Complex regulations and volatility in state and local governments pose challenges to businesses every day. In pursuit of untapped opportunities to optimize their tax positions, organizations must work through dense, constantly shifting tax codes. The enactment of the OBBBA intensifies state tax conformity challenges, creating ongoing uncertainty for businesses navigating bonus depreciation treatment, the Section 1202 QSBS exemption, Section 163(j) interest expense limitations, Section 174 expensing rules, and other key provisions.
To understand how these changes could impact your taxes, count on our state and local tax specialists to do the heavy lifting. We continuously monitor the evolution of state and local tax rules in all 50 states, staying ahead of legislative, regulatory, and precedent-setting developments to keep your team informed. Combined with our extensive industry knowledge, our technical tax skills deliver customized state and local tax planning strategies, so that your organization can minimize tax obligations while managing risk.
