State and local tax (SALT) issues are complicated. Laws and regulations that determine the amount of state and local tax that your business is required to pay are constantly changing. On our team, Honkamp Krueger has CPAs who specialize in state and local tax and constantly keep current on the changes.
Several ways we can help you:
Identify your potential refunds
Exemptions are available that reduce sales and use tax. If you are not aware of these, you can not use them to your advantage. Our sales tax professionals will review your records for the exemptions your business deserves.
Minimize your potential exposure
Many states with budgets impacted by the current economy are becoming more aggressive in enforcing current nexus and state tax laws. As a result, states are increasing their efforts in collecting more sales tax from businesses. Will your business be one of them?
If you are selected for a sales tax audit, do you know your exposure? There is a good chance you have exposure and do not even know it. We can help. We will advise you on how to organize your business to limit your exposure to sales tax. Our sales tax experts can review your records and identify your risks of exposure. If you are chosen for an examination, we can represent your interest against any potential assessments imposed by the Department of Revenue.
Represent you during a tax examination
Have you already been selected for a sales tax audit? If your state’s department of revenue has already assessed you for past sales tax, we can help you. We can represent you during your examination.
Stay up-to-date on SALT and other tax news by visiting our blog.