I would like to learn more about SALT as far as it’s building blocks, key factors, how to apply the logic, researching. Any insight on this? I am aware of the success factors courses.

like
Posting as :
works at
You are currently posting as works at

Know your apportionment factors are and you’re halfway there

likesmart

Can confirm this

Familiarize yourself between Joyce finnigan, composite/nonresident/PTE/ , apportionment rules, each state is different so their rules matter, market base vs cop vs specific industries most importantly PL86-272

likehelpful

There's also other areas of salt beyond income taxes.

For both income and sales taxes, understand the constitutional limitations of a state's ability to impose a tax. Read and re-read all you can on due process and commerce clause. Learn how to apply these limitations to advocate a position contrary to what a state statute or regulation may say. This will prove invaluable if you're doing more consulting. If you want to just handle compliance, follow what others have stated and you should be good to go.

like

Do you want a SALT job?

SALT is many things. Income tax, sales tax, property tax, unclaimed property. You can be more on the consulting side or you can be more on the compliance side or you can do some of both. Guessing it depends on the firm. I do a little bit of everything in my firms salt group besides income tax compliance as I despise it 🤣

Understood

Related Posts

Hey everyone. Are any partner/MDs/directors able to share some knowledge on the following:

i) what is the precise path to partnership after director? Is it true that typically once someone is promoted to MD, that you’re generally not on the path to partner? Ive seen MD’s make partner and ive seen directors make partner. What is the difference in these paths and why?

ii) what is the compensation range for deals Managing Director in a Tier 1 city (NYC, etc.)

Appreciate all insight in advance!

like

Need help here,
Due to health issues I resigned from paytm in just 2 months.
5.2 lpa was the CTC.
Which skill i can learn that lead me for a higher package.
Total YoE : 3.5 years
Knowledge: SQL, Clevertap(basics), Digital Marketing

please help me here

like

Hi y'all
Anybody here pivoted careers completely? How did you go about it? How much time did it take for the transition ? What tools or online help(training/ coaching) did you take to make the switch??

like
like

Deloitte folks, I need help. I saw a job posting for life science strategy manager. This would be a lane change from my current role as clinical manager. I have a PhD in biology and would love to break into consulting. But not sure how.

like

I am having skills of Analytics but not getting job I know Excel and other tools also Power Bi, Google sheets, Google Data Studio, Python, My Sql in learning.

like

What is the best way to transition from radiology to healthcare project management? Thank you

like

I'm 4 years into my career, currently I work at one of the largest public advisory firms writing research and taking advisory calls with CIOs/CFOs on strategy around IT Cost Optimization, IT/technology finance, benchmarking, budgeting etc. I enjoy the role but fear not being able to do much with this experience. I fear this due to the fact that I simply talk strategy and roadmaps with no technical experience of having ever done these activities myself.

like

Has anyone considered shifting from consulting to teaching? Doing PhD from top IIMs and working as faculty?

like

Good morning, can someone tell me what is the fastest route/next steps for a special education teacher to become an LTSE?

like

WWYD?
I exited earlier this year, and my first few months were brutal for a variety of reasons owing to org changes amongst other things. I’m now close to an offer with another company, and feel torn about leaving so soon. Details in comments

like

Is the CPA designation worth it? For me it would take me 1 year of PREP courses and 2 years of PEP until i can write the CFE. And I am 27 years old right now. Also wondering if it would be crazy to pursue the CPA while learning how to code to be a developer as well?

like

Thinking about switching in house jobs from one bank to another. Current job is great for work life balance but no promotion prospects and pay is below market. New job offers a better title and better pay but work life balance is a bit of an unknown. What kind of questions would you pose to the new employer/team when trying to ascertain what work life balance awaits? Any tips of setting boundaries early on without inviting judgment? Need flexibility to pick up my kids from childcare every day…

like
like

Hi guys , I m working in American express from dec 2017 joined as customer service associate moved to their credit operation as a collection agent, currently at 6lpa , can anyone recommend me any better oportunity or any course that shall do to shape a better career and packages, response appreciated

like

Hi Fishes,

Does anyone know what is GCM level-5 designation corresponds to in Atos. Is this appropriate designation for a 6 yrs experienced dba professional?

like

I’m a financial advisor (Series 7 and 66) and I really wish I would have become an accountant or investment banker. I like advising, but it’s a grind to find people to make new clients to sell to in order to survive. Are there any exit strategies for a successful young 26 y/o advisor to move to investment banking or a salaried advisor job?

like

Looking at cpa experience requirements in MA. You need at least 1 years of experience but "no more than 3 years". What does that part mean?

like

What are the best consulting firms for PE and VC exit, please include boutiques not just obvious ones

like

More Posts

JAL or Cathay for premium economy US to Asia (Both 777s)

like

Has anyone had Marriott gift you the next level of status if you’re only a few nights short of the requirement at end of year?

like

Has anyone seen the changes to United’s loyalty program? Any thoughts on the PlusPoints or new qualifying rules?

Any delta global certs for sale?

