State & Local Tax

State and local tax planning helps your company minimize tax liabilities and improve your bottom line. Whether your company is undergoing multi-state growth, struggling with specific state tax matters or looking for advice on rapidly changing legislation, our tax professionals are well suited to address your state and local tax needs.

State and local taxes often account for a considerable portion of a business’s total tax liability, and businesses that operate out of state are often targeted by legislation and regulations passed by state and local governments. Navigating the legal intricacies of multiple jurisdictions can make compliance a difficult task.

Warren Averett takes a proactive approach by assessing each organization’s compliance with laws and regulations and implementing strategies to reduce the cost of doing business across state lines. We work diligently to ensure that our clients’ opportunities for state and local tax savings are realized. Through thorough analysis, development of effective planning strategies, successful implementation and firm negotiations with taxing authorities, we are able to strategically add financial value to our clients.

The Work Opportunity Tax Credit (WOTC) is a federal tax credit program available to employers who hire candidates from target groups. These groups include people who face challenges in finding employment, such as veterans and SNAP (food stamp) recipients. This program allows an employer to receive a reduction in income tax liability of up to $9,600 per approved employee. For-profit and tax-exempt employers of any size may apply, and any type of job qualifies (temporary, seasonal, part time and full time). The WOTC is a one-time tax credit that applies to each qualified new hire, and there is no limit to the number of new hires who can qualify an employer for this tax credit.

Property tax expenses can have a significant impact on a company’s net operating income. Appealing a company’s property tax can save it a significant amount of money. Warren Averett’s property tax experts have the knowledge and tools available to help businesses take advantage of all property tax savings available.

There is a surplus of abandoned and unclaimed property (AUP) that has been remitted by organizations that lose contact with the owners of various assets. Companies that have participated in mergers or acquisitions, name changes or extensive business-to-business dealings have the greatest opportunity to benefit from AUP recovery and have the most potential to discover a substantial amount of unclaimed assets.

Our experts are deeply familiar with the ins and outs of state and local income and franchise tax. We understand that the rapid pace and complexity of regulation changes, such as the new reporting requirements of Accounting Standards Codification (ASC) 740, can make it difficult for any company to attempt to minimize its tax burden. We have the experience and knowledge necessary to help your company stay in compliance with state and local regulations while maximizing your company’s tax savings potential.

Do you know where your business has potential tax exposure? In today’s interstate commerce economy, it can be difficult to pinpoint every tax filing requirement. A Nexus Review can help taxpayers understand their state and local tax footprints, ensuring they remain current on all tax filings.

Companies operating in multiple tax jurisdictions can find it difficult to manage increasing number of complex regulations. Warren Averett’s tax experts understand jurisdiction and industry-specific provisions and can offer tailored services to safeguard your company’s compliance while decreasing your tax burden.

Our tax professionals have a proven method to help companies prepare for state tax examinations. We have processes in place to help resolve inefficiencies and reduce or abate proposed penalties. We assist clients with voluntary and amnesty disclosure registration and help keep companies in compliance.

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