Voluntary Disclosure Agreements
A Voluntary Disclosure Agreement (VDA) is a proactive strategy for companies to resolve past-due tax liabilities. By coming forward voluntarily, businesses can limit look-back periods and abate penalties, securing their financial standing before state authorities initiate audits. Venture Tax Group provides a dashboard that lets the private equity buyer, seller, or target track the progress of every VDA and review filings in real-time.
The Voluntary Disclosure Agreement Process
01
Nexus Evaluation & Exposure Analysis
The professionals at Venture Tax Group start by conducting a thorough review of your historical activities to identify tax nexus and quantify potential liabilities.
02
Anonymous Application Submission
Our practitioners submit anonymous VDA applications to state tax authorities, protecting your company's identity while negotiating the terms of the disclosure.
03
Liability Quantification & Filing
Once the application is accepted, we leverage Avalara to prepare sales tax returns or detailed worksheets in lieu of returns, ensuring precision with state-specific remediation requirements.
04
Execution & Closure
We finalize the agreement, secure penalty waivers where possible, and provide you with a certificate of completion. Beyond closure, Venture Tax Group can prepare state income tax returns if your existing provider is unable to do so, ensuring your business is fully compliant moving forward.
05
Real-Time Progress Dashboard
Venture Tax Group provides a dedicated dashboard that allows private equity buyers, sellers, or targets to track the progress of each disclosure agreement and see all applicable filings in one place.
Transparent Service Pricing
Venture Tax Group maintains a transparent pricing structure to ensure you understand the investment required for state tax compliance. While every situation is unique, the following figures represent our typical fee schedule for jurisdictions.
Voluntary Disclosure Agreement
$6,000
Per jurisdiction for the complete voluntary disclosure agreement process.
These represent typical fees at Venture Tax Group. For more complex historical scenarios or unique nexus profiles, we encourage you to inquire for a tailored scope of work that accurately reflects your situation.
Sales Tax Preparation
$1,500
Per jurisdiction for detailed sales and use tax liability quantify and filing.
State Income Tax Returns
$1,000
Most state income tax returns are priced per jurisdiction to ensure complete compliance.
Start Your VDA Process Today
Connect with Venture Tax Group consultants to navigate voluntary disclosure agreements and secure your state tax compliance with confidence.