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Home > Services > Tax > State & Local Tax > Income & Franchise Tax
Income & Franchise Tax
Income and franchise taxes comprise a major share of the state and local state tax burden for businesses. Companies that operate in multiple jurisdictions face a complex web of tax laws that define the tax base, assign the base among states and localities, specify tax and payment reporting requirements, and provide for credits and incentives.
Solutions Beyond the Basics
Virchow Krause can help you manage your company's effective tax rate and control its income and franchise tax compliance costs. We will work with you to coordinate the business structure, operations, and multistate activities and apply our expertise to achieve an effective, long-term state and local tax strategy. We offer a full array of services, including nexus reviews and voluntary disclosure agreements, allocation and apportionment planning, amended state tax returns, refund reviews, training for financial and tax personnel, "flow through" entity planning, and compliance withholding requirements.
Advantages for You
Our professionals will assist your business by:
- Identifying strategies to secure tax savings.
- Analyzing nexus requirements.
- Limiting your exposure through negotiations and voluntary disclosure with the states.
- Helping plan for future business expansion.
- Advising you on the complexities of reorganization or restructuring.
- Providing low cost, efficient tax compliance services including outsourcing.
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