State & Local Tax

State and local taxes (SALT) refer to the diverse array of taxes imposed by state, county, and municipal governments. In an increasingly borderless economy, where businesses often have employees, inventory, or customers in multiple states, understanding where you owe tax is more complicated than ever.

SALT isn’t just about income tax. It encompasses sales and use tax, property tax, gross receipts tax, and franchise tax. As states aggressively seek new revenue streams and modernize their laws (like the Wayfair decision regarding economic nexus), the risk of unintentional non-compliance has skyrocketed. Effective SALT management is essential to avoid costly surprises, audits, and penalties that can erode your bottom line.

Key Benefits of SALT Services

Proactive management of your state and local tax obligations does more than keep you compliant; it protects your profitability.

• Risk Reduction: Identify and resolve exposure issues before they become audit liabilities. We help you understand exactly where you have a filing obligation.
• Cost Savings: Uncover overpayments and identify exemptions you may have missed. We review your activities to ensure you aren’t paying tax where you don’t need to.
• Operational Clarity: Gain a clear understanding of the tax implications of your business decisions, such as hiring remote employees or opening a new distribution center.
• Audit Defense: If the state comes calling, you have a team of experts ready to defend your position and negotiate on your behalf.