Are You Managing Your State & Local Tax (SALT) Risk Effectively?
Take Our Free Assessment to Evaluate Your Exposure and Compliance.
SALT regulations are constantly evolving, and ensuring compliance is crucial to avoiding costly penalties and unexpected liabilities. Anchin’s brief assessment will help you evaluate your company’s state and local tax risk and determine whether action might be needed to protect you and your business through three indicators: low level of risk, medium level of risk, and high level of risk.
How Can You Benefit?
Even if you believe your business is compliant, assessing your SALT exposure is essential. Here’s why:
- Identify Potential Liabilities: State and local tax laws change frequently, often resulting in expanded tax bases targeting a wider range of businesses. Regular assessments and periodic reviews help uncover exposure areas, ensuring your business avoids the risk of back taxes and penalties.
- Strengthen Compliance and Risk Management: Evaluating your tax positions helps mitigate risks related to audits and evolving tax regulations. State taxing authorities are aggressively pursuing taxpayers deemed noncompliant.
- Optimize Tax Planning: Understanding your SALT obligations allows for smarter tax strategies that help minimize liabilities and maximize cash flow. Even a minimal amount of nexus can significantly influence tax obligations, making it crucial to stay informed and proactively monitor and manage these liabilities.
How Can Anchin Help?
Navigating SALT complexities requires strategic planning and expert guidance. At Anchin, we offer specialized services to help businesses stay compliant, optimize tax obligations, and reduce unnecessary tax exposure. We also actively monitor tax legislation for any changes to nexus rules and work closely with clients to maintain compliance.
Our SALT Group has decades of experience in addressing tax challenges across multiple jurisdictions. We work with businesses of all sizes—from entrepreneurial startups to large corporations—to design solutions tailored to their needs, like state and local tax nexus evaluations, sales and use tax compliance reviews, domicile and residency planning and many more.
Let’s Talk About Your SALT Strategy
If your assessment raised any questions—or if you just want a second opinion—we’re here to help. Our SALT specialists are ready to walk through your results and explore next steps.
