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.
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.
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.
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.
Other multi-state tax services include assistance in matters of abandoned property / unclaimed property, property tax, payroll and unemployment tax, and credits / incentives.