State and Local Tax

State and local taxes can significantly impact a company’s cash flow, effective tax rate and risk profile. Our network of dedicated state and local tax professionals combines technical knowledge with industry understanding and access to technologically advanced tools and methodologies. We identify risk areas and sustainable planning opportunities for state and local taxes throughout the tax lifecycle, helping you to address your state and local tax responsibilities and achieve your business goals in the US and around the world.

Our network of practitioners has in-depth knowledge of both direct and indirect state and local taxes and offers a broad array of services, including:

Our US State and Local Tax group is effectively integrated with our Global Indirect Tax team to give you the perspective and support you need to manage your global tax burden effectively. It’s how Ernst & Young makes a difference.

New study on state and local business taxes

The contribution of businesses to state and local taxes is the subject of a new study produced by Ernst & Young's Quantitative Economics and Statistics (QUEST) group in conjunction with the Council On State Taxation. "Total state and local business taxes: state-by-state estimates for fiscal year 2009 (pdf, 317.1kb)" includes business tax estimates by state as well as key findings nationally and by industry. The study also examines the potential business tax implications of declining state tax revenues, falling housing values and the recession.

US businesses continued to make strategic investments during recession

The 2010 US Investment Monitor tracks investments announced by companies during the 2007-2009 recession. The analysis shows that companies continued to make strategic investments in their facilities despite the recession. Manufacturing facilities generated the majority of announced capital investment and announced jobs during this period, with large investments in the alternative and renewable energy sectors, according to the 2010 US Investment Monitor (pdf, 2.1mb) from Ernst & Young LLP. See the complete report for analysis by state and industry.

Business environment	Driving growth	Governance and reporting	IFRS

Managing finance	Managing risk	Operational effectiveness	Talent management

Transactions

Asset Management	Automotive	Banking & Capital Markets	Consumer Products

Government & Public Sector	Insurance	Life Sciences	Media & Entertainment

Oil & Gas	Power & Utilities	Private Equity	Real Estate

Technology	Telecommunications	Other industry sectors
		Mining & Metals Provider Care Retail & Wholesale Transportation

Students	Experienced	Executives
Applying to Ernst & Young Application process What we look for Working at Ernst & Young Advisory Assurance Tax Transactions Core Business Services Programs Developing your career Learning and development Mobility Managing your performance Life at Ernst & Young People Alumni Corporate responsibility Rewards and benefits	Applying to Ernst & Young Application process What we look for Interview tips Working at Ernst & Young Advisory Assurance Tax Transactions Core Business Services Industries Opportunities Developing your career Learning and development Mobility Managing your performance Life at Ernst & Young People Alumni Corporate responsibility Rewards and benefits	Why Ernst & Young What we look for Our leadership

State and Local Tax - Ernst & Young - United States