Chicago Sales Tax Consulting Services
Operating in multiple states? Contact our state and local sales tax consultants to identify and minimize your tax liabilities.
SCHEDULE A CONSULTATIONBusinesses need to be effective with their tax planning and management as they are responsible for filing federal as well as state taxes. If your business operates in multiple states, the state and local tax (SALT) situation becomes more complicated. Local taxes, including sales tax, can not only vary from state to state, but also city to city. It helps for businesses with tax liabilities in multiple states to work with a consultant that specializes in state and local tax and can discover where you have established tax nexus.
At STE, we provide state and local tax consulting, including sales tax, for businesses in the Chicago, IL area that operate in multiple states. We have a thorough understanding of state and local taxes and sales and use taxes to help you create and implement a multistate tax strategy. Our professionals will evaluate your tax nexus with the states in which you operate or do business to identify and minimize your tax liabilities.
State and Local Sales Tax Consulting
Multiple state tax filing can quickly become messy for a small business. There are so many factors to consider including tax laws and sales tax rates on the state and local levels as well as property tax if you have a physical location in more than one state. You must also analyze your tax nexus established in each state in which you do business.
Our state and local tax consultants will start by analyzing your tax nexus to identify your tax liabilities in each state. We will help plan and prepare state and local tax returns and determine what of your products or services are subject to sales tax as well as the sales tax rates. With this information, we can then develop a tax strategy and manage multiple state tax filing.
Our SALT and sales tax consulting services can cover the following:
- Tax nexus evaluation: Your sales tax nexus is the tax relationship between you and the states in which you do business. If you have a location or conduct business in another state, you have likely established a nexus and may need to collect and remit sales tax. Our professionals can also evaluate your sales tax nexus to identify your tax liabilities in other states.
- Property tax compliance: We will review the properties your business holds in other states, including active and abandoned or unclaimed property, to include them on your tax returns.
- Income and franchise tax: We can calculate your income and franchise tax in each state and identify ways to minimize your state income tax liabilities.
- Sales and use tax consulting: Our professionals will ensure that you are in compliance with sales and use tax laws and identify applicable exemptions and refunds to reduce your sales and use taxes. We work with software products like Taxjar and Avalara to help you evaluate your sales tax nexus in each applicable state. We will also identify which of your products or services are subject to sales taxes and how to catalog the sales taxes with online sales.
Contact STE
If you do business in multiple states and have a tax nexus established within these states, STE can help with the tax strategy and planning with our state and local tax consulting services. Give us a call at (815) 836-0100 to schedule a consultation.
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OUR SERVICES
Accounting
- Statuary Accounts
- Management Accounts
- Bookkeeping
- Business Plan
Tax
- Tax Investigation
- Capitol Gains Tax
- Tax Advisory
- Corporation Tax
Consulting
- Registered Office Address
- Company Formation
- Company Secretarial
- Legal Helpline
QuickBooks/ Bookkeeping Services
All of the financial information and data for your business should be organized and in one place so it is easy to access. With our bookkeeping services, we will organize and manage your financial information within the QuickBooks software so you can easily access it at any time. While we manage your financial matters on a daily and monthly basis, you will be in control as we will keep you updated and ensure you can access and monitor your finances. If you are applying for a loan, doing your taxes, or budgeting, having quick access to your financial information is important. We can assist large businesses and provide small business bookkeeping.Advisory Services
Our accountants can take on an advisory role with your company through our business consulting services. We will work with you to understand your financial goals and help you make the right decisions to reach your goals and help your business grow and become more profitable. Our business advisory services include advisement for investments, taxes, payroll, bookkeeping, administration, and more.Estate Planning
It is important to manage your estate to help protect its value and ensure that your assets are distributed properly between your beneficiaries. Our accountants can assist with your estate planning, including managing the taxes to preserve its value and ensuring that your assets are distributed according to your wishes. Our estate accountants will identify ways to protect your estate from inflation and taxes and minimize what you are paying in taxes to maximize its value.Sales Tax / Nexus
Sales tax rates and laws are decided locally and differ between states and cities. This can make sales and use tax difficult to manage for businesses, especially those that operate in multiple cities and states. Our certified public accountants can help manage your sales and use taxes by ensuring that you are in compliance with applicable sales tax laws and identifying opportunities for refunds and exemptions. We have a thorough knowledge of sales tax laws and we can even help businesses that operate in multiple states with filing their taxes. Using Nexus tax analysis, we can help multi-state businesses stay in compliance with all applicable tax laws.Payroll Services
We provide payroll services to small businesses and international businesses that operate in the U.S. Our accountants will streamline your payroll process and manage the tax withholdings and benefit deductions from employee paychecks. We can also file the tax returns for your business that account for the tax withholdings.Call the CPAs of STE Corporation
Contact our CPA firm if you want to work with our accountants to help manage the finances for your business in Park Ridge, IL. You can call STE Corporation at (815) 836-0100 to talk to our professionals or schedule a free consultation.FREQUENTLY ASKED QUESTIONS
WHAT OUR CLIENTS SAY ABOUT US
“Everyone at STE has been amazing. As a small business owner it is essential to have people on your team that are experts in all areas. When it comes to finance and taxes Jim and the team at STE fill that need. Thanks for being great at what you do and always be there!”
“STE has been handling our personal, business accounting, and payroll for years. They are knowledgeable, easy to reach, and very welcoming. Would definitely recommend them.”
“I have had nothing but pleasant experiences at STE. They are knowledgeable and provide great service.”
“We have used STE Corporation for our payroll and tax service needs over the past 3+ years and extremely pleased with the partnership we have created.”
“My husband has operated his painting business since 2004, first as a sole proprietorship and later as an S corporation. STE has been instrumental in helping him grow his business and remain in compliance. I cannot thank Mike, Marybeth, Jim, and Lisa enough for helping him get organized and stay that way. They have truly been the business office he needed in order to focus on the part of his business he enjoys – painting and customer service Their professional staff literally have never let him down – payroll, state taxes, federal taxes, consultation, ledger reconciliation, profit and loss sheets, and probably lots of things I do not even know about! Hiring this firm was the best decision he could have made. He looks forward to visiting the office, everyone makes him feel like family. I appreciate their professionalism and efficiency. Thank you STE!”
OUR SERVICES
Accounting
- Statuary Accounts
- Management Accounts
- Bookkeeping
- Business Plan
Tax
- Tax Investigation
- Capitol Gains Tax
- Tax Advisory
- Corporation Tax
Consulting
- Registered Office Address
- Company Formation
- Company Secretarial
- Legal Helpline