State and Local Tax Consultants, Business Tax Specialists

STATE AND LOCAL TAX EXPERTS

404-637-0940

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    • Strategic Reduction of State and Local Taxes
    • State and Federal Interest Review and Recovery Engagement (“SAFIRRE”)
    • Income and Franchise Tax Strategy and Planning
    • Recovery, Including Reverse Audits
    • ASC 740-10 Mitigation and Consulting
    • State and Local Credits and Incentives
    • Economic Development Negotiations For State and Local Incentives
    • Sales and Use Tax Planning and Compliance
    • Motor Fuels Tax
    • Property Tax Appeals, Abatements, and Compliance
    • Should My Company Collect Sales Tax? When? Where? How?
    • Business License Compliance
    • Employee Retention Credit
  • Articles
    • The Sales Factor – Top Five Issues Taxpayers Need to Consider
    • State Income Tax Uncertainty Under FIN 48
    • Addback: It’s Payback Time
    • State Tax Planning – What’s Left
    • Is State Tax Planning Still Viable
    • Sales & Use Taxes Corralling the Runaway Sales Tax Auditor
    • Captive Concepts in State Tax Planning
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Example of Creative ‘Win/Win’ Fee Arrangement

creative-win-win-solutionsAnother client has significant work opportunity tax credits. The client wished to outsource credit processing, a service offered by Barnwell (we currently process several thousand WOTC applications a year). The client wanted to outsource, but insisted that for it to win, it needed to be convinced that the WOTC credit would grow enough to cover the incremental fees. Other WOTC vendors, the client complained, wanted a percentage of the credit. The client’s concern centered on the risk that the credit would not grow enough to cover the percentage fee, a win for the consulting firm but a loss for the client.

We proposed a creative solution, that we would take no fee for the existing credits, but to the extent we “grew” the credit, we would take a larger percentage. The client readily agreed, and has been a happy WOTC client of ours for five years. This example underscores our commitment to value, that we only get paid when the client receives (and acknowledges receipt of) value.

Learn how we can find creative solutions like this for your company. Contact us today for a complimentary consultation.

Schedule Complimentary Consultation

Filed Under: Client Results

In Summary, Barnwell Consulting, LLC can:

  • Find state income/franchise tax refunds and have collected millions of dollars in cash refunds
  • Assist with altering corporate structure when good business purpose exists, to help lower state income tax liabilities
  • Assist with FIN 48 accruals, but more importantly with strategies to resolve FIN 48 uncertainty projects that help companies lower the state effective tax rate.
  • Handle complex income and sales/use tax audits and have been successful in eliminating or reducing material assessments
  • Assist clients with SALT issues in acquisitions and divestitures
  • Identify credits and incentives, which fall into two broad categories, statutory and negotiated. With respect to the former, we see our job less as identifying statutory credits – and more focused on whether our client has fully recognized the credit, and obtained the maximum possible benefit.
  • Client Results

    Retention Credit – “It’s not SALY”

    Georgia Tax Credit for Training Employees

    $40 Million City Incentive Contract

    $2 Million Refund of California Franchise Taxes

    Florida $4.5 Million Corporate Income Tax Refund

    $2.8 Million Settlement Award of California Franchise Tax from Settlement Board

    $270,000 in “Quick Hit” Georgia Sales Tax Savings

    See More Client Results

    Want Similar Results?

    In most of these cases we turned these big wins into deeper relationships and were able to identify additional opportunities. We are grateful to the companies that share their facts with us; a core value of our firm is to invest in gaining contextual knowledge. These examples tell the story: there are hidden opportunities in the state and local tax area for large companies. The trick is to know how to find them, and then how to pull the trigger to lock in the value.

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      Published Articles

      • The Sales Factor – Top Five Issues Taxpayers Need to Consider
      • State Income Tax Uncertainty Under FIN 48
      • Addback: It’s Payback Time
      • State Tax Planning – What’s Left
      • Is State Tax Planning Still Viable
      • Sales & Use Taxes Corralling the Runaway Sales Tax Auditor
      • Captive Concepts in State Tax Planning

      Services

      • Strategic Reduction of State and Local Taxes
      • State and Federal Interest Review and Recovery Engagement (“SAFIRRE”)
      • Income and Franchise Tax Strategy and Planning
      • Recovery, Including Reverse Audits
      • ASC 740-10 Mitigation and Consulting
      • State and Local Credits and Incentives
      • Economic Development Negotiations For State and Local Incentives
      • Motor Fuels Tax
      • Sales and Use Tax Planning and Compliance
      • Property Tax Appeals, Abatements, and Compliance
      • Should My Company Collect Sales Tax? When? Where? How?
      • Business License Compliance
      • Employee Retention Credit

      Compounded Obscurity

      "We analyze specific fact patterns to bring targeted strategies to companies."

      Learn More About Barnwell Consulting

      Consulting Services

      • State and Local Tax Consulting
      • Income Tax / Franchise Tax
      • Recovery - Reverse Audits
      • State and Local Credits and Incentives
      • ASC 740-10
      • Economic Development
      • Sales and Use Tax Consulting
      • Property Tax Appeals and Abatements
      • SAFIRRE
      • Employee Retention Credit

      675 Seminole Avenue, Suite T04
      Atlanta, Georgia 30307

      404-637-0940

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