State and Local Tax
Here at Rea & Associates, we never underestimate the impact state and local tax (SALT) law can - and does - have on your business's bottom line. That's why we've established a team of SALT experts to stay up-to-date on the laws and regulations all business owners need to be aware of - especially if you conduct any portion of your business online. From Ohio to Florida, New York to Idaho and everywhere in between, failing to adhere to the laws in your state and beyond can be incredibly costly.
Peace of Mind Starts Here
We are proud to be able to offer our clients with a robust selection of state and local tax services, including:
Allocation & apportionment reviews
One of the most challenging areas of income and related types of taxes is how you source your income. Some kinds of income are allocated and some are apportioned. Do you know the difference. Find out how an allocation and apportionment review can protect your business.
Sales & use tax compliance and reviews
Did you know that sales and use taxes are handled differently in different states? The nuances can be enough to make you dizzy. Our team of sales and use tax professionals can go through your business operations, exemptions, purchases, etc., with a fine-tooth comb to make sure you are only paying what is expected of your business.
Credits & incentives services
Your business is a job creator. You're hiring people, adding fixed assets and generally helping to improve your local economy. Businesses like yours drive the economy and keep America moving forward – and the tax code and policy rewards your investment with credits & incentives. Read on to find out how we can help you claim your share.
Nexus studies
If you conduct any portion of your business out of state, you probably have a number of state taxing jurisdictions eyeing your company for nexus. A nexus study will show you your liabilities and can help you avoid future tax issues. Keep reading to learn how a nexus study can ease your mind and strengthen your bottom line.
Voluntary disclosure services
There's no way around it, if your business owes back taxes, you will have to pay up sooner or later. But, did you know that you can limit your liability through a voluntary disclosure agreement? Read on to find out how this process works.
Due diligence reviews
Are you looking to purchase another business or even maybe sell your own? Before signing anything, it’s imperative to do your homework. Failure to do so will likely cost you. Read on to find out how.
Audit defense services
Thousands of businesses are audited every year for various tax considerations, including sales, use or commercial activity taxes. When it comes to your business, it's not a matter of if, it's when. Find out how our audit defense services can provide you with peace of mind while saving you money.
Loan staffing
Does your internal tax department need a boost? We can help with that. Keep reading to find out how.
Business registrations and use tax accrual training
Administrative and accounting departments are responsible for handling a multitude of business-related tasks. Read on to find out how we can help your staff with their state and local tax responsibilities.
13,000 Reasons To Always Ask Questions - These days, it’s not unusual to travel (sometimes great distances) for your career. It’s also becoming more and more common for professionals to utilize their home offices as their primary work spaces. But whether you’re enduring long commutes each day, telecommuting from home or hopping a plane across country a few times each month, be sure to review your W-2s to determine whether the municipal taxes that are withheld from your paycheck are correct. You may be surprised to learn how easy it can be to overlook this particular line item. This case study will explain why.
We are committed to serving businesses across all industries and are committed to building our suite of services designed to address unique challenges across a wide range of industries. Check back often to discover what else our SALT services team can do!
- Construction - Rea’s dedicated team of state and local tax experts are committed to revealing and addressing issues that may have been overlooked in the past. Identifying current savings opportunities and counseling businesses on existing and future SALT matters and incentives based projects for construction companies. Read on to find out how we can help you.
- Business Valuations - If you are in the market or buy or are preparing to sell, without a proper assessment of a company's state and local tax liabilities, you never really know what you're getting into.
- Manufacturing - State and local tax concerns are just part of the day-to-day as a manufacturer and it just got more tricky now that the Supreme Court has ruled in favor of South Dakota, effectively making physical presence a think of the past.