SALES & USE TAXES

What are Sales and Use Tax?

Sales tax is imposed by many state and local jurisdictions on purchases of taxable products and services in their areas. Sellers who have Nexus in these locations collect the tax from customers and remit it to jurisdictions.

Use tax is remitted to the state by a buyer of taxable items when the buyer purchases a taxable product in the state and the seller did not collect and remit sales tax.

It is no secret that Nexus is complicated. There are a multitude of considerations to observe including your sales tax obligations, regulatory requirements, and the vast changes to the way buyers are buying and how sellers are selling. Each transaction and business strategy are unique. Because the essence of sales tax is so complicated, especially with rapidly changing legislation, and sales and use tax laws varying by state, the application of regulations can be intricate. How sales and use tax liabilities are addressed impacts a business’s legal and financial wellbeing.

Our Ongoing Services include:

Quarterly Nexus Review
Monthly Review of Liability Worksheets
Notice Response
Platform Configuration
Routine Sales Tax Questions

Reverse Audit Services

Identify sales & use tax overpayments
Manage the refund process
Offer training to improve decision-making processes

Click to learn more about our Reverse Audit Services

Call 866-239-0474 or click below to get started!

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Sales and Use Tax Services- Sales Tax Return and Sales Tax Audit

Reverse Sales Tax Audit

Reverse Audits

Sales tax rates, rules, and regulations change often and sales and use tax compliance varies greatly by state. Are you knowledgeable about the sales tax charges on services state-by-state?

It is important to your company operations and bottom line to uncover areas of overpayment, but it is a big challenge to find the time and expertise to address this issue on an ongoing basis. Our team of experienced professionals conduct reverse audits that take a deep dive into your transactions to identify where Sales & Use Tax errors have occurred.

We determine and document how much tax you should be refunded, and we will handle all the work to get that money back.

Our sales tax reporting services can help you correctly apply tax rates. Most importantly, we will train your employees to better understand the sales and use tax laws and exemptions in the states you operate in to prevent costly mistakes going forward.

What is a Reverse Sales Tax Audit?

A reverse audit helps your company recover “lost” tax dollars and offset audit assessments. Our goal is to not only help you achieve these short-term financial benefits but also improve decision making processes that will maximize sales tax savings and minimize exposure long into the future.

Phases of a Reverse Sales Tax Audit

Analyze your business activities, review current purchasing, and accounts payable tax reporting systems, review recent sales tax audits, and identify refund opportunities
Present our overpayment analysis to you, identify suspected underpayment red flags, and recommend the refund plan of action.
Conduct a customized sales and use tax training addressing specific issues discovered during your review and explaining processes to simplify sales and use tax compliance.
Deliver refund claims to the Department of Revenue and/or vendors, help to process claims and provide you with monthly status reports.

Interested? Call 866-239-0474 or click below to get started!

SALES & USE TAXES

SALES & USE TAXES

Sales and Use Tax Services- Sales Tax Return and Sales Tax Audit

Reverse Sales Tax Audit

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