State & Local Tax
State & local tax represents more than a third of the US government’s tax revenue – well over a trillion dollars – yet many companies still overlook incentives at the state and local level.
State and local governments each have a unique set of tax rules and tax incentives are not widely publicized. In addition to state income tax laws, which can approach federal laws in ambiguity and complexity, taxpayers are faced with sales and use taxes, property taxes and employment tax obligations. We can show you how state & local tax laws currently impact your business, identify risks and opportunities and help you take advantage of tax incentives in the localities in which you operate.
Podraza CPA provides services related to state income taxes, sales and use taxes, property taxes and state employment taxes. We can provide guidance on state & local tax policy and legislation, help determine eligibility for state tax credits and deductions and assist in tax return preparation and other compliance requirements.
State & local tax opportunities should not be ignored. Most individual and corporate state income tax rates can average five percent of revenue and sales tax can be twice that figure. Considering that most businesses only put about five to ten percent of their revenue on the bottom line, it becomes clear that this is not an area of you want to ignore.
Call us today to find out how our state & local tax services can benefit you.
State and local governments each have a unique set of tax rules and tax incentives are not widely publicized. Podraza CPA has the expertise necessary to help you comply with and minimize your state and local tax obligations.