SALT
Why Do We Have Sales & Use Tax?
What is Sales & Use Tax? Sales and Use Tax is a consumption tax, a form of tax that is
Johanna Monroy
April 11, 2023
In the ever-changing landscape of state and local taxation, businesses are constantly facing new challenges. That’s where Source Advisors comes in. With our specialized state and local tax consulting services, we help you identify, understand, and meet your sales tax obligations efficiently.
Our consulting services encompass a variety of services aimed at helping businesses navigate the intricate maze of State and Local Tax Credits and Incentives.
SALT consulting involves providing specialized knowledge, guidance and expertise to help companies navigate the complex world of sales tax and helping businesses understand their tax obligations.
This includes determining in which jurisdictions a business owes sales tax, how much tax should be collected and remitted, and strategizing and planning for future sales tax obligations for new market expansion, launching new products, or changing business models.
Lower your effective tax rate, thus freeing up cash for reinvestment.
Ensure you are fully compliant with state and local regulations while maximizing credits.
Minimize potential risks associated with non-compliance or future audits.
It can be beneficial to hire a state and local tax consultant if:
A sales tax nexus study is a comprehensive evaluation of your business operations to define your sales tax collection obligations…
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Every state has some form of negotiated state tax credits and incentives in order to attract business to their states…
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Our sales tax defense experts take the lead when it comes to your audit. We act as your single point of contact and work directly with the auditors, so you don’t have to…
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A sales tax registration is an agreement by a company to collect sales tax for a state on their behalf…
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An arrangement with a state to reduce or waive penalties or interest and limit the look-back period for uncollected taxes….
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Our industry experience and expertise within these tax codes has helped businesses claim billions of dollars in tax credits and incentives.
Our comprehensive knowledge in SALT and our other services ensures a holistic approach to maximizing your tax savings.
We understand that every business is unique. Our personalized strategies are designed to meet the distinct needs and goals of your company.
Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.
Stay ahead of the curve with our up-to-date knowledge of tax legislation and compliance requirements, providing you with peace of mind.
Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.
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Embrace the power of tax credit savings with Source Advisors and propel your business towards growth and success around the world. Partner with us today to unlock your company’s full potential.