WE effectively consult on all aspects of Indirect Tax
Our team is equipped to handle indirect tax issues including implications related to:
E-commerce disruptors
Remote sellers with no physical presence in states continue to navigate a post-Wayfair, economic nexus tax world. Accurate economic nexus analyses, including a review of the impact wholesale sales have on the revenue threshold, sales tax registrations and timely sales & use tax return filing helps to prevent audits, ultimately saving time and expense.
M&A Due Diligence
Indirect Tax is typically an after-thought to a transaction but can significantly impact the deal. Considering such taxes as sales and use, payroll withholding, and property, among others, earlier in the process can mitigate surprises at the last hour for both the buyer and seller.
Audit Defense & Appeals
With Libertas on your team to help protect your position through an audit, appeals process, addressing your Audit Committee or Board of Directors, your interests will be well represented. We understand the uncertainties involved with navigating the complexities of an audit and provide a measured and documented approach to your audit.
Sales & Use Tax Refunds
Performing reverse audits can reveal overpaid sales and use tax that can be recovered from state and local governments for amounts paid within a jurisdiction’s statute of limitations period.
Sales & Use Tax Compliance
Tax compliance can be a complicated and involved undertaking with serious penalties for noncompliance. It involves an ongoing process of analyzing state and local tax laws, properly reporting tax according to each state's procedures, and maintaining each unique state-level account. Whether you need assistance with continuous, efficient filing or catching up on historical returns.
Taxability Determinations
Classifying services and tangible personal property for sales and use tax purposes with the 45 states & DC that impose a sales and use tax can be a daunting task. Our streamlined and well-documented approach to the decision making process is thorough and detailed, resulting in accurate and reliable taxability determinations. When in doubt, reach out.
Voluntary Disclosure Agreements
Inevitably, every taxpayer discovers some amount of unpaid tax liability. Even if a state does not have an open amnesty program, taxpayers can avoid paying related penalties by coming forward to the state through its Voluntary Disclosure Agreement program.
Payroll Withholding
Conflicting executive orders amongst various governors highlighted payroll withholding issues during COVID, but many of the issues continue after the expiration of those orders. Employees working remotely from home is more prevalent and in many instances a permanent work arrangement. Discerning which state’s laws apply for purposes of withholding can be confusing. We can assist with that analysis and resulting determinations.
Indirect Tax Industry Expertise
Due to the wide breadth of experience of the Libertas Team, we possess a wealth of knowledge across multiple industries, some of which are:
Aviation
Banking & Financial Services
Data Communications
eCommerce
Energy+Alternative/Oil & Gas
Fintech
Food & Beverage Services
Health Care
Higher Ed
Hospitality
Information Technology
Manufacturing
Non-Profit Sector
Pharmaceuticals
Retail
Telecom
Transportation & Shipping
Wholesale Trade & Import/Export
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Let us help optimize your tax strategy.
