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State and Local Taxes

State and local taxes represent some of the largest expense items for financial institutions.

Crowe Horwath LLP takes a proactive approach, emphasizing tax planning rather than mere compliance. A four-step process guides our service to financial institutions:

  • Appraisal – initiating discussion of key issues with you;
  • Assessment – evaluating tax-saving opportunities and reports;
  • Implementation – putting recommendations into action;
  • Follow-up – ensuring an ongoing relationship to address issues as they arise.

Our State and Local Tax (SALT) group helps financial institutions cope with the maze of complex and frequently conflicting tax laws. Our service areas include income and franchise taxes, sales and use taxes, property (ad valorem) taxes, and business incentives. We also assist financial institutions with tax audits and advocacy, when permitted.

Crowe’s highly trained professionals work exclusively on state and local taxes. Several of our SALT specialists have worked on the government side or with financial tax departments in different parts of the United States.

A state and local tax minimization study can focus on your institution’s income taxes, or be much broader in scope, including sales and use taxes, property taxes, and other taxes. Our professionals are determined to find ways to help you reduce your state and local tax burdens.

 

Under U.S. Treasury rules issued in 2005, we must inform you that any advice in this communication to you was not intended or written to be used, and cannot be used, to avoid any government penalties that may be imposed on a taxpayer.