State and Local Tax
At CB Smith & Associates we recognize that multi-state
taxation is always shifting and is complex. States and municipalities
aggressively seek to cover budget shortfalls. Nationwide legislative changes,
expanded information sharing among states and the IRS, and increasingly
sophisticated governmental auditors make ongoing tax compliance challenging. Our
professionals offer a line of multi-state services designed to minimize and
control your state and local tax liabilities.
Tax Nexus Review and Voluntary Disclosure
CB Smith & Associates can review your business
activities and assess your need to file in certain states and municipalities.
Our professionals can help you determine non-compliance situations, quantify
tax-exposure and evaluate options. We can assist you in formulating or pursuing
a voluntary disclosure program to minimize prior period tax liabilities and
associated penalties and interest.
Tax Compliance
Our tax experts assist and support clients from simple
questions to resolving highly technical issues. This improves the accuracy of
your returns and reduces errors. We can provide compliance help in the form of
pre-filing reviews or full outsourcing of the compliance process.
Tax Planning
Almost every decision has tax consequences. At CB Smith
& Associates, we consider the tax return to be the end product of advanced
planning with our client. We find that being actively involved early in
transaction planning yields the best results. The planning process is most
effective when we work with you to understand your objectives and help
formulate your action plans. We take a proactive approach to place our clients
in the best position to take advantage of tax planning opportunities.
Audit Defenses
We can provide audit advocacy and tax appeal representation
services involving all state and local taxes. The accuracy and timeliness of
your responses can be critical; CB Smith & Associates can help you develop
procedures for responding to information requests, prepare necessary audit
schedules and required substantiation, negotiate with the states as to
liability calculation, and seek closing arguments.
Sales and Use Tax
CB Smith & Associates offers extensive experience with
the requirements and specific challenges of multi-state filings. We perform
review and analysis of sales and use tax consequences with respect to proposed
transactions and changes to business operations. We assist with implications of
your business plans as they relate to new operations. We use innovative and
proven methods of reviewing current compliance reporting formats and seek
opportunities to assess and minimize exposures.
Miscellaneous Services
Other multi-state tax services include assistance in matters
of abandoned property / unclaimed property, property tax, payroll and
unemployment tax, and credits / incentives.
