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State And Local Tax Services From Lecg Smart 04 07 10 Jl Ed

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State and Local tax Services From LECG-SMART

State and Local tax Services From LECG-SMART


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  • 1. LECG-SMART State And Local Tax Services A global expert services company providing expert testimony, authoritative studies, and strategic advisory services to clients including Fortune Global 500 corporations, major law firms, and governments worldwide. www.lecg.com
  • 2. 2 State and Local Tax Services Personal Property Tax Compliance Personal Property Tax Consulting Real Estate Tax Consulting Sales and Use Tax Compliance Services Sales and Use Tax Consulting State Income/Franchise Tax Compliance State Income/Franchise Tax Consulting Tax Technology Consulting
  • 3. 3 SALT Services Tax Planning, Compliance and Consulting Tax Accounting and Provision Analysis g y Tax Incentives and Credits Transaction Analysis Tax Technology Consulting Audit and Controversy Representation Diagnostic Services Outsourcing, Co-Sourcing
  • 4. 4 Selected SALT Client Experience p Ace Hardware Lehigh Heidelberg Cement Group AIG Limited Brands America Online LVMH Aramark MARS Ball National Envelope Best Buy New York & Company Co-Activ Capital Partners Olympus Comcast Corp. SIEMENS ConocoPhillips TransWorld Entertainment DEB Shops Tween Brands Dollar Tree Stores Inc. Stores, Inc ULTA Empire Today Unisys Exelon United Retail Group, Inc. First American Equipment Finance WelchAllyn Helzberg Diamonds WMS Gaming
  • 5. 5 SALT Client Recognition g SMART has been preparing our sales and use tax returns Helzberg Diamonds has enjoyed a business for over four years now, and I want to take a moment to relationship with SMART for the past 25 years. thank the entire SMART Compliance Team for all you do SMART provides Helzberg Diamonds with a full service property tax compliance program and also behind the scenes to take the detailed tasks required assists us with tax planning for our new stores We stores. each and every month and produce such high quality y p g q y have been extremely satisfied with the quality of the work. For the many returns that get prepared and sent by service that we have received from SMART and the SMART, we get very, very few notices from any state. We professionalism of the individuals that we have dealt are grateful for the service you perform on our behalf and with. We have also been very pleased with the fact look forward to next year. that our account has been serviced by a very stable staff over the past few years. The individuals on the Jeff Mastin, Tax and Risk Manager SMART team who service our account, have many Welch Allyn, Inc. years of experience in the business and are very knowledgeable concerning the various states in which we operate. SMART has also been very proactive in maintaining the latest computer technology available AIG has used SMART to prepare amended state income and does an excellent job of keeping us advised of tax tax returns related to federal tax audits for five closed tax law changes and the most advantageous position for years. years In the process of selecting a vendor to perform this our company to take in regards to those changes. service, we met with three of the Big Four firms, SMART, and Jefferson Wells. In addition to the obvious reduction I would highly recommend Smart and Associates to in fees between the Big Four and SMART due to the any company who has a need for a very difference in business models, we were also impressed knowledgeable, professional and service-oriented by the professionalism and approach that SMART brought p p y property tax compliance provider. p p to the table table. Lonnie J. Lawton James R. Gruber CFO American International Group, Inc. Helzberg Diamonds
  • 6. 6 Client Experience p Types of Clients Industry Specialization Large domestic and g Leasing g multi-national companies Insurance and Financial Middle-market companies Services Closely-held and Retail family-owned businesses Healthcare Start-ups of all sizes p Life Sciences – Biotech/ Wealthy Individuals Pharmaceutical Manufacturing
