State & Local Tax Services

Primary Contact

Frank Czekay
215.557.2023
fczekay@parentenet.com

Brochures (PDF)

Helping You Stay Ahead of the Curve

Let's face it, state taxes are complicated, and they vary wildly from one state to another. Did you know there are more than 11,000 state, county and local tax jurisdictions in the United States? At Parente Randolph, our tax professionals have the expertise and experience to navigate through the myriad of state and local laws, rules and regulations. We provide assistance to businesses in reducing their effective state tax rate, business restructuring and expansion into multiple states, reducing and avoiding penalties for non-compliance and implementation of compliance methodologies in a multi-state/multi-jurisdictional environment.

State Income and Franchise Tax

State income and franchise taxes are a complex area with rules that continue to evolve and change. Parente Randolph can assist businesses with minimizing their state and local tax burdens with the following services:

Nexus determinations
Planning for business expansion in multiple states
Business restructuring in a multi-state environment
Meeting constantly changing compliance obligations to reduce compliance penalties and associated interest charges
Minimizing back taxes, interest and penalties via voluntary disclosure
Providing audit defense and tax controversy representation

Sales and Use Tax

Parente Randolph professionals will work with your business to develop a coherent strategy for complying with the sales and use tax laws of the state and local jurisdictions in which you do business. We can reduce the exposure for non-compliance, provide nexus reviews and ensure that your business is taking full advantage of all applicable exemptions and exclusions. Parente Randolph can provide your business with the following services:

Nexus reviews and voluntary disclosure
Audit and tax controversy representation
Reverse audits
Compliance reviews
Sales and use tax training

Unclaimed Property

Did you realize that unclaimed property is the fastest growing area within state revenue generation?

Identifying and reporting unclaimed property liability is a cumbersome task that requires the right level of experience and the commitment of company resources. In fact, a number of states have significantly increased their unclaimed property enforcement activities over the past few years in order to take advantage of this source of revenue. These states try to impose severe penalties to holders who fail to report unclaimed property.

Parente Randolph can help your company determine its exposure with a cost-effective, phased approach, which includes:

An assessment of unclaimed property compliance
Development of compliance strategies
Validation of our preliminary findings

Credits and Incentives

Are you considering moving your business to another state? Are you expanding your business? The professionals at Parente Randolph can assist you with this process. Many state and local jurisdictions provide incentives to businesses that are considering moving or expanding their operations.

Parente Randolph can assist your business with reducing the investment costs associated with your relocation or expansion by:

Identifying tax and non-tax incentives available to your business in various states
Making contact with the appropriate state and local government agencies and negotiating a favorable incentive package
Assisting with ongoing compliance with incentive requirements to ensure your business receives the maximum benefit available

Property Tax

Taxpayers often pay more than is necessary in real and personal property taxes.

Why? Most lack the expertise, resources or proper advice when it comes to effectively managing their obligations. Parente Randolph will help you find new and improved methods to align your property tax strategies with your overall business needs and compliance obligations.

Parente Randolph’s property tax services include: