State and local taxes represent a major cost of doing business. Increasingly, companies and individuals find themselves operating in a multistate environment. They face complex state-local tax regimes that are difficult to comply with and put them at risk for tax assessments that include interest and penalties.
State taxing authorities have recently undertaken aggressive enforcement efforts that seek to bring more businesses within their jurisdiction and that challenge traditional state-local tax planning techniques.
We believe that state and local taxes can also present an opportunity to realize significant cash savings. Virchow Krause can assist businesses and individuals: cut their effective state tax rates, plan for growth or restructuring, recoup overpayments, manage audits, avoid penalties, and implement a reliable tax compliance system for the future.
