State and Local Tax (SALT) Services
Managing the numerous and constantly changing state and local tax statutes can feel overwhelming as a business owner. The experts at Corrigan Krause stay on top of the quickly evolving state and local landscape so you can stay focused on building your business.The Experts in State and Local Taxes (SALT) at Corrigan Krause
No matter where you do business, one state or multiple, you know meeting state and local taxes requirements is an entirely different experience than meeting Federal tax requirements. Instead of a single entity, set of rules or rates, each state and local government where you operate levy their own tax obligations, making it a challenge to stay up to date.
Corrigan Krause provides the state and local tax (SALT) expertise business owners need to ensure proper compliance standards and assist with your needs, including nexus studies, refund reviews, audit defense, M&A due diligence, uncertain tax positions and any other SALT consulting you need.
Our expert Mark Rossetti, CMI, has experience with virtually all industry groups and can identify pain points and potential solutions specific to your industry, including auto dealerships, construction, manufacturing/distribution, retail, and transportation/logistics.
Available Services
- Reverse audits and audit defense work
- Multi-state tax compliance preparation and filing
- Nexus studies for sales/use and income/franchise purposes
- M&A due diligence reporting for all SALT matters
- Multi-state taxation of businesses
- State tax effects on different corporate tax structures
- Municipal income taxation
- Statutory and discretionary credit and incentive support
Choose a Firm the Specializes in State and Local Taxes (SALT)
Having an expert complete your state and local taxes can be important for several reasons:
Complexity of Tax Laws
State and local tax laws can be complex and vary significantly from one jurisdiction to another. Tax experts are well-versed in the intricacies of these laws, ensuring that all applicable regulations are adhered to.
Maximizing Deductions and Credits
Tax professionals are knowledgeable about the various deductions and credits available at the state and local levels. They can help you identify opportunities to minimize your tax liability and maximize potential refunds.
Compliance with Regulations
State and local tax regulations are subject to change, and staying updated on these changes can be challenging for the average taxpayer. Tax experts keep abreast of any modifications to tax laws and ensure that your filings comply with the latest requirements.
Avoiding Penalties and Audits
Incorrectly filed taxes may lead to penalties, fines, or even audits. Tax professionals have the expertise to complete your taxes accurately, reducing the risk of errors that could trigger negative consequences.
Specialized Knowledge for Businesses
For businesses, state and local tax considerations can be even more intricate. Tax professionals specializing in business taxes understand the nuances of corporate tax laws, exemptions, and incentives, helping businesses navigate the complexities of state and local taxation.
Time and Stress Savings
Completing state and local taxes can be time-consuming and stressful, especially if you are not familiar with the specific requirements of your jurisdiction. Hiring an expert allows you to focus on other aspects of your life or business while ensuring your taxes are handled professionally.
Optimizing State and Local Tax Planning
Tax experts can assist in developing strategic tax plans that take advantage of available opportunities to minimize future tax liabilities. This proactive approach can result in long-term financial benefits.
Customized Advice
Tax professionals can provide personalized advice based on your unique financial situation and goals. They can offer guidance on how to structure transactions or make decisions that align with both federal and state/local tax regulations.
Overall, having a tax expert complete your state and local taxes can provide peace of mind, ensure accuracy, and potentially save you money by optimizing your tax position within the specific regulations of your jurisdiction. Whether you're an individual or a business, seeking professional assistance can be a wise investment in navigating the complexities of state and local taxation.
Meet Mark Rossetti, CMI
State and Local Tax Services Consultant at Corrigan Krause
Mark is an independent consultant working with the Corrigan Krause team. His primary focus is in state and local tax (SALT) and supporting the income, sales and property tax needs of our business clients.
Mark brings over 20 years of experience from national and regional firms, as well as the Ohio Department of Taxation where he concentrated on sales and use tax audits of private and public companies. In addition, Mark has significant experience in the area of audit defense and possesses extensive knowledge of the Ohio Commercial Activity Tax (CAT).
Mark has expertise with complex business tax structures, obtaining private letter rulings and Tax Commissioner opinions, along with income tax reviews for middle-market to large-market businesses.