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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$2.7M Georgia Jobs Credit

… [Read more...]

Filed Under: Uncategorized

Retention Credit – “It’s not SALY”

Tax return preparers know the shortcut in preparing current year returns, called “SALY”. SALY stands for “same as last year”. The SALY shortcut provides a quick method to review a tax return before filing using the prior year return as a guide. While the numbers from year to year are most certainly different, for the most part the annual transaction cycle is … [Read more...]

Filed Under: Client Results

Georgia Tax Credit for Training Employees

Georgia offers an income tax credit for businesses that retrain existing employees on new technology or software, quality management, and similar programs. The credit may offset 50% of the taxpayer’s liability. While the credit may be quite lucrative, companies sometimes overlook it. Barnwell found such a case with a large telecommunications company that trained … [Read more...]

Filed Under: Client Results

$40 Million City Incentive Contract

A construction materials client purchased several other companies in its industry. The company became plagued with arcane and inconsistent accounting systems, and decentralized operations. For two years following the acquisitions the company consolidated operations. We understood that by centralizing the sales force in a central location, we could obtain a significant … [Read more...]

Filed Under: Client Results

$2 Million Refund of California Franchise Taxes

California’s Franchise Tax Board is known for its two-sided interpretation of the theory of unity and seems to recognize the facts that lead to unity when the tax is greater or non-unitary when the tax is less. The unitary theory is so esoteric that taxpayers have a difficult time determining unity, and if unity exists, when it might exist. We met with a new client … [Read more...]

Filed Under: Client Results

Florida $4.5 Million Corporate Income Tax Refund

This taxpayer sold a significant business and reported an apportioned share of the gain to Florida. Advice from a “Big 4” firm was that “Florida doesn’t have non-business income” and therefore the client was advised to report an apportioned share of the gain. We told the client that while Florida has a statute that typically requires apportionment this is certainly … [Read more...]

Filed Under: Client Results

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

In this case, the Texas based client sold Texas based radio and TV stations for a significant gain. Since the California operations were unitary with the Texas and other operations the client properly apportioned the extraordinary gain. This resulted in over $10 million in California Franchise tax. Upon our review of the return we determined that the taxpayer had … [Read more...]

Filed Under: Client Results

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

In a regular meeting with a client relationship, the client (CFO) informed us that the company planned to close on the purchase of a large software package. We inquired as to whether the client would be paying sales tax on the software in Georgia. ‘Yes, we are. We looked at it, and it appears the software is taxable, and the vendor agrees and plans to collect it’. The … [Read more...]

Filed Under: Client Results

Example of Creative ‘Win/Win’ Fee Arrangement

Another 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. … [Read more...]

Filed Under: Client Results

IRC §338(h)(10) Win in California

A new client sold a subsidiary for a $110 million gain, and hired a regional CPA firm to prepare the tax returns to report the §338(h)(10) gain, a transaction in which the sale of stock gets treated as the sale of assets for tax purposes.  The regional firm prepared the California return, reporting a $1 million tax.  The company agreed to Barnwell’s review prior to … [Read more...]

Filed Under: Client Results

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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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