Triggering Events: Best Times For A Review

A state tax review can be outsourced at any time. However, the best times to begin the process are:

• Upon notification that a company is being audited by a state taxing authority or at any time thereafter
• In the beginning phases of plans to purchase a company or company division
• In the beginning phases of plans to sell a company or company division
• Regular intervals during the normal course of business
• Prior to the start of a construction project or if that is not possible, before the end of the project
• After a state conducted audit even if the entity is provided with a “no tax change” report