From strategic planning to compliance, the state and local tax (SALT) services professionals at UHY Advisors have the experience and resources to improve your overall state and local tax position. We offer a variety of services that provide solutions to today’s complex challenges including services for state income and franchise taxes, transaction taxes, property taxes, credits and incentives, and unclaimed property.
We believe in offering the highest quality of personal service. Our professionals provide the personal attention and focus to help you understanding how individual decisions could affect your company's overall tax issues. We take the time to build a productive relationship to understand your challenges and provide the most effective solutions.
State and local tax issues require a special combination of knowledge, competencies, and experience which is why our national state and local tax professionals are fully dedicated to this specialty.
Some of our specific services include:
On Aug. 23, 2018, the Internal Revenue Service issued proposed regulations governing the availability of charitable contribution deductions when a taxpayer expects to receive a corresponding state or local tax credit.
Pursuant to the South Dakota v. Wayfair ruling, the Michigan Department of Treasury has announced that beginning Oct. 1, 2018, remote sellers, regardless of in-state presence, who meet certain requirements, must pay sales tax on transactions of taxable sales in the state. The Supreme Court decision in June has led to several states enacting new legislation pertaining to the collection of sales tax based on "economic presence".
As Michigan corporations work through the intricacies of the Tax Cuts and Jobs Act (TCJA) for their
Michigan's new tobacco tax processing system, "Michigan Automated Tax System" (MiMATS) will begin July 30, 2018. The July 2018 tobacco tax returns will be filed using the MiMATS system and are due Aug. 20, 2018.
On June 21, the US Supreme Court issued its decision on the South Dakota v. Wayfair case regarding nexus determination for sales tax. In a 5-4 decision favoring South Dakota, the Court overturned judicial precedent dating back 50 years when it concluded Quill (1992) and National Bellas Hess (1967) to be unsound and incorrect.