State and Local Tax Planning

We believe all of our clients deserve a high degree of timely and creative tax planning. Our philosophy is to work closely with you to understand your objectives and identify and help implement cost-saving opportunities. That means understanding the various laws and regulations in every state where your business operates.

Out state and local tax services include:

Tax Compliance: We offer a comprehensive review of state and local tax liabilities and filing methodologies, and we will assist in preparing all necessary returns. In the process, we will identify strategies for minimizing your tax burden and identify refund opportunities while maintaining compliance with all filing requirements. If necessary, we will represent you before various tax authorities.

• Nexus Reviews: We will identify the states and localities for which compliance is needed, then implement a compliance plan, including negotiating settlement agreements that are designed to minimize the liability and tax years required to be made compliant.
• Apportionment Reviews: We will identify the appropriate method for apportioning income between the various states where you do business and advise you when a strategic change to one of the apportionment factors could reduce your tax burden.

Tax Credits and Incentives: We are well-versed in utilizing the tax credits and incentives offered in Ohio, Kentucky and local municipalities, and we remain abreast of all regulatory and legislative changes to them. Through our affiliation with PKF North America, we frequently tap colleagues who have similar experience and expertise with other states’ credits and incentives. We will provide an overview of opportunities based on discussions with you, then secure the eligible benefits.

Property Tax: Real and tangible property tax comprise a significant portion of many businesses’ state and local tax liability. We will review your assets, assist you in establishing the appropriate value of each, and advise you of strategies to reduce your property tax liability.

Sales and Use Tax: We will advise on executory contracts to provide products and services, as well as sales tax refund claims for applicable systems purchases. We also will design procedures for certifying purchase and sale exemptions, and design procedures for the proper completion and filing of returns and payment of tax.

Voluntary Disclosure Agreements: We will keep abreast of instances where our clients could benefit from a voluntary disclosure of past tax liabilities, and we will assist in filing the required documentation to satisfy the agreement.