Franchise Tax
Franchise tax is similar to sales tax and is often overlooked as a tax strategy states use to generate revenue. Taxability determination for franchise tax operates somewhat like nexus, because a state bases taxability on the amount of shares a company issues in a state or the amount of their assets in a state.To gain revenue from franchise tax, states closely monitor multi-state operations for enforcement of nexus, apportionment, throwback rules and the overall sourcing of income based on constitutional and interstate commerce issues.
States also continue to pass new legislation that shifts the focus of how and to whom franchise taxes apply. As franchise tax laws and statutes change constantly, State Tax Advisors stays current on new franchise tax legislation and how it affects your firm, which helps you avoid unnecessary franchise taxes.
Our franchise tax consulting services focus on:
♦ Nexus Studies
♦ Multi-state registrations
♦ Business licensing
♦ Audit management
♦ Research
Located just north of Houston in Kingwood, Texas, State Tax Advisors has helped businesses big and small save time and money on their state taxes. Call us today to see how we can help you.
