Axiom offers a variety of state and local tax services designed to help you and your company with the challenges of changing state and local taxes. We are constantly identifying ways clients can maximize cash flow with minimum liability. With the current budget issues that states are facing, states are considering ways to raise additional tax revenue. Local jurisdictions throughout the country impose their own unique taxes on businesses and individuals. Axiom has years of state and local tax experience and stays up to date with the ever changing state tax laws in the numerous local jurisdictions you may have activity in. We can assist you with your state and local tax responsibilities and identify credits and incentives that you may qualify for. Our state and local experts can assist you in a variety of ways.
- Credits and Incentives
- Cost Segregations
- Income Tax Planning
- Audit Defense
- Nexus Analysis
- New Mexico Gross Receipts and Compensating Tax Consulting
- Multi-state Sales and Use Tax Consulting
- Unclaimed Property
- Managed Audits and Voluntary Disclosure Agreements
- Property Tax
- Federal Credits
- Tax Preparation
Credits and Incentives
Many federal, state and local jurisdictions offer tax credits and incentives for businesses and individuals. Axiom has the expertise to assist your business in identifying and capturing these opportunities. In most cases we are able to identify opportunities that provide revenue and tax savings to our clients. Credits and incentives may include such things as specific hiring and industry credit filings, sales and use tax exemptions and refunds, property tax abatements, and income or franchise tax credits. We can provide credit and incentive services in a variety of areas such as:
- High-Wage Jobs Tax Credits
- Job Training Incentive Program Incentives
- Manufacturing Credits
- Technology and R&D Credits
- Work Opportunity Tax Credit (WOTC)
- Enterprise zone credits and incentives
- Tax credit or rebate for alternative fuel usage
- State and local refund claims for exempt sales
When it comes to tax opportunities related to real estate Axiom can assist you in this area. Properly classifying your fixed-assets and accelerating depreciation can assist your business and its cash flow. Axiom has a dedicated team with a long history of experience performing cost segregations studies. We have worked with a multitude of different industries and have assisted them in savings millions of dollars.
Axiom has years of proven experience in successful audit defense engagements and we are familiar with the various state and local jurisdiction audit procedures and processes. We have helped our clients save millions of dollars in taxes. Over the years we have built effective working relationships with the various state and local jurisdictions that perform these audits.
When your business crosses state lines, keeping up with the tax requirements of the various state and local governments can become onerous. Axiom can help you with this by providing not only expert technical guidance, but also sound practical advice. Axiom has completed numerous nexus studies for our clients allowing them to maintain their compliance in specific localities and jurisdictions.
Sales and Use Tax Consulting
Axiom has over 30 combined years of state and local tax experience. We stay up to date with the latest tax law changes and always try to identify opportunities for our clients when they present themselves. We have experience in various areas of indirect tax such as sales, use, gross receipts, compensating, as well as deep experience in federal excise tax issues
Axiom has unclaimed property experience in regards to proper filing and processes and procedures regarding reporting and claiming property to the various states. Axiom can help with identifying proper reporting of specific property and required format. Axiom can also assist with unclaimed property audits and reviews performed by various states.
Managed Audits and Voluntary Disclosure Agreements
We have filed numerous voluntary disclosure agreements and managed audits on behalf of our clients saving our clients thousands of dollars in taxes, penalties and interest. We are familiar with the various state and local requirements for engaging in these agreements. We also have years of experience in sampling techniques which can save the client time and money.
We are familiar with the various counties’ requirements for filing yearly property tax reports for property taxes. We have filed numerous renditions over the years for our clients. We have filed property tax reports for industry groups such as healthcare, coal and mining, manufacturing and businesses using industrial revenue bonds companies to mention a few.
We have also filed a number of federal alternative energy credits and refunds for clients including government entities for the purchase and use of compressed natural gas and have experience consulting on telecommunications excise tax issues.
Axiom is a full-service business advisory firm which allows us to address our client’s various business challenges. Our diverse experience gives us the ability to address our client’s issues and questions and develop strategies to assist our clients. We help businesses prepare strategic plans, technology decisions, manage growth, improve profitability, and mitigate risk. Customer service is very important to us, so we make it a priority to provide on-site customer and consulting services which differentiates us from other firms.