Sales & Use Tax

Companies across all industries are subject to major risks involved with the wide ranging and ever changing sales and use tax laws throughout the United States. With more than 9,000 taxing jurisdictions, companies remain challenged to comply with local and state tax codes in a timely and accurate manner. Many states and local municipalities revise sales and use tax requirements annually and often do not adequately advise businesses within their jurisdiction, let alone those businesses outside their jurisdiction. In many cases tax exemptions are available to manufacturers, for example, yet many do not realize exemptions exist or, if companies are aware, they fail to take full advantage because information is limited or ambiguous. Audits conducted by the taxing authority do not point out areas of overpayment, but do point out areas of underpayment and likely, will collect back taxes and assess fines due to noncompliance. Taking a proactive approach to complex sales and use tax requirements allows companies to avoid time consuming and costly audits and ensures code compliance and tax overpayment recoveries.

Benefits:

• Our auditing and consultation services are contingency fee based — no out of pocket expense (unless hourly fees preferred)
• We help clients recover sales and use tax overpayments and reduce future tax liabilities
• We proactively ensure compliance for our clients
• We identify tax exemptions and incentives opportunities
• Our state income and franchise tax planning has saved millions of dollars for our clients

Questions to Consider:

• Have you had a recent tax assessment by the state?
• Do you plan to purchase or expand your buildings?
• Are you paying the right sales and use tax in every state and local jurisdiction?
• Are suppliers correctly charging you sales tax for equipment purchased in one state but used in a different state?
• Are you taking advantage of all tax exemptions available to your company?
• Do you have automated systems in place to accurately apply all sales and use tax in compliance with all taxing authorities?