State & Local Tax
As states wrestle with constrained budgets, they are trending toward more aggressive enforcement of compliance and more strictly applied noncompliance penalties. Operating within this environment requires a meticulous state and local tax strategy, one that factors in the need to keep current with the inevitable fluctuations of relevant legislation within all jurisdictions.
HRSS understands that local and state taxes have the potential to substantially affect a business’s cash flow and risk profile. Our professionals couple technical expertise with industry-specific knowledge to craft a state and local tax strategy that is sustainable throughout the tax lifecycle.
State Income Tax
A substantial portion of a company’s overall tax liability originates from state and local tax regulations. This holds true especially for businesses with multi-state operations.
To combat the pressures incurred by state tax burdens, HRSS offers targeted, effective tax preparation and compliance services. With us on your team, you can focus on running your business, not keeping up with complicated state tax law.
Sales & Use Tax
For businesses with multi-state sales, complying with sales and use tax inevitably introduces a confusing array of forms, filing requirements, and tax rates.
Our tax preparation and compliance services for this intricate area of the tax law preserves your company’s internal resources and protects your firm from noncompliance.
Businesses are mandated to withhold income and employment taxes from their employees in each paycheck. This employment tax, also known as a payroll tax, adds a layer of complexity to a business’s tax situation. Further, payroll audits, independent contractor compliance, workers’ classification health insurance credit, overtime, and minimum wage all present potentially confusing issues faced by a variety of businesses.
HRSS has the necessary experience to explain the regulations of the Texas Workforce Commission and the Department of Labor. We skillfully advise our clients on how to deftly handle all tax implications associated with employees. With our guidance, clients can meet their tax obligations on time and in a manner most advantageous to their bottom line.