Audit, tax, consulting, & wealth management leaders Plante Moran is among the nation’s largest certified public accounting and business advisory firms. We provide clients with audit; tax; risk management; financial, technology, and business consulting; and wealth management services. Whether you have a single, specific need or require comprehensive services on a worldwide scale, we have the knowledge, experience, and resources to meet your goals. Our professionals specialize by industry. This means our clients benefit from the expertise and advice of teams who know their specific challenges and how to combat them. We bring the full resources of the firm to every client. Fast facts “One-firm” firm 1924 Without competing office-level profit centers, clients receive the Year founded collective power of the firm regardless of location or geography. 2,200+ Prioritize client service over Total staff maximizing profits 300+ Provide direct access to Partners & affiliated entity members firmwide expertise approx. 900 Number of CPAs Deliver the best resources and 24 talent for your specific needs Locations 27 Foreign languages of professional staff International services A better approach to global growth. For companies who want to move forward in complex global markets, we offer seamless service and scalable value. Drawing on a distinctive blend of audit, tax, and consulting offerings, a genuinely personalized service approach, and flexible reach through carefully crafted relationships around the globe, we help you bridge the gaps across borders while preparing you for the future, so you’re always ready. • Our international concierge desk provides fast, accurate answers to country-specific questions. • We have multilingual experts at home and abroad — including firm-owned offices in China, Mexico, Japan, and India. • We’re a founding member of Praxity, AISBL , the world’s largest global alliance of accounting firms, providing high-caliber service in 103 countries worldwide.
Colleague partnering Culture counts What makes Plante Moran different? We have an award-winning culture based on one simple premise: we care. For one thing, our colleague partner system. Under this model, at least two partners are assigned to each client. This allows The result? Seamless service from talented staff who love what us to provide our clients with more diverse, expert, and well- they do. rounded thinking to solve increasingly difficult day-to-day 98 percent of our clients would recommend challenges and complex issues. Plante Moran to others. 19 consecutive years named to Fortune magazine’s list of “ 100 Best Companies to Work For” in America. 13.1 percent staff turnover rate in 2016 (17.2 percent industry average). Affiliates 1 2 3 4 5 6 7 8 9 1. P&M Corporate 4. Plante Moran Group 7. Plante Moran Finance Benefit Advisors Wealth Management 2. Plante Moran Cresa 5. Plante Moran Real 8. Plante Moran Estate Investment Insurance Agency 3. Plante Moran Advisors Financial Advisors 9. Plante Moran 6. Plante Moran Trust Living Forward™ Stay in the know Visit Plante Moran’s subscription center to opt in to any of our publications, from our industry-focused Perspectives e-newsletters, to timely alerts. It’s all available at: plantemoran.com
Multistate Nexus Review & Planning Manage risk and minimize taxes Are you confident in your efforts to determine whether your business has sufficient contact with a state to be subject to its taxes, or nexus? The nexus standards are complex and constantly evolving as states challenge traditional approaches, such as having a physical presence or employees in a state, and continue the movement to economic or marketplace nexus. Many states have also increased their efforts to discover nonfilers and have rigorous programs to identify them. Tailored approach We’ll evaluate your situation and provide a solution-driven path to mitigate risk and identify potential refund opportunities. A nexus review typically addresses income, franchise, and sales/use taxes, but can always include other types of taxes based on your needs. We have three review objectives: • Determine which state taxes your company may be subject to • Quantify the impact of differences in historical versus required filings • Provide solutions to secure overpayments or mitigate exposure Solution-driven path Gain peace of mind knowing whether required returns have been filed, the potential impact of not filing, and with a solution-driven path that mitigates risk and identifies opportunities for tax refunds or future reductions. • Identify and secure refunds from filing returns where not required. Due to the interaction of state tax laws, there may be income/franchise tax refunds as a result of having nexus in additional states. • Mitigate and eliminate exposure through the voluntary disclosure agreement (VDA) and amnesty programs. These programs often result in significant tax savings based on limited look-back periods for filing tax returns, penalty abatement, and possible interest reductions. • Develop prospective strategies and recommendations for the realignment of business activities or operations that reduce your overall future state tax liabilities. • Provide documentation with reasons for filing and not filing state tax returns, which could be used to support financial statements. • Expedite due diligence by providing potential buyers with an objective profile of your company’s activities. Julie Corrigan Curtis Ruppal julie.corrigan @plantemoran.com curtis.ruppal @plantemoran.com plantemoran.com 2 16- 274 - 6509 6 16- 643 - 4069
Voluntary Disclosure Agreement Mitigate or eliminate back tax obligations Do you have tax skeletons in the closet? If you recently expanded into new states or experienced new activities in an existing state but continue to report your tax obligations the same way, you could be overlooking growing state tax liabilities. Unnoticed or ignored, your unreported tax liabilities and related nonfiling penalties continue to grow, turning into financial burdens that can threaten the health of your business. As states continue enhancing their discovery efforts, more and more businesses are being surprised by big bills for unpaid state taxes. A voluntary disclosure agreement is one of the easiest, and least costly, ways to comply with a state’s income, franchise, business privilege, gross receipts, sales, or use taxes. While a typical look-back period is three to four years, if a state discovers the issue first, it can go back further and include every year you’ve done business in the state. When should you consider voluntary disclosure? • You have multistate business activities and known or suspected outstanding or nonreported tax obligations. • Your organization has business activities or investments in a state where you haven’t been filing. • You recently completed a nexus review and need to mitigate identified risks. • You’ve gone without previous audit inquiries, notices, or billings from a state where you want voluntary compliance. • You want to minimize or eliminate unreported tax obligations. • You’re considering selling your business and want to improve your tax position or minimize the issues raised during due diligence, which can result in changes to the deal and/or significant state tax liability escrow amounts. Reducing your liabilities: How we can help We’ll represent your business anonymously and negotiate an agreement with state tax authorities. This negotiated agreement usually results in payments significantly less than any unreported tax liability. We’ll help: Evaluate available amnesty Define the time period to Limit financial statement programs and determine if include in your voluntary impact of an uncertain they’re more favorable than a disclosure agreement. position. voluntary disclosure. Eliminate or reduce past Alleviate due diligence Evaluate whether activities taxes. issues or concerns. that took place in a state Reduce or eliminate require you to file. nonfiling penalties and Assess the type of taxes you interest. are subject to. Curtis Ruppal Julie Corrigan curtis.ruppal@plantemoran.com julie.corrigan @plantemoran.com plantemoran.com 616-643-4069 216-274-6509
Recommend
More recommend
