Income & Franchise Taxes
Leverage the Right Filing Options to Benefit Your Business
We can help you determine where you should be filing income or franchise tax returns.
They can also help you determine whether there are any opportunities to reduce your income and franchise liability.
For example, Congress capped the amount of state tax you can deduct for federal income tax purposes, and many states responded with a workaround. CSH can determine if the workaround will work for you.
Our Income and Franchise Tax Services Include
Tax Nexus
Income and franchise tax nexus rules are notoriously vague and vary from state-to-state. We can help you by determining whether you're at risk of having nexus with a state and then we can analyze your numbers and quantify your potential risk.
Pass-Through Entity Tax (PTET)
Many states have passed legislation to circumvent the $10,000 State and Local Tax (SALT) deduction limitation. These pass-through entity elections can allow businesses to fully deduct state and local taxes from the entity’s taxable income. CSH can determine if this is a possibility for your business and assist you in achieving these savings.
Transactional Tax Planning
By engaging with CSH ahead of business transactions, we can identify and proactively plan for tax impacts. This includes income, franchise and gross receipts tax, sales and use, employment and property taxes. Additionally, our buy-side and sell-side financial and tax due diligence services help you strengthen negotiations and make better-informed decisions.
Related Services
Mastering Multijurisdictional Tax Challenges with Expert Support
