State and Local Tax
Maximize Your Profitability
Tax minimization is every client’s goal. Doing so in a way that compliments the business structure and minimizes risk requires thoughtful, in-depth analysis and an understanding of client priorities. States are constantly changing and re-evaluating their income and franchise tax laws. At Argy, we are continually assessing opportunities to create tax minimizing plans for our clients and opportunities to mitigate risks.
A successful tax minimization plan requires an integration of tax strategy with a client’s business operations. In order to “think outside the box” we believe an in-depth knowledge of client facts, transactional history, tax issues and prior tax planning considerations are the essential base from which a creative plan is hatched. The issues inherent in client operations serve as the most effective basis for creative planning – otherwise, tax plans can be structured in a way that integrates awkwardly with operations and requires incremental cost to ameliorate. Our goal is to maximize your profitability and return on investment by ensuring you have the most efficient corporate structure available.
Our experiences have encompassed:
- Implement shared service structures to concentrate income in tax beneficial jurisdictions
- Income sourcing analysis for service providers to develop refund/reduction positions based on the differing methods of apportionment: greatest cost of performance, pro-rata cost of performance and market sourcing
- Tax credit analysis and discovery
- Nexus analysis
- Contract analysis to determine nexus, apportionment and modification implications
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