  • 7. 7 Personal Property Tax Services p y Our property tax professionals take a full assessment of your business assets, classifying which assets need to be reported and taxed as personal property in the appropriate tax assessing jurisdictions using the following procedures: Analyze your current taxable and non-taxable assets Prepare and fil personal property returns P d file l t t Process and reaffirm property tax assessment notices Appeal property tax assessment as needed Provide full documentation and support if your return is audited Process and approve tax bills in a timely matter Direct tax payments to taxing jurisdictions through individual client escrow accounts, including monthly bank reconciliations Our O personal property tax service combine th hi h t l l t t i bi the highest level of t h i l resources with proven experience t provide l f technical ith i to id clients excellent value while offering the following differentiators from our competitors: SAS 70 Type II Certification Significant Managing Director/Senior Manager Touch Attractive fee Structure Depth and breadth of Service Knowledge Results that Minimize Taxes and Maximize Cash Flow
  • 8. 8 Real Estate Tax Consulting Services g Our comprehensive real estate tax consulting approach: Initial data collection and review Analysis of relevant property issues; review appropriate valuation methodologies; and research applicable credits, exemptions and/or abatements Determination of assessment appeal status: review findings with client Timely preparation of appeal and filing: conduct formal review with assessor Documented filing of appeal (e.g. Certified mail overnight carrier receipt et ) (e g mail, receipt, et.) Thorough preparation of assessment appeal presentation Meet with assessment official at the administrative level(s) Review of jurisdiction findings with client Determination of further appeal, if necessary (tax court) LECG-SMART will work to; Determine the accuracy of all data y Examine state-specific treatment of real property
  • 9. 9 Sales and Use Tax Consulting Services g Audit representation and management Nexus reviews Voluntary disclosure agreements Due diligence reviews Reverse sales tax audits – opportunity for refund Compliance reviews of exemptions, sales, and procedures Taxability matrices and determinations Training seminars Tax Department intranet packages (on-line subscriptions) Tax system development and implementation
  • 10. 10 Sales and Use Tax Compliance Services p The use of our fully supported and updated databases and software tools ensures compliance with the ever-changing demands of the compliance function. Our SAS Type II-Certified services include: Tax Return Outsourcing Choose from two levels of service Tax return preparation only Full service, including filings and payments Access to SmartTaxOnline for data exchange 24/7 web access to your tax returns / Secure data uploads without emails Controlled processes to ensure quality LECG-SMART reconciles your data to your return Acceptance of multiple disparate data sources Taxes Supported U.S. Sales and Use Taxes Canada GST/HST, PST, and QST Puerto Rico Sales and Use Taxes U.S. Telecommunication Taxes BPOL and Excise Taxes: Delaware, Washington State and select others supported
  • 11. 11 Tax Technology Consulting Services gy g When it comes to accessing and processing tax-critical information, an automated solution is vital to avoid high internal compliance costs, lost tax benefits, increased tax assessments, and interest and penalties that may accrue from information gaps, errors, and inaccuracies. SMART consultants provide their clients with the knowledge and expertise for state of the art tax processing and compliance solutions. Tax Integration Services ERP, Billing, and Procurement Systems SAP System Diagnostic and Optimization Oracle Requirements Definition JD Edwards Technical Interface Design & Development Lawson Functional Design Ariba Testing, Training, and Support Perfect Commerce Sales and Use Tax System Partners Telecommunications Tax Systems ADP Taxware BillSoft Billsoft Vertex Sabrix Vertex Federal, State Federal State, and International Income Tax System Implementation Exemption Certificate Management System Implementation Property Tax System Implementation
