US Federal and State Income Taxes

Our Federal and State Tax division offers full service tax planning, compliance, and review through outsourcing or co-sourcing relationships.

Federal and multi-state compliance (return preparation, electronic filing, estimated payments, extensions): 

Changes and lack of uniformity in federal versus state and local income and franchise tax laws can lead to higher costs for companies doing business in multiple locations. Our tax professionals can manage the issues of nexus, apportionment, tax base, income classification and filing options. We prepare and file returns in each applicable taxing jurisdiction and utilize electronic filing where available. Included in this service is the preparation and filing of estimated payments and extensions.

Tax credits and incentives research: 

Both federal and state governments offer a wide variety of tax credits and incentives. Our tax professionals can review your expenditures for deduction and credit purposes. We can be involved in the planning process to ensure that your company has the information necessary to make wise business decisions in order to take advantage of credits or incentives in the future.

Income and franchise tax planning and consulting: 

Our tax professionals can help identify opportunities and mitigate exposure through successful tax planning. When involved early in the planning and tax provision preparation, we can provide insight, especially as tax laws change, into your planning approach. We can help you evaluate and select options best suited to your company’s needs.

Audit management

Coupled with or separate from our compliance practice for income tax, our tax professionals offer representation before the taxing jurisdictions in the event of an audit or notice issued. We are there from the start to guide your company through the complexities of the audit process. We ensure any overpayments are recognized and recovered. We serve as the direct liaison between your company and the auditor, keeping you informed while taking care of all of the paperwork, auditor interaction, and deadlines that accompany an audit. 

Relocation and expansion consulting: 

Many jurisdictions are eager to offer tax benefits or incentives for relocating or expanding a facility in their area, as it creates jobs and provides other benefits to the local economy. Our tax professionals can assist in evaluating locations and incentive offers to forecast and compare expected savings based on the facts at hand and can be involved in the planning process to ensure that your company has the information necessary to make wise business decisions in order to take advantage of credits or incentives in the future.

Compliance and opportunity reviews: 

Companies using in-house support for their tax analysis, preparation, and filing may desire an outside assessment to identify out of compliance or overpayment situations and savings opportunities. Our tax professionals can review your tax processes and returns to highlight such areas and work with you to develop and implement a process improvement plan.

Exempt organization tax compliance: 

Exempt organizations are required to comply with federal and state exempt organization tax laws, including section 501(c)(3) of the Internal Revenue Code. Our tax professionals can assist your organization in understanding these laws and file your annual IRS form 990.

Tax budgeting and accounting (reconciliation): 

Developing an accurate projection of your annual tax liability is important for budgeting as well as avoiding penalties of short-paying estimated payments throughout the year. Our tax professionals can assist in the budgeting process as well as provide reconciliations of the tax accounts used.

Fixed asset reviews: 

Our tax professionals can review your corporation’s fixed assets to help you effectively manage cost recovery and capitalization benefits including depreciation calculations for both federal and state taxes.

Coupled with or separate from our compliance practice for federal, state and local income and franchise tax, our tax professionals offer representation before the same taxing jurisdictions in the event of an audit or notice issued.

 

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