Today’s state tax environment presents businesses with increasingly complex and demanding challenges. To successfully operate in this setting, it is critical
that organizations fully understand the backdrop against which they operate, effectively address their tax and tax accounting requirements, and properly comply with the myriad of state and local statutory and regulatory responsibilities.
The PricewaterhouseCoopers State and Local Tax Services (SALT) practice is dedicated to helping clients assess their state and local tax burden by recommending solutions that support their overall business objectives and provide support so that their filing positions are consistent with good business practices and with the states’ applicable tax laws and rules. Our practice is structured as a true national network of well respected state and local tax professionals, including many former key state officials. As a national network, we are able to bring the SALT professionals best suited to address our clients’ needs, without regard to geographic location.
Whether you’re undergoing a complicated business restructuring, grappling with the adoption of FASB Interpretation No. 48 or interested in advice on day-to-day developments, our SALT practice is well suited to address your state and local tax needs.
As states continue to change their income tax filing requirements, businesses must stay abreast of and comply with these evolving standards. PricewaterhouseCoopers assists a broad range of companies on income tax matters, including nexus determinations, tax shelter reporting rules, tax controversies, voluntary disclosures, and add-back safe harbors.
We also assist businesses in complying with FASB Interpretation No. 48 by providing advice with regard to the different aspects of identifying, recognizing, measuring and disclosing uncertain tax positions for financial reporting purposes. Our tools allow our professionals to accurately and efficiently assist companies to meet their FIN 48 tax accounting requirements.
In recent years, a number of states have adopted alternative base taxes as a way to raise additional revenue to meet budget needs. Often those taxes, such as the ones adopted in Ohio and Texas, are structured along the line of a gross receipts tax, but are much more complex.
Our SALT professionals have developed a strong understanding of the issues associated with these changes and stay abreast of continuing developments in states that are considering adoption of alternative tax bases. Whether you want to explore the impact of the many complex transitional provisions, require help with compliance related reporting issues, or wish to get involved in the tax policy debate over gross receipts taxes, we have the skills and resources to assist your business.
Our professionals address the subtleties in states’ specific rules regarding calculation of the tax base and explore opportunities to employ approved alternative methods of valuing a company’s capital stock or net worth.
Over the past decade, states have been increasingly aggressive in asserting affiliate nexus, despite the opposing business perspective. The debate continues today. Our sales and use tax practice is directly involved in the current national initiatives regarding nexus rules. Additionally, we have
extensive experience working on sales and use tax audits and examining sales and use tax exclusions and exemptions to determine the full extent of their reach.
Our employment tax practice can help employers identify strengths and weakness in their payroll processes. In addition,
they can work with employers to reduce risks and costs, and improve accountability. Whether you are undergoing business
reorganization or are in need of assistance with developing strategies that provide appropriate allowable employment tax
benefits consistent with state tax policies—we have the experience to meet your employment tax needs.
Our credits and incentives solutions practice can help businesses reduce investment costs and provide the advice
needed to unlock and secure favorable incentives packages. We also help identify tax and non-tax savings opportunities for
past investments, job creation, research, training and other qualified expenditures.
We assist companies in identifying and quantifying property subject to states’ escheat provisions. Our abandoned and
unclaimed property practice professionals have well established relationships with legal counsel who work in this
area and who have experience interpreting the unclaimed property statutes.
