With the continued and increasing ambiguity in corporate income tax law, particularly at the state and local level, tax professionals must spend an inordinate amount of time interpreting, reframing, and otherwise attempting to gain clarity on exactly which evolving tax provisions apply to their companies. They must also spend a considerable amount of time determining exactly how these tax provisions will impact their balance sheet.

Uncertainty can, however, create opportunity. With thoughtful and thorough planning, certain ambiguities at the state income tax level can help your team create a positive impact on company earnings per share, or improve cash flow. This white paper can help you turn the lemons of having to consistently stay on top of state and local income tax changes into lemonade, reducing your efforts, improving the accuracy of your plans, and creating a positive impact on your bottom line.