Location, Location, Location – and Tax Laws
From a sneaker manufacturer to a technology firm, growing the business often means expanding the business. How do companies decide where to go? Which state will be most favorable?
Often, it comes down to taxes.
While that seems simple, it couldn’t be more complex. Which is why so many tax advisors rely on Checkpoint® from Thomson Reuters — to research and easily compare tax laws.
One tax-friendly state could save a company millions more than another.
With tax codes changing and new tax laws being introduced all the time, it’s hard for tax managers to keep up. That’s why our analysts are scanning legislation and updating Checkpoint immediately.
Another issue: Each state has its own lexicon. Take enterprise zones, for example. What Pennsylvania calls a “Keystone Opportunity Zone,” Michigan calls a “Renaissance Zone.” Same thing, different name, further complicating a tax manager’s job.
With sophisticated, cutting edge technology coupled with industry experts examining the language, Checkpoint can actually recognize the difference. And with one click, the tax professionals we partner with have the comparative information they need — so they can determine which states are most tax effective.
That can help get companies moving. And growing.
The most powerful tax system for streamlined research. Proof that the right information in the right hands leads to amazing things. That’s the Knowledge Effect.