State & Local Taxes
Tax Services
A State and Local Taxes (SALT) audit can greatly benefit companies, especially those who have a tax footprint across state lines. Our specialists illuminate possible risks as well as best practices for consistent compliance.
State taxation laws have changed dramatically in recent years. By partnering with Abdo, you’ll have help determining potential new filings as well as manage your risk exposure, especially if your organization sells products or services out of state, employs individuals who live or travel out of state for work, or if there is a possibility of selling your business or purchasing a new one in the near future.
Our experts provide SALT analysis services that include a full nexus study, reviewing your state activity and operations to evaluate your tax footprint across state lines. Our advisors then issue a thorough report identifying your state income and sales tax risk. Don’t need a full SALT study? Our team can perform limited studies focused on specific issues to illuminate areas for improvement.
Insights
A behind-the-numbers view of best practices and holistic thinking.
What to know before using AI for tax planning and preparation
AI has quickly become a valuable tool for accountants and taxpayers alike. But when it comes to tax planning and preparation, AI has notable limitations. In this article, Abdo partner and business advisor Eric Hermanson highlights precautions to consider when using AI for taxes.
New Minnesota Tax Law Changes: Key impacts for businesses and individuals
This article summarizes key impacts for businesses and individuals created by the recent Minnesota Tax Law Changes.