State Tax Nexus Study
What is a Nexus Study? - State Audit Defense
It is difficult to understand Federal tax law; harder still to make sense of all the different state tax laws. State taxes include not only income tax, but also sales and use tax, franchise tax, property tax, etc. At Warren Averett, we have developed a process called a “nexus study” to determine in which states you should or should not be filing all the different types of state taxes. Nexus is defined as the “minimum amount of contact a company must have with a state to owe collection and remission of tax." Quite often, companies have nexus for sales and use tax, and do not have nexus for income tax. Our study helps clients identify these states and help qualify and quantify potential exposure of these taxes. After determining “nexus”, we are skilled in helping our clients determine the best way to handle each specific situation. Whether you are a new company, growing company, or a downsizing company, a nexus review can save you money and a great deal of time if done annually. The fee for the study depends on how many states are reviewed and the complexity of the issues in each state. State Tax Nexus Study
Recovery - State Audit Defense
Our team includes experienced staff who will liaise with your suppliers to sensitively recover duplicate payments. We would ordinarily operate as a division of your organisation i.e. internal audit, purchase audit etc. maximising responses and recoveries on your behalf. At all times we will ensure your relationship with suppliers is not disturbed. State Tax Nexus Study After three months, a round-up review will be undertaken to consider reasons for any significant duplicate payments which have not been recovered. Thereafter, we will produce a final report summarising our findings, including duplicate payments identified and recovered, together with other useful data to provide you with other cost-cutting opportunities.
State Tax Nexus Study - State Audit Defense
SMART TAX USA - STATE AND LOCAL TAX CONSULTANTS
11816 Inwood Road
Suite 148
Dallas, Texas 75244
Main: 214-500-7056
972-865-6824
F 866-539-7906
State Audit Defense
• State Tax Audit Defense
• State Manufacturing Exemptions
• Reverse Audits
More than 5,000 U.S. jurisdictions have changed their sales and use tax legislation in the last decade. SMART TAX USA determines how these law changes provide additional exemptions, credits and tax incentives for your company.
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State Courts are constantly interpreting sales tax laws and regulations. SMART TAX USA deciphers these complex laws and regulations to maximize cost saving benefits.
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In today’s economy many states are adding additional tax exemptions, credits and tax incentives to create job growth within the manufacturing and industrial spectrum. SMART TAX USA specialized, comprehensive analysis can determine how these new exemptions directly affect your business and could result in a reduction of current and future tax liabilities providing significant tax savings for your business!
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Profit Recovery with Reverse Audits - Refunds Now - Future Savings. 90% of our audits result in an instant refund and most importantly, significant future savings
CONTACT US: State Audit Defense
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