State & Local Tax (SALT) Services

In today’s business environment there is one thing for certain – change is inevitable. With literally thousands of state and local taxing jurisdictions, coupled with budget shortfalls, these changes will continue to add complexity and pose new challenges for businesses operating in a multistate environment.

As state and local government agencies continue to step up their audit activities, taxpayers are faced with interpreting confusing and often conflicting tax provisions that, if not handled correctly, may result in the underpayment or overpayment of taxes and the risk of penalties and interest.

The Cherry, Bekaert & Holland, L.L.P. (CB&H) State and Local Tax (SALT) Services Group is comprised of professionals across our 20+ offices with extensive experience in dealing with multistate tax complexities. Our team is dedicated to monitoring significant changes in the multistate tax environment that impact your business. We provide consulting services that include the following areas:

• Income/Franchise Tax
• Gross Receipts/Margin Tax
• Sales & Use Tax
• Business Credits & Incentives
• Personal Property Tax
• Payroll and Unemployment Tax
• Unclaimed Property

The CB&H approach includes obtaining comprehensive knowledge of your business operations and objectives and navigating through the myriad of state tax rules to reach appropriate solutions. Filing positions should always be aligned with business objectives and are required to be consistent with states applicable tax statutes and regulations.

Whether you have experienced significant business change, suspect you haven’t taken advantage of state inducements you are entitled to, or need to identify and address outstanding exposure, our consulting services will provide the guidance you need. Our SALT consulting services include:

• Cash recovery services – Review of past transactions and filing positions for refund opportunities

• Strategic planning – Structuring alternatives, transaction planning, mergers and acquisitions, negotiated incentives

• Nexus consulting – Constitutional protections, exposure quantification, voluntary disclosure and amnesty opportunities

• Compliance services – Outsourcing services, FIN 48 analysis, reporting positions and elections, allocation and apportionment issues

• Audit advisory & dispute resolution – Audit representation, managed audits, negotiated settlements and litigation support