DMA’s Nexus Studies & Voluntary Disclosure service focuses on getting your business compliant and mitigating any state income and franchise tax liabilities.
Our nexus studies provide an analysis of your activities and other key factors by state to determine if you are properly complying in jurisdictions for which sufficient presence is established.
If nexus is established in a jurisdiction for which you are currently not in compliance, DMA will quantify the tax liability and present those findings to the taxing jurisdiction. We then pursue voluntary disclosure agreements with the respective states on your behalf and negotiate the most favorable settlement possible.
To ensure you have a comprehensive understanding of your specific nexus status, we provide a nexus chart depicting your activities by state, along with recommendations regarding how to manage any new jurisdictions where you are not compliant with registration and filing requirements. We provide detailed schedules and a report of our findings to substantiate the voluntary disclosure agreement. Additionally, we work with you to establish procedures to prevent the need for future voluntary disclosure agreements.