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State and Local Tax

(SALT) Services at Tanner

Overview

Currently there are over 12,000 state and local tax jurisdictions across the United States which makes navigating the US tax system a daunting task for businesses of all sizes. With the ever-changing economy, where states are consistently looking to fill revenue gaps with new taxes, you need to be prepared. Often companies may not even realize the extent of their tax exposure—or the liabilities they may have already incurred. 

At Tanner LLC, our dedicated team of SALT professionals bring a wealth of experience and up-to-date knowledge in the complex realm of state and local taxation. We recognize the intricacy of SALT matters and with our comprehensive SALT services, you can streamline your tax processes, mitigate risks, and optimize your tax liabilities while staying compliant with ever-evolving regulations.

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Why Choose Tanner LLC
for SALT Services?

  • Experience: Our team has a proven track record of successfully managing complex SALT issues for businesses across various industries.
  • Tailored Solutions: We understand that each business is unique. Our approach is customized to your specific needs and challenges.
  • Compliance Confidence: With Tanner LLC as your partner, you can have confidence in meeting your SALT obligations and staying compliant with ever-changing regulations.
  • Strategic Insight: Beyond compliance, we offer strategic insights to help you proactively manage your state and local tax liabilities.

When you choose Tanner LLC for State and Local Tax services, you’re choosing a partner dedicated to your success. Let us help you navigate the intricate world of SALT regulations, so you can focus on what matters most: growing your business. Contact us today to learn more about how we can assist you with your SALT needs.

Services We Offer

Nexus Analysis

As you expand your company operations, your physical and economic footprint could expand which could change your sales tax and/or income tax nexus profile. Tanner LLC can help you determine your potential nexus issues by performing a thorough nexus analysis to help you understand where you have tax collection and filing obligations to be in compliance with state and local laws.

Product Taxability Review

There are many nuances to product taxability across state and local taxing jurisdictions. After your company has established its nexus profile, the next step is to determine the sales tax treatment of the products and services you offer to your customers.
Tanner LLC can work with you to determine the correct taxability of the product and services your company sells.
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Voluntary Disclosure Agreements (VDAs)

After your company has determined where nexus has been established nexus and which products and/or services are taxable in those states, there should be a review of its potential tax exposure and how to address the exposure. Many states offer VDA programs which allow taxpayers to voluntary disclose tax liability and in return the state has the ability to limit the look-back period, negotiate resolution, and/or waive penalties.
Tanner LLC can help you with this process by approaching the state and local taxing authorities on an anonymous basis to identify potential outcomes prior to your disclosure. Tanner LLC will work with the taxing authority in negotiating minimizing interest, reducing penalties, and/or shortening the look-back period.

Reverse Sales and Use Tax Refund Projects

Sales tax is often paid on exempt items, either to the supplier or to the state, where a legal exemption is available. A few examples of industries with exemption opportunities include manufacturing, research and development; and medical devices. Reverse sales and use tax refund projects are a way to find any potential overpayments of sales and use tax.  The project will include securing sales tax refunds and working with your company to find approaches to address the issues which caused the overpayment.
Tanner LLC can help you by performing a review of your purchases to find potential refunds of sales and use taxes.

SALT Compliance and Reporting

Ensuring compliance with state and local tax regulations is essential to avoid penalties and keep your company in healthy financial standing.
Tanner LLC will work closely with you to prepare accurate and timely SALT registrations and filings, to keep you on track with your state and local tax obligations.

Due Diligence

Due diligence is the process of recognizing and examining the risk associated with acquiring a business or selling a business. State and local tax risk should be a key part of that analysis. Businesses should take into consideration all the different types of state and local taxes when doing due diligence such as property taxes; sales and use taxes; gross receipts taxes; income taxes; and franchise taxes.
Tanner LLC can work with you to review each of these tax types and the history of compliance to create a complete picture before buying or selling a business.

Audit Support and Representation

In the event your company is subject of a SALT audit, having experienced representation can make all the difference.
Tanner LLC will stand by your side, supplying detailed audit support and expert representation to help you navigate the audit process effectively and efficiently.

Are you ready to get started?

Begin your journey with Tanner today!

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Why Choose Tanner?

With Tanner, you gain access to:

  • Extensive Experience

    With decades of experience in public accounting and IT assurance, our senior team members have successfully served a diverse clientele, ranging from Fortune 10 companies to the three-person startups. By partnering with us, you can rest assured that your business will benefit from our extensive experience, tailored specifically to you.

  • Trusted Advisors

    We are neither robo auditors nor box checkers! We actually take the time to understand your business, processes, and control environment. We provide proactive consultation, comprehensive resources, and tailored education to ensure your readiness for audits and certifications. We empower your organization to make informed decisions and enhance your security and compliance posture. We are committed to not just being your auditor but being a trusted business advisor and value enabler through your compliance journeys.

  • Tailored Solutions

    We offer a comprehensive suite of services to meet your data security, compliance, and risk management needs. Our tailored solutions ensure that you receive the right level of support and guidance.

  • Industry Best Practices

    Experience the assurance of our comprehensive assessments and audits, where we leverage industry-accepted methodologies, proven frameworks, and best practices to drive excellence.

  • Commitment to Excellence

    We are dedicated to delivering you the highest standards of quality, professionalism, and integrity in all our engagements. We take pride in building long-term relationships with clients, creating trust in our team through our commitment to your success.