy changes, such as the SALT deduction cap, and how they impact federal income tax returns. Whether it’s income taxes, local taxes, property taxes, or sales taxes, we provide comprehensive expertise to ensure you maximize benefits while remaining compliant with tax laws. Our tailored solutions address your unique needs, whether you operate in a high-tax state or face complex tax situations.
We handle the intricacies of SALT deductions, federal income tax implications, and potential conflicts arising from taxes paid in different jurisdictions. Our goal is to optimize your financial position and provide peace of mind regarding state and local tax matters.

Custom-Tailored Solutions by Experienced Tax Experts

At MillerMusmar CPAs, we conduct thorough state and local tax research to deliver customized solutions tailored to your business requirements. Our professionals stay informed about state law changes, providing you with the insights needed to navigate potential future concerns effectively.

Multistate Taxation and Nexus

Expanding your company’s operations may trigger changes in your sales tax and income tax nexus profile. We help identify potential nexus issues through comprehensive nexus analyses, ensuring compliance with state and local laws. With each state having different regulations, our experts assist in determining nexus and its impact on income and sales taxes.
We conduct nexus studies, assist with compliance issues, and work with states as your business expands.

SALT Services

• Our comprehensive SALT services include:
• Apportionment Assistance
• Exemption Certificate Consulting
• Income/Franchise Tax Returns and Gross Receipts
• Income/Franchise Nexus Studies
• Property Tax
• Registration Assistance
• Sales/Use Tax Returns
• Sales Tax Nexus Studies
• Site Selection with Tax Credits/Incentives Comparative Analysis
• State Income Tax Return Review
• State Inquiry/Notice Response Assistance
• State Registration Assistance
• Taxability Studies
• Unclaimed Property Compliance
• Voluntary Disclosure Agreements (VDAs)

In cases where potential tax exposure is identified, we assist businesses in navigating Voluntary Disclosure Amnesty programs offered by many states. Our team works with state and local taxing authorities to negotiate favorable outcomes, minimizing interest, penalties, and look-back periods.