berkowitz pollack brant advisors and accountants

State and Local Tax Consulting

Credits and Incentives Consulting

Almost every state offers some level of incentives, credits, exemptions and special tax considerations for new, expanding or relocating businesses. There are also hundreds of local empowerment zones, property tax abatements, green building incentives and foreign trade zone credits. We use all of this information to assist companies in transition or expansion mode to make the most tax-beneficial choices.

State and Local Tax Issues for Multi-State Entities

Individuals and companies with operations in multiple states face a complex tax environment. With careful planning, the overall tax burden can be managed.

Our professionals have experience handling the challenges of a multi-state operation. They know the questions to ask, the advice to provide and the traps to watch for in tailoring multi-state plans. Their guidance is especially helpful for companies in pre-expansion phases. A thoughtful conversation before expansion can help ensure that the eventual tax burden does not outweigh the opportunity.

Nexus Analysis and Voluntary Disclosure

Specific business activities may result in nexus for income tax, sales and use tax, and other corporate taxes. Each state has different rules and the substantive nexus definition used by courts is subject to debate. Our firm uses deep knowledge of individual state rules to provide proactive advice. In some cases, the state’s voluntary disclosure and amnesty provisions are useful tools.

Other services include:

  • Apportionment reviews
  • Compliance
  • Dispute resolution
  • Credit and incentive review
  • Mergers and acquisitions
  • Restructuring and tax planning
  • Sales, use and excise tax
  • Indirect tax compliance
  • State tax audit and mitigation of audit assessments

 

 

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