Planning a significant business change? Don’t forget the sales and use tax implications. Even if you’re not planning changes, are you sure of the sales and use tax rules that apply to your current activities?
Companies generally prepare for important transactions, such as mergers, spin-offs, and asset sales, by investigating the income tax consequences in advance. However, they often forget about possible sales and use tax implications, which can result in large and unexpected liabilities.
If you’re uneasy about the possible sales and use tax consequences of any present or proposed business activity, we’ll investigate and report on your best alternatives. Our experts will review your procedures, explain the applicable rules, provide written explanations, and recommend ways to lower your exposure and minimize your liability.
If your company does business in more than one state, it may have additional sales and use tax exposure.
Sales and use tax laws and regulations are full of surprises, particularly in certain industries. If your company does business in more than one state, those surprises can multiply. You may even be doing business in another state without realizing it, to the extent that you need to register and report that state’s taxes.
Here’s where we can help. A consultant will review your company’s operation for potential nexus issues before an outside state contacts you, and we’ll help you develop strategies to minimize your exposure. If you’ve already received a state’s nexus questionnaire, we’ll help you prepare a truthful response that will put your company in the best possible position. If a liability is asserted, our company will negotiate with the state and fight to minimize the assessment.
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“I am writing you this letter to acknowledge your work in helping my company prepare for the future in dealing with the…Sales and Use Tax code. Rarely in my professional life have I had the pleasure to work with so qualified and responsive a team of consultants.” |