State and Local Taxes

State tax laws and regulations are not consistent between states. In addition, many states are struggling with finances and looking towards new revenue streams through business taxes and aggressive compliance enforcement with assessment of stiff penalties when businesses are non-compliant. This could easily translate to a significant impact on your company’s profits and effective tax rate. Because it is near impossible for the average business to maintain current knowledge of state and local tax rules and regulations given the ever changing and complex nature of the legislation, it is essential to have a dedicated team such as Esquire Group at your service.

State Income Tax

Through our network we have in-depth knowledge of current state and local tax rules and regulations and we will use this information to help you identify issues or risks that may hinder you from reaching your financial business goals. Esquire Group is dedicated to identifying methods to lower your effective tax rate, reduce financial risk, and improve cash flow. We will thoroughly assess your company’s tax position in regard to allowable business incentives and tax credits available in your state. These incentives and credits come as a result of your investment in the business through hiring, training, and acquisition of new equipment or property.

Our tax professionals are prepared to help you in the following:

• Identify potential refunds and risks
• Identify tax positions and determine risk vs. benefits
• Provide guidance during the tax accounting and compliance process
• Advise you regarding new state and local tax policies and how the changes will affect you’re your returns
• Answer questions during the controversy process, assist with audits, and help to minimize amounts due in the case of assessments

Employment Tax

Our goal is to assist each of our clients in reducing costs, recognizing risks, and improving the payroll process. Through evaluation of payroll and employee tax operations and practices, we are able to identify opportunities and implement changes that could generate tax cost savings for you.

Most states levy a large amount of payroll related taxes, including unemployment and state disability (SDI). State requirements vary and it is essential that you know exactly what needs to be deducted from your employees’ pay and that the amounts be accurately and timely reported to avoid penalties. Esquire Group is prepared to ensure your compliance with each state’s taxing regulations.

Sales and Use Tax

The Esquire Group team is able to provide years of combined knowledge and experience to help companies with sales and use tax issues and guide them in making informed decisions. The following is a partial list of sales and use tax services we offer:

• Sales and use tax structure review
• Tax advisory services
• Risk assessment and mitigation
• Audit support