State & Local Tax (SALT)

State and local taxes impact all businesses — regardless of size, industry or entity structure. These taxes change constantly (almost daily) due to new legislation, court cases and rulings or simply changes in interpretation of current law. These changes and the lack of uniformity among the states can often result in underpayment or overpayment of taxes.

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Services We Provide

Change is Constant & Good

Staying on Top of SALT

FD helps companies identify and take advantage of state & local statutory credits and discretionary incentives. Our team delivers services related to a variety of tax types, including income tax, franchise tax, sales and use tax, personal property tax, real estate transfer tax and gross receipts taxes (such as the Ohio Commercial Activities Tax, Washington Business and Occupation Tax, Oregon Corporate Activity Tax, Tennessee Business Tax, Nevada Commerce Tax, Virginia Business, Professional and Occupational License Tax).

Our experts work to help clients adapt to shifts and complexities in state tax law and achieve their business goals in a state tax-efficient manner. We specialize in growth companies from emergent startups, middle-market companies, private-equity-owned companies and foreign-owned entities that are navigating change.

Services

Sales, Use & Personal Property Tax Services

FD offers comprehensive services for a range of state and local tax related needs from income and gross receipts to sales tax services and beyond.

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Sales & Use Tax

Nexus review
Sales sourcing analysis
Sales taxability studies (sales or purchase taxability, matrix development and maintenance)
Exemption review (for sales or purchases)
Voluntary Disclosure Agreement (VDA) negotiation
Penalty abatement requests
Private letter ruling requests
ASC 450 consulting (uncertain sales tax positions analysis and review)