State and Local Tax
Thousands of jurisdictions, one place for answers
McGladrey’s dedicated state and local tax (SALT) professionals collaborate across specialties and regions to provide you with a local touch, backed by the support of a national firm. Our approach starts with understanding your business – your operations, challenges and plans for the future – then developing a holistic SALT planning and compliance program to help you meet your goals and control your expenses. Our specialty practices are:
- Sales and Use Tax
- Income and Franchise Tax
- Multistate Credits and Incentives
- Property Tax
- Payroll and Employment Tax
- Unclaimed Property
In addition to services provided by these practice groups, we also offer general SALT services, such as state tax analysis and resolution (nexus) and SALT controversy.
Washington state enacts legislation to subject wholesalers to economic nexus standards and thresholds.
The New York DOT issues an opinion on the applicability of the franchise tax to an alien holding company that owns an LLC with in-state activities.
Chicago issues guidance regarding the taxability of nonpossessory computer leases and streaming movies and games.
Kansas DOR issues guidance allowing Kansas resident individuals to claim a credit against state income tax for local income and earnings taxes paid.
Wisconsin enacts legislation intended to promote growth and close budget gap with various tax increases and decreases.
Kansas enacts legislation intended to close budget gap with various tax increases and the establishment of a tax amnesty program.
Delaware enacts significant unclaimed property reform bill; permanently extends voluntary disclosure program.
Uber drivers are reclassified as employees rather than independent contractors subjecting Uber to employer regulatory and tax regimes.
Companies that negotiate their own credits and incentives often miss opportunities and create compliance issues.
The Georgia Tax Tribunal determines that Georgia resident individuals who own interests in flow-through entities may deduct Texas franchise tax paid.
New York provides procedures for identifying stock as investment capital for the purposes of the state’s exemption for investment income.
A global bakery was transitioning its U.S. tax department. A reverse income tax audit identifies industry-specific provision, cash refund opportunity.
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