UNDERSTANDING BUSINESS TAX OBLIGATIONS ACROSS JURISDICTIONS.
Navigating multistate tax obligations requires a clear understanding of nexus—the connections that determine a business’s tax responsibilities in various jurisdictions. At Smolin, we specialize in conducting Nexus Studies to assess these connections comprehensively. From gathering data on your business activities to evaluating legal criteria and assessing tax risks, our expert team provides tailored insights and recommendations to ensure your compliance and minimize tax exposure across states.
we can support you.
Smolin specializes in helping businesses navigate multistate tax obligations by assessing connections comprehensively, minimizing tax exposure, and ensuring compliance with expert insights and tailored recommendations.
Data Collection and Analysis
Our team gathers relevant information about the business’s activities, such as sales, employees, and property locations. We analyze this data to identify potential nexus triggers.
Documentation
Our team will document their findings, calculations, and recommendations in a formal nexus study report. This report serves as a reference for the business and can be shared with tax authorities during audits.
Legal Research
We research state laws and regulations to understand each jurisdiction’s criteria for establishing nexus and we stay up to date with changes in tax laws.
Nexus Determination
Based on the data and legal research, our experts determine whether the business has a nexus in specific states. We consider factors like physical presence, economic presence, and affiliate relationships.
Recommendations
We provide recommendations to minimize tax exposure. This may involve restructuring business operations, adjusting sales channels, or registering in specific states.
Risk Assessment
Our team will assess the tax risks and evaluate potential tax liabilities and exposure, helping businesses make informed decisions.
The Smolin Approach.
Effective nexus studies require meticulous attention to detail and a deep understanding of state tax laws. At Smolin, our specialists are dedicated to conducting thorough nexus studies tailored to your business’s specific needs. We provide strategic insights and actionable recommendations to help you navigate complex tax landscapes and minimize tax liabilities effectively.
Need to Talk?
If you have questions or need more information about how our Nexus Studies can help your business, we’re here to assist. Connect with us to discuss your specific needs and get personalized guidance on managing your multistate tax obligations.