SALT rules are constantly evolving and growing more complex. It's critical for companies to understand the environments in which they operate in order to comply with the overabundance of state and local tax obligations. If SALT and nexus issues are not proactively addressed, businesses face increased look-backs due to the lack of a statute of limitations, as well as potential for penalties and interest.
Eide Bailly's SALT services include nexus studies to determine your liabilities in various jurisdictions. We conduct voluntary disclosure negotiations to limit your look-back and tax exposure. In addition, we use tax audit support, taxability analysis, sales and use tax outsourcing, reverse audits, FIN 48 disclosures, merger and acquisition due diligence and apportionment strategies. Our professionals can help you address your SALT responsibilities on an on-going basis to help avoid penalties, reduce effective tax rates and better integrate your tax strategy with business goals and objectives.
Eide Bailly can help you take a comprehensive approach to managing taxation. We will help you proactively address SALT issues, so you understand how you are currently doing business, and take steps to reduce your exposure and liability, before discovery by states. By working with Eide Bailly's SALT professionals, clients put themselves in a better negotiating position to maximize incentives for job creation, research, training and other qualified expenditures - resulting in potential tax savings.
