- U.S. state sales tax consulting may include the following:
- Tax considerations for business location selection:
- Corporate income tax rates and policies: Corporate income tax rates and policies differ across states and cities; companies should consider choosing the most favorable tax environment.
- Property tax and local taxes: Property tax and other local tax rates vary by jurisdiction, requiring a review of local tax conditions.
- Employment/payroll-related taxes: Some states and cities impose employment-related taxes; companies should consider headcount, total payroll, and the associated tax costs.
- Tax incentives: Understand local incentive programs—such as corporate tax credits and investment incentives—to minimize overall tax costs to the greatest extent possible.
- Key tax issues for employees assigned to the U.S. :
- Tax residency: Assignees must determine their U.S. tax residency status to understand their federal and state tax filing and payment obligations.
- Tax treaties: Assignees should confirm whether the U.S. has a tax treaty with their home country to help mitigate double taxation.
- Social Security and Medicare taxes: Assignees may be subject to Social Security and Medicare taxes and should understand the related withholding, filing, and reimbursement procedures (as applicable).
- Credits and exemptions: Assignees may be eligible for certain federal and state credits and exemptions; it is important to understand the relevant rules and procedures.