Your Trusted Multistate Sales and Use Tax Advisors
With more than 75,000 state and local taxing jurisdictions nationwide, just keeping up with the ever-changing rules and regulations can be daunting. Trying to identify business opportunities and manage risk on top of that can become downright overwhelming. That is where we can help. Thompson Tax has decades of combined experience in government and Big 4 accounting and can provide customized solutions for your sales and use tax needs. We take a hands-on approach to ensure you stay informed every step of the way and that you remain confident with your business decisions.
What Makes Thompson Tax Different?
Exceptional Service
We understand the various challenges that state and local tax laws can pose, and we are here to unravel and streamline the process for you. Our main goal is to make your job easier, and we do just that with our single point-of-contact method and hands-on personal approach. We consistently go above and beyond to ensure that our relationships last.
Experience
Thompson Tax celebrated our 20th Anniversary in 2022. With decades of experience and institutional knowledge in government and Big 4 accounting across our team, our tax professionals know how to expertly navigate the world of sales and use tax. Experience counts. Let us be your Trusted Tax Advisor.
Dedication
We are committed to providing you with peace of mind. We are here to advise you on best practices, and our dedicated sales tax consultants will ensure you stay in the know.
We Are Your Trusted Multistate Sales and Use Tax Advisors
Sales & Use Tax Compliance
Our sales tax experts can help you stay in compliance wherever you conduct business. We know the ins-and-outs surrounding the long list of rules and regulations related to sales and use tax, and can assist you with the preparation of SALT registrations, sales and use tax return filings, annual business license and exemption certificate review, and so much more.
Nexus and Taxability Research
Tax definitions tend to broaden as individual state and local jurisdictions attempt to secure more income. Thompson Tax will help you determine whether your products and services are subject to sales and use tax as well as where and when you need to collect and remit that tax.
Mergers & Acquisitions
If you are looking at merging or acquiring another business, performing a due diligence analysis is a must. Thompson Tax can assist by conducting a thorough review of your State and Local Tax (SALT) profile. We can then identify potential liabilities and recommend ways to reduce them.
Audits & Reverse Audits
Our external audit expertise includes pre-audit planning, assistance with ongoing audits, and review of recently completed audits. Thompson Tax can also perform internal audits by reviewing your operations and processes to identify areas of potential overpayment and offering advice regarding refunds that may be available.
State, Local, & International Tax Consulting
Our sales and use tax experts not only have you covered stateside, but we work with global resources to help determine if you are required to collect and register for any international taxes such as GST or VAT as well.
Technology
Many companies seek ways to streamline compliance-related activities and reduce costs. Thompson Tax can assist your business by helping select the sales tax rate engine best suited to your ERP and by analyzing the tax consequences that may occur during system conversions. We can also provide technical support and customized implementation guidance to keep you in sync every step of the way.
Industries We Serve
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Amusement
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Beverage Manufacturing
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Biotech
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Computer Software
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Contracting
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Digital Goods and Services
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Farming
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Green Energy
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Hospitality
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Leasing
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Manufacturing
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Medical Devices
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Motion Picture
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Personal and Professional Services
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Pharmaceuticals
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Recycling
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Retail
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Telecom
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Wholesale
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And More
Thompson Tax Offers Services Tailored To Your Specific Industry
Sales and use tax can significantly impact any industry, including the one you work in. This can be particularly challenging for businesses operating in multiple states, each with its own laws and regulations. It is essential to know how your business is affected; is your product or service taxable, what exclusions or exemptions may apply, and are there any programs you can benefit from? Knowing the ins and outs of compliance is essential to the future of your business, and Thompson Tax specializes in many different industries. Let us be your Trusted Tax Advisor.
Building a solid reputation in the construction industry takes time, dedication, and a commitment to quality. Thompson Tax built our reputation the same way. Let us assist your team with your sales and use tax needs while you concentrate on building for the future.
When it comes to providing products to consumers, it's essential to understand your target audience and their needs. At Thompson Tax, we understand your sales and use tax needs. We are here to help you maintain compliance so you can focus on the thing you do best: sales.
Breaking new ground in the Life Sciences industry requires a combination of innovation, expertise, and the ability to navigate complex regulatory environments - all while staying ahead of the curve. Let the Thompson Tax team lighten the load by trusting us to navigate the complex world of sales and use tax on your behalf while you focus on your groundbreaking endeavors.
Offering personal and professional services in today's world requires a deep understanding of the rapidly changing landscape and the diverse needs of clients. Building relationships based on trust, transparency, and open communication is also key to success, and we practice what we preach here at Thompson Tax. Let us share our sales and use tax expertise with you as you share your specialty with the world.
To thrive in the fast-paced and ever-changing technology realm, businesses must be agile, forward-thinking, and able to harness the power of cutting-edge tools and technologies as they endeavor to drive innovation. Rest assured, knowing that you can forge ahead unencumbered. Thompson Tax will harness our knowledge of sales and use tax compliance to keep you steaming in the right direction.
Thompson Tax is Here for You
Whether you need help with multistate or local sales and use tax matters, business license or exemption certificate review, audit support, tax technology support, or any other SALT-related issues, we are here to help and are always just a phone call away.
Let Thompson Tax be your Trusted Tax Advisor.
Our clients range from small, locally-owned businesses to Fortune 500 companies
Sales and use taxes are a crucial source of revenue for state and local governments in the United States. Over the years, several landmark court cases have shaped the application of sales and use taxes, especially concerning interstate commerce. Unlike with income tax, there is no national sales and use tax legislation, no public law like 86-272 which is an income tax-only national standard.
Click here to explore five pivotal cases that highlight the evolution of U.S. sales and use tax nexus from a physical-only nexus standard to a combination of physical and economic nexus (varying by state) and to discover why consulting with a sales and use tax advisor is invaluable for navigating these complexities with confidence.
- Scripto, Inc. v. Carson (1960)
- National Bellas Hess, Inc. v. Department of Revenue of Illinois (1967)
- Complete Auto Transit, Inc. v. Brady (1977)
- Quill Corp. v. North Dakota (1992), and
- South Dakota v. Wayfair, Inc. (2018)