How is assistant manager-processing GSC’s? What is the salary range??

like

I know that the general advice is not to cut your own time, but if you think you took WAY TOO LONG on something should you? I don’t want partners to think of me as inefficient.

like

Does anyone know if McKinsey hires defense specialist in the expert role or is it only the specialist role with potential to promote.

like

Looing to Buy used in NYC. Any suggestions of where to go?

I work at a small firm with not that many workable templates so I usually have to do everything from scratch like drafting motions, pleadings, and researching all potential counts every time. Do bigger firms have better and more templates that allow you to have to do less research?

like
like

Creative artwork roles in London?

like

What is an acceptable age to complete an MBA program if the goal is MBB or T2 strategy consulting post-MBA?

like

Every week we’ll be posting a breakdown of n attorney’s compensation offer at a tech company - that way people have actionable insight on compensation. Join the bowl to follow along.

like

Hi everyone,

I have offered Microsoft client project for dynamics 365. Can anyone please let me how is this project? I want a good work life balance. Can anyone please suggest any good project in dynamics 365?

After joining for laterals, will client interview be there in Bosch?

like

How is the client Yahoo Supply? I got a proposal and any review would be helpful.

like

Hi all,

I got offer from below company please provide your suggestions which one is good. All are offering same Salary.

Java backend developer
1. Coforge (client -HSBC )
2. HCL (client - Conduent)
3. Ezetap by Razorpay
4. E-zest solution
5. Algoworks
6. Egencia by amex

like

Fellow MBBers, any of you think the banking raises will trickle over to us (110k starting) or nah?

like

Based on the Gross salary offered I have calculated the in hand salary per month would be around 152000 considering 150000 in 80C, 50000 in NPS and 200000 deductions due to home loan interest. Total tax liability is around 400000. Any other options do I have to save tax further (other than HRA, LTA)? Thanks in advance.

Post Photo
like

Additional Posts in SALT - State and Local Tax

Hey Salt peeps. I’m curious what kinds of practices you specialize in and how long you’ve been doing it? Would you specialize in something different in tax if you could turn back the clock?

helpfullike

Why is it when I owe money to a state from my annual tax filings, if I don’t pay the full amount I get charged interest. But when they owe me, they ask for additional documentation and won’t pay me interest for them stonewalling me. Not much volatility y/y in earnings.

like

I was paid a retention bonus last year which I have to return - couple of questions: Will I get a corrected W2 ? If yes, how much time does it generally to generate a corrected W2? Should I wait for corrected W2 to file the return ? (with the current comp - I owe taxes however with the W2C - I will probably not..) thoughts??

like

Los Angeles Area comp for 2nd year asset management?

Currently making $85k with a 7.5k signing bonus. Wondering if I’m being underpaid in my role. Ive tried probing my colleagues but no dice.

Need some help! Currently live in TX but work as an independent contractor (remote) for a NYC based company - do I still need to pay NY state convenience tax on income or would this only apply as a full-time employee?

like

I got married in 2021. Before my wedding I lived in State#1 and after the wedding I moved to State#2. My spouse lived in State#2 the entire year.
Can I file as Married Jointly in such a way that State#1 only calculates my income for the portion of the year I lived there?
Or do I need to file Married Seperately?

like

I am on H1-B visa, open to relocate and looking for State & Local Tax (Income/Franchise) Experienced Senior/Manager opportunity. Which companies are currently hiring visa candidates? Appreciate the responses, thank you!

likehelpful

Anyone looking for a senior SALT position , would be in our south florida practice. West Palm Beach, Fort Lauderdale or Miami office

Anyone making career moves out of SALT? Curious to hear where people are going and what career paths people are looking into.

like

Will states start imposing sales tax on NFTs?

like

My work office is in philly but i wfh in delaware. Why im i paying for both state taxes as well as philly tax. Is that right or do i need to make some adjustments. Im at PwC currently.

likesmart

Hey Team

I'm on a H1B so I am supposed to pay Medicare and SS taxes, but my employer has not withheld anything- my hnr block advisor caught that but she just completed my returns assuming I don't have to pay those taxes

What is the right protocol in this case? Do I owe SS and fica taxes?

like

How is leaseholds taxed in Texas for personal property?

like

Hi All, how much should I expect to pay for someone to do my taxes for me? (Ball park)
- fbar
- state
- Federal

Also I moved out from MA in February so not sure if I'd also still need to file in MA?

like

Anyone works at KPMG MN office in the SALT practice and can let me know how it is?

like

If the layoff is not necessarily to go through performance improvement plan, then is there a standard dashboard look to evaluate ourselves about how close we are at?

likehelpful

How does NY (or any other states that tax income) enforce taxes on nonresidents? Assume the taxpayer does not file state return with NY and does not have NY on W2.

Seems NY would have no way of targeting said taxpayer for audit. Thoughts?

like

MTC Proposes Removing Online Sales solicitation from 86-272 protection. Thoughts?

like

Hi folks, I had a quick question around remote work. My office is in San Francisco but I worked remotely from NJ for clients on the WC. How should I answer the question, “did you earn income working remotely by providing the services in a different state than the state you originally engaged employment with it”? If it matters, I never set foot in CA.

like

Any senior from BDO tax interested in Deloitte tax in Houston?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal