State and Local Tax for Real Estate
Case Studies State and Local Tax for Real Estate A Comprehensive Source Advisors Case Study Real Estate Holding/Management Company Claims
Source Advisors
October 16, 2023
Case Studies
A Comprehensive Source Advisors Case Study
For many businesses, the 2018 Supreme Court ruling Wayfair v. South Dakota changed the landscape for sales tax remittance. And when state jurisdictions honed in on the taxation of digital products – particularly software as a service (SaaS) – businesses scrambled for an understanding of their requirements in each state. See how Source Advisors helped this Global Marketing Company realize their State and Local Tax obligations.
In a few short years, this Midwestern-based marketing company rapidly grew its client base to over 1000+ enterprise brands. As demand grew for their digital and SaaS products, so did their nationwide nexus exposures and liabilities – subsequently leading executives to seek expert sales tax advisors.
There was a real compliance need for the company to tackle the recent and continually changing sales tax rules that impacted its operations across the United States. Failure to prioritize these matters would have resulted in millions of lost opportunities and significant tax liability.
Their exposure was complex, but by leveraging PMBA’s expertise, reduced errors by establishing processes and implementing solutions that saved countless staff resources.
Through a proactive and aggressive approach, the global marketing leader became compliant in all states, reduced liability, and established processes to ensure long-term compliance as they continued to grow.
In sum, Source Advisors helped save the company over $3M through audit defense, profit recovery, and compliance.
Don’t leave money on the table. Contact Source Advisors to find out how our State and Local Tax Services can work wonders for your bottom line.
Our industry experience with state and local taxes has helped businesses claim billions of dollars in tax credits and incentives.
Source Advisors has demonstrated success in assisting many growing businesses with complicated tax issues and is able to leverage that experience to avoid common pitfalls
Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.
Source Advisors has a network of national accounting and sales & use tax experts. By extension, clients have access to assistance in every region regarding state, county, and local tax issues.
Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.
Our recommendations stand in full compliance with tax legislations, offering clients unmatched peace of mind.
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