Businesses operating in multiple states must navigate and comply with varied and complex state and local taxes imposed on legal entities, their owners, and transactions of products and services.
The pace of change in the state tax world has increased in recent years, thereby altering the landscape in which businesses operate and creating both opportunities and pitfalls. In addition, with every state facing serious financial problems, state departments of revenue are more focused on enforcement.
Business owners who are not aware of their tax obligations may find themselves not just liable for the tax, but may also incur penalties. At Hughes Pittman & Gupton, LLP our State & Local Tax (SALT) resources are committed to staying up-to-date with current tax legislation so we can assist you in determining your tax burden and help you capitalize on tax opportunities.
Areas in Which We Provide SALT Services:
Multi-State Income and Franchise Tax
Sales and Use Tax
Credits and Incentives
Controversy & Audit Representation
Economic Development Incentives and Tax Credits
Filing Methodology Reviews
Managed Audits/Direct Pay Agreements