Taxes

Keep More of What You Earn

Hiring an accountant to shave a few dollars off your personal or corporate tax bill year after year is not the most effective way to minimize your tax burden. A holistic approach that takes into account your current financial picture as well as your goals for the future is more cost-effective in the end.

As with our other services, Clark Nuber chooses to take this holistic approach. We offer these services to all types of industries including manufacturers, healthcare organizations, high technology companies, research institutions, construction contractors, real estate professionals, service providers, retailers, wholesalers, and not for profit organizations. We strategize, plan, and use the most current technology to monitor the constantly changing tax laws and regulations.

Income Tax Planning

We apply the fine points of the tax laws to federal and state income tax planning for individuals, partnerships, limited liability companies and corporations. We believe that tax planning is critical for the growth of a business. If you are just starting out, we can advise you on the different forms of ownership and the related tax consequences. If you have been around for awhile, we can help you with year-end tax planning, evaluating the tax consequences of certain transactions and estate planning.

State and Local Tax Services

We have extensive experience helping our client with multi-state income, franchise, and sales tax issues. We have helped clients in determining filing requirements, identifying and taking advantage of tax incentives, developing advantageous income tax apportionment strategies, and determining the sales taxability of transactions, among other things. Some ideas on how we can work with you include:

  • Business and occupation tax consulting - reduce your Washington state and local B&O tax liability by taking full advantage of available credits, deductions, and exemptions.
  • Sales and use tax consulting - we have saved clients millions of dollars in sales and use taxes by identifying available tax exemptions and deferrals and by recovering sales and use tax overpayments.
  • Multi-state income, franchise, and sales tax planning - we help clients identify and mitigate exposure to other states’ income, franchise and sales taxes, evaluate alternative apportionment and tax filing methods, assist with implementation of tax efficient business realignment
  • Audit representation - we have helped clients achieve successful audit outcomes by working proactively with auditors to minimize business disruption, manage audit scope and duration, constructively resolve issues, and when necessary, pursue administrative appeals.
  • Property tax review - we can help you reduce your personal property taxes by reviewing your current personal property tax affidavits and amending prior affidavits, as necessary.

Bob Heller, a principal at Clark Nuber, has written an article titled "Looking Out for Out-of-State Taxes." In this article, Bob provides key considerations when doing business outside your home state. Click HERE to download the publication.

Tax Preparation

Naturally, we prepare tax returns for businesses, not for profit organizations, individuals, estates, trusts, partnerships and corporations. Our practice also includes up-to-date tax planning and consulting, which provides you with a fully integrated package of services.

Litigation Services

Tax and financial issues are often what make legal disputes so complex. We can assist you in developing and negotiating strategies for all types of legal disputes including divorce, employment contracts and business disputes. We can also help you evaluate the potential economic effects of settlement proposals.

Nexus Studies

“Nexus” is the term for the connection that allows a state to impose its taxes on nonresident businesses. A nexus study is an analysis of where your organization may have filing requirements by identifying activities that are creating a taxable presence in other states. We review state income, sales, use, and property taxes, registration requirements, and payroll tax obligations. Based on materiality thresholds, the cost of compliance and the aggressiveness of the taxing authority, we prioritize your tax obligations for each jurisdiction so you can manage your business risk. And, before you begin filing prospectively in any jurisdiction, we can negotiate agreements with that jurisdiction in order to reduce the tax liability, penalties and interest for prior periods.

Property Tax Exemptions

A personal or real property tax exemption is a valuable asset which can be worth tens or even hundreds of thousands of dollars. We understand Washington property tax exemption laws and have actually worked with various organizations to write several exemptions passed by the Legislature.

Personal Property Tax Analysis

A personal property tax analysis can permanently reduce your annual tax burden. These reviews examine the tax classifications of assets to segregate them into little-known categories that quickly minimize your annual assessment. They also verify the removal of disposed assets and reduce the value of your assessment for other non-includable items. As with our state tax studies, our fee for these services can be set such that it is contingent upon success.

Tax Exempt Status Filing and Management

Clark Nuber can provide your organization with experienced consultants to help you file for tax-exempt status—or manage the entire process from start to finish, leaving you free to pursue the more important goals of your organization.