state & local tax (salt)

As your company expands, grows or relocates, Mauldin & Jenkins’ experienced SALT specialists possess the knowledge and skills needed to navigate complicated multi-state tax laws, allowing you to focus on the business at hand. Our CPAs work collaboratively with businesses to uncover and address state and local tax issues. Whether you have been selected for a tax audit or are eager to be proactive in your SALT planning, our experienced professionals can help.

our salt services include:

  • Outsourced Tax Return Preparation and Filing

    Using calculation information by jurisdiction to complete, file, and pay a return in required jurisdictions.

  • Comprehensive Nexus Study

    Analysis of operations, sales, & purchases to determine what tax obligations exist by jurisdiction. The study includes income, franchise, and sales and use tax.

  • Product Taxability Review

    Review of products sold or purchased to determine taxability by jurisdiction.

  • Voluntary Disclosure Agreement (VDA)

    Assistance in participation in state Voluntary Disclosure Agreement programs to disclose unpaid/underpaid liabilities.

SUT Calculations

Sales and Use Tax calculations at the time of transaction (software calculation)

Ongoing SUT Evaluation

Ongoing Sales and Use Tax advisory and review services

Exemption Certificate Management

Gathering exemption certificates and monitoring expiration dates, renewing as needed

Jurisdictional Registration

Registering the business as a seller in state or local jurisdictions, typically resulting in an assignment of a registration number

Internal Compliance Audit

An in-depth audit of accounts receivable, accounts payable, and fixed assets (internal audit of what you’re buying and selling as well as the process)

Reverse Audit

Examination of an audit done by a state auditor to indicate agreement or disagreement, which may find overpayment of sales tax in the actual audit

Refund Study

Reviewing accounts payable to identify overpaid sales tax and filing refund requests/returns

Audit Representation

Managing a client’s audit from start to finish so the client doesn’t have to interact with the auditor

Mock Audit

Facilitation of a simulated state audit to determine potential exposure 

There are a number of complex tax compliance requirements that multi-state companies face. It is important to understand and comply with these rules in order to avoid costly SALT assessments down the road. To learn more about the proactive steps you can take, contact us.

WHAT OUR CLIENTS ARE SAYING

"The services provided by Mauldin & Jenkins have been excellent. Specifically, Jeff Dorris helped us successfully navigate through a significant sales tax project. He took the time to fully understand our needs and provided straight-forward guidance. Jeff is very knowledgeable, thorough and truly a pleasure to work with, and I recommend him without reservation."

-Scott Skipper, Accounting Manager - City of North Port, FL

SALES & USE TAX COMPLIANCE REVIEW

State and locally administered Sales and Use Tax (SUT) can be a complex and costly necessity of any business that conducts sales or makes purchases. Over time, businesses must adapt to operation changes, growth, product & service expansions, and employee turnover.  If overlooked, sales and use tax compliance processes may become disconnected from business activities, or SUT law.  

SALES & USE TAX  PRODUCT TAXABILITY MATRIX

Are you properly charging sales tax on all products and services in each jurisdiction? What about purchases? Do you have an internal accrual process?

NONPROFIT ORGANIZATIONS

With more than 1.5 million nonprofit organizations registered in the U.S., the nonprofit sector is a major contributor to state economies.  However, state tax law does not always offer the same exemption status awarded by the Internal Revenue Service (IRS). Many state taxes still apply to the activities and functions to carry on the day-to-day operations of a nonprofit.  Do you know your state and local sales tax laws?  

COMPREHENSIVE NEXUS STUDY

A comprehensive nexus study will evaluate your SALT footprint and will cover Income, Franchise, and Sales Tax.

The Comprehensive Nexus Study will consist of an analysis of your sales, purchases, and operations to determine what obligations you may have in each jurisdiction.

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