State & Local Tax (SALT)
As companies like yours begin to expand, grow, or relocate, they can experience complicated state and local tax issues—issues that could have a serious impact on revenue streams. Choosing an advisor who can effectively negotiate the potentially hazardous waters of your state and local tax (SALT) should be a primary consideration of your business plan.
At LGT, our experienced and focused SALT specialists will navigate the oftentimes complicated multi-state tax laws, allowing you to maintain your competitive market edge. We offer years of experience in the SALT arena:
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Review your organizational structure to identify opportunities to minimize state income and franchise taxes
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Prepare a nexus study to identify and minimize your income and sales tax filing responsibilities
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Determine proper sales tax treatment of various products and services
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Assist in audit defense and other controversy matters
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Identify relevant sales tax exemptions
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Maximize and negotiate available state and local credits and incentives
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Minimize property taxes on real property and business personal property
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Prepare voluntary disclosure agreements to minimize any potential exposure in jurisdictions where you may not be in proper compliance