To stay competitive in today’s marketplace, many companies conduct business across state lines. It’s not unusual for companies of all sizes to have customers, vendors, and employees in multiple states. Unfortunately, these economic activities trigger tax reporting requirements that most are simply unaware of. This creates a significant liability, especially when such violations span several years undetected. In addition, many states have stepped up their enforcement actions due to budget shortfalls, catching many by surprise.
Whether your company needs assistance with planning due to expansion or assistance with state tax audit defense, our firm is here to help. We work with companies on a number of tax matters including nexus determination, franchise and income tax assessment, identification of sales and use tax issues and guidance with transactional tax matters.