Your federal taxes are not the only significant aspect of your overall tax situation. Having an effective strategy for managing State and Local Tax (SALT) is just as important – and your SALT requirements can be much more complex.
If you have customers, employees, or facilities in several states or even multiple municipalities within the same state, your state and local tax situation can be quite complicated:
- In which states do you have a sales or use tax nexus?
- In which states do you have income tax nexus?
- Are your real estate holdings and other assets set up to provide maximum tax advantage?
- How do you streamline and manage your processes to ensure SALT compliance and maximize available tax benefits?
When you turn to Nichols Cauley, we will guide you through the maze of state and local tax compliance requirements while working closely with your team to ensure you have evaluated all available state and local tax benefits.
Why Nichols Cauley?
Nexus Reporting
Reporting requirements for income tax, sales tax, and even employment taxes vary significantly amongst jurisdictions. Nichols Cauley can assist you in evaluating your operations and identifying where your business may have reporting and nexus requirements and can assist you in establishing processes for maintaining compliance in those jurisdictions. Our experience and resources allow us to give you an in-depth analysis of what you can expect in the locations you operate or have employees.
SALT Planning
In connection with your federal income tax structure, your state and local tax activities require strategic thought. Through the planned management of facilities, debt, inventory, sales, and more, your company can realize savings at the state and local levels. Our SALT Team will help identify areas where your company may be able to reduce your business, property, ad valorem, and other tax obligations.
State & Local Tax Credits
The Nichols Cauley SALT Team can evaluate your business and potentially identify tax credit opportunities. Many states offer business tax credits for certain types of hiring or employee retention, employee training, research and development, employee benefits offered and more. Our team is experienced with the various types of credits that can possibly lower your tax liability and benefit your business.
Compliance Support
With requirements that impact every operation from enterprise-level to transaction-level, SALT compliance can be quite involved and complicated. Having an expert partner on your team is critical to ensuring ongoing compliance.
Dispute Resolution
In the event of a tax dispute, our SALT Team will work with you to prepare your response to the state or local revenue agency involved, and provide support throughout the process. We are experienced in resolving matters with state and local agencies and can guide you through the resolution process. We will also help review your internal processes and guide you on changes to prevent future recurrences.
SALT Consulting Services
- Detailed Nexus Reporting
- SALT Planning
- State & Local Tax Credit Maximization
- Compliance Support
Don’t Get Lost Crossing State Lines.
Call Nichols Cauley and Let Us Help You Navigate Your SALT Situation:
Other Nichols Cauley Services
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- man showing a young woman a chart on a clipboard while sitting on a couch Business Advisory Services
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Eight Service Locations, One Firm
With eight service locations across Georgia, you’re never too far from a Nichols Cauley location that stands ready to offer you the full menu of Nichols Cauley services.