State and Local Tax (SALT)

Understanding a company’s business tax and sales and use tax obligations are now more important than ever in light of South Dakota v. Wayfair. Before Wayfair, a seller needed physical presence to trigger nexus in a state. Now, mere sales into a state can trigger economic nexus. For sales tax purposes, economic nexus has been enacted in every state that collects sales tax, with Missouri being the final state to come on board effective January 1, 2023.

Companies who sell tangible personal property, services, software and cloud computing products/services should take steps to make themselves aware of where and when they cross the nexus thresholds in a state, not only for sales tax purposes but also for income, franchise, and gross receipt taxes that are assessed on the business entity. How does a company accomplish that when the rules and thresholds are different in every state? The best way to keep on top of evolving nexus laws is to have the Sensiba SALT team to perform a nexus study for business activity tax and sales and use tax.

A nexus study is an in-depth analysis that will evaluate your companies economic and physical nexus. We can also calculate potential tax liability, provide taxability guidance, prepare voluntary disclosure agreements (VDA) and more.

SALT Services

  • Nexus studies
  • Preparation and review of business license taxes based on gross receipts:
    • Los Angeles Business License Tax
    • Nevada Commerce Tax
    • Oakland Business Tax
    • Ohio Commercial Activity Tax
    • Oregon Corporate Activity Tax
    • San Francisco Gross Receipts Tax
    • Tennessee Business Tax
    • Washington Business & Occupation Tax
  • Voluntary disclosure agreements
  • SALT accounting due diligence
  • Multistate tax issues for non-US based companies
  • Alternative apportionment petitions
  • Sales sourcing analysis
  • State issued nexus questionnaires
  • Multistate tax controversy and audit defense
  • Item taxability review
  • Sales and use tax overpayment recovery
  • Sales and use tax systems review and process improvement
  • General state tax planning and consulting
  • Business registrations

Industries We Serve

Your industry has specialized needs and challenges, and we’re selective about the industries we’ve chosen to support. Our teams know the business and regulatory issues that are important to you and have specialized industry experience to help you address them.

NEWS, EVENTS, AND INSIGHTS

Related State and Local Tax Resources

Alert

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California Suspends NOLs and Limits Business Incentive Tax Credits

Alert

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Ohio Making Significant Changes to Commercial Activity Tax

Insight

CO and MN Take Action on Retail Delivery Fee – NY May Follow Suit

Insight

Minimize Multistate Tax Surprises During a Transaction

Insight

New Capital Gains Tax Upheld in Washington State

Insight

California Sales Tax Limited Access Code Phasing Out – Taxpayer Action May Be Required

Ready to get started?

Contact Us Today to learn more about our SALT services.