State & Local Tax
State and local taxes are a part of every business. BMSS recognizes how complicated and overwhelming state and local taxes can be. States and municipalities are facing major budget shortfalls and are continually looking to close the gap through enhancing current tax laws, enforcing existing tax laws and implementing new taxes. A comprehensive state and local tax strategy helps minimize your company’s compliance risk and its tax burden. Our State and Local Tax (SALT) professionals are available to provide you with favorable, accurate and defendable tax solutions. We understand the complexity of state and local tax compliance, from handling large, multi-state businesses to consulting on jurisdictional state and local tax matters.
- Professional Athletes
- State and Local Tax Analysis
- Mergers and Acquisitions
- SALT Checklist
- Emerging Business
- Nexus Studies
- Reverse Sales Tax Audits
May 15, 2019 Six Questions to Measure Your Wayfair Tax and Compliance Risk
May 14, 2019 Personal Property Tax Compliance: Eight Frequently Missed Issues That Can Lead to Overpayments
Apr 29, 2019 Wayfair's Impact on Business
How We Serve
- Consult on your expanding or changing business needs
- Advise on state and jurisdictional taxes, including compliance and reporting
- Prepare state business and individual income tax returns
- Analyze specific transactions for tax applicability
- Assist with and/or manage state and local tax audits
Services We Provide
- Unclaimed Property
- Sales Tax
- AD Valorem
- Business Licensing
- Income Tax
Every business is required to pay some form of state and local taxes. We provide our SALT services to clients in manufacturing, nonprofits, construction and many other industries.
In 2014, businesses paid an average of 10.6% of net income in state and local taxes.
Prior to joining our firm, BMSS member Karen Poist, CPA, worked with the IRS and a large multi-state corporation in the Washington D.C. area.
- Alabama Society of Certified Public Accountants
- State and Local Tax Committee