The ability of each state and local jurisdiction to create its own taxing structure adds yet another critical layer to business tax planning and compliance. In fact, state and local tax laws are nothing short of far-reaching, particularly as states continue to aggressively seek dollars to expand their taxable base, federal laws evolve and impose new state tax requirements, and remote and hybrid work add complexities. Whether direct or indirect, these tax laws can significantly affect a company’s cash flow and/or effective tax rate — negatively or positively. And when done right, state and local taxation can move beyond a compliance burden to help identify significant savings opportunities.
From advising on nexus for entities working in multiple jurisdictions, to conducting tax refund reviews to help companies find more savings, our state and local tax specialists have years of experience providing compliance and strategic tax planning services. In today’s active M&A market, we also work closely with our Transaction Services Group on merger and acquisition deals to evaluate seller and buyer risk, as well as facilitate optimal transaction structuring.
Use our guide to help your private company proactively plan for tax opportunities and potentially ease your 2025 tax burden.
Use our guide to help you strategize with your tax advisers on key areas related to your specific tax situation — from tax planning basics, to charitable and retirement planning, to the OBBBA and more.
The One Big Beautiful Bill Act (OBBBA) will have widespread impact for almost every taxpayer. From its extension of Tax Cuts & Jobs Act provisions, to modifications of other tax laws and the addition of entirely new provisions, the OBBBA will affect businesses, individuals and even international taxpayers. Visit our OBBBA Resource Center regularly for continuing updates and guidance on the tax impact of this legislation to you and your industry.