GBQ

Entrepreneurial Spirit. Independent expertise.

State and Local Tax Due Diligence and Structuring

State and local tax issues are among the most common items discovered in a buyer’s due diligence process. Our state and local tax professionals have expertise with:

Income/Franchise Taxes

  • Nexus review
  • Material filing positions
  • Apportionment/allocation methodology review
  • Review current audits and audit history

Sales/Use/Gross Receipts Taxes

  • Nexus review
  • Evaluate significant filing positions
  • Assess current audits and audit history
  • Evaluate adequacy of reserves
  • Review exemption certificate and tax collection processes

Economic Development Incentives/Credits

  • Agreement compliance review
  • Analyze credit calculations

Business Registration/Licenses

  • Compliance review

Payroll Taxes

  • Evaluate payroll process
  • Review filings

Property Taxes

  • Review personal property footprint and corresponding renditions
  • Analyze significant positions
  • Review current audits and audit history

Municipal Income Taxes

  • Return filing review
  • Analyze current audits and audit history

Unclaimed Funds

  • Review and analyze reports
  • Evaluate reporting methodology
  • Assess current audits and audit history