Distributing your business income among states can be challenging. Determining the best method to distribute your business among the states in which you do business can help minimize and/or reveal potential tax liabilities. Depending on your business income and its sources, tax professionals may analyze multiple sources including: gross receipts, payroll, property, cost of performance, market-based sourcing, sourcing of intangibles, apportionment methods and industry-specific methods.
By revealing possible liabilities, tax professionals can save you money.
Eide Bailly provides a tailored and comprehensive review to determine the best methodology to distribute your business income. Our report contains recommendations to assist you in making strategic business decisions so you gain the most beneficial state tax apportionment results.
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