  • 12. 12 State Income/Franchise Tax Services Tax Compliance Preparation of state and local income and franchise tax returns Amended return preparation due to federal reporting changes Outsourcing and co-sourcing of state and local tax compliance co sourcing Planning/Liability Analysis Financial Statement presentation including FAS 109/ FIN 48 assistance and remediation Analysis of nexus and jurisdictional filing requirements Voluntary disclosures & amnesty applications to minimize liability Use of alternative structures to manage state income tax expense Apportionment analyses and planning to manage the overall effective state and local tax rate Location studies to assist in the assessment of tax implications of site selection Credit and incentive analysis to maximize benefits and compliance with program requirements Payroll / withholding tax consulting Transactional due diligence Audit Defense Planning, Support and Representation Pre-audit review to assess potential exposure from upcoming audits Off-site Off site audit representation to minimize auditor disruption in the workplace Negotiation of audit settlements Administrative protests and petitions
  • 13. 13 Strategic Alliances g ADP Taxware Tax Compliance, Inc. MarketSphere Thomson Reuters Sabrix Vertex
  • 14. 14 About Us In March 2010, LECG, LLC (XPRT:NASDAQ) and SMART Business Consulting and Advisory, LLC merged. The combined LECG-SMART is a global expert services and business advisory firm with more than 1,100 professionals in 39 offices worldwide. Our clients include Fortune Global 500 corporations, major law firms and local, state and federal governments and agencies worldwide. LECG-SMART has experience in consumer products energy entertainment media and sports, environment and natural products, energy, entertainment, sports resources, financial services, healthcare and life sciences, insurance, petroleum and chemicals, professional services, real estate, telecommunications, and transportation. We provide our experts with autonomy, flexibility and a capable professional staff-support function. Our experts and managing directors are: f ti O t d i di t Renowned Academics Former Senior Government Officials Experienced Industry Leaders Seasoned Consultants
  • 15. 15 Who We Are Litigation, Forensics & Finance Advisory Services Bankruptcy & Restructuring Forensic Accounting Finance, Finance Valuation & Damages Insurance Claims Intellectual Property Legal Technology & Analytical Consulting Economics & Dispute Resolution Antitrust & Competition Policy Economic & Financial Regulation International Arbitration Labor & Employment Securities Litigation Consulting & Business Advisory Actuarial Services Executive Solutions Financial Solutions Outsourcing Solutions Compensation & Benefits Consulting Technology Solutions Governance Assurance & Tax Audit & Attest Services (through SMART and Associates, LLP) Internal Audit & Risk Management International Tax Federal Tax State & Local tax
  • 16. 16 Our Global Footprint p Global resources to serve large multinational clients International infrastructure optimizes experts’ skills and income potential
  • 17. 17 John Langman Contact Information Senior Manager 847.558.5681 jlangman@lecg.com P.J. Olzen, CMI James Petersen, CIAO Ted Kolman, MBA Managing Director Director Senior Manager Personal Property Tax 847.558.5679 847.558.5680 972.668.3704 polzen@lecg.com jpetersen@lecg.com tkolman@lecg.com P.J. Ol P J Olzen, CMI Walter G i W lt Grimms, CMI William Solt Willi S lt Managing Director Senior Manager Senior Manager Real Estate Tax 847.558.5679 847.558.5682 678.921.8022 polzen@lecg.com wgrimms@lecg.com wsolt@lecg.com Randy Holloway, CMI Reba Pennington, CMI Gerard Glynn, CPA, MT Managing Director Director Director Sales and Use Tax Consulting 678.921.8016 678 921 8016 678.921.8007 678 921 8007 610.964.4085 610 964 4085 rholloway@lecg.com rpennington@lecg.com gglynn@lecg.com Richard Hofrichter, CPA, CMI Gerard Glynn, CPA, MT Willis Abernathy, CPA Managing Director Director Manager Sales and Use Tax Compliance 678.921.8008 610.964.4085 678.921.8023 rhofrichter@lecg.com gglynn@lecg.com wabernathy@lecg.com Richard Hofrichter, CPA, CMI Debbie Di Meo, CPA Mark Rems, MBA Managing Director Director Senior Manager Tax Technology Consulting 678.921.8008 312.802.6276 610.964.4054 rhofrichter@lecg.com ddimeo@lecg.com mrems@lecg.com Matthew Melinson, CPA, MT Vito Cosmo, MST Roger Mierzwa, CPA Managing Director Director Director State Income and 610.964.4096 610 964 4096 610.964.4103 610 964 4103 212.971.5246 212 971 5246 Franchise Tax mmelinson@lecg.com vcosmo@lecg.com rmierzwa@lecg.com

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