Gross Receipts Tax Services

Gross receipts tax is applied to a company’s gross sales, often with limited deductions, and is often applied to both business-to-business transactions as well as end user transactions. However, proper asset classification, includable sales, and application of available deductions can have a material effect on a company’s overall tax liability.

Gross receipt taxation is an expanding area of tax with several new state and local municipalities enacting legislation over the last several years. Delaware, Ohio, Oregon, Nevada, Tennessee, Texas, and Washington have some form of a gross receipts tax. Two of the more significant gross receipts taxes include Washington’s Business & Occupation (B&O) Tax and Ohio’s Commercial Activities Tax (CAT). In addition to the state level taxes, there is a growing emergence of local municipalities currently in California, Pennsylvania, South Carolina, Washington, West Virginia, and Virginia that are imposing some form of gross receipts tax.

FandlGagnon’s Gross Receipts Tax Services can assist companies in navigating these state and local taxes by assisting with tax determinations, compliance, audits, appeals, refunds, voluntary disclosure agreements and management reporting. We also offer a gross receipts tax outsourcing service.

Our secure on-line data warehouse gives clients access to all of their gross receipts tax documents including filings, notices, bills, and compliance calendars.