Recent estimates place the number of state and local jurisdictions imposing sales and use taxes in excess of 7,000. Depending upon your business, you may have sales and use tax exposure in at least one of these places as a collector, purchaser, or both. That said, our FGMK SALT specialists often discover refund opportunities for overpaid sales and use tax when managing tax audits or creating customized taxability matrices for clients. These tax recovery opportunities typically result from imposing an incorrect tax rate, using the wrong tax base for items and transactions subject to tax, and ignoring the broad categories of tax exemptions.
Here are some of the sales and use tax areas FGMK's SALT specialists can help you with:
- Sales & use tax preparation and review
- Sales & use tax recovery/refund studies for overpaid tax
- Vendor software selection and tax rate look-up tools
- Nexus reviews/voluntary disclosure agreements
- Customized taxability matrices
- Municipal revenue sharing arrangements
- Simplified reporting
- Merger & acquisition review
- Managed audits
- Audit defense and representation
- Bulk sale notifications
- Exemption certificate management
- A/P training & sales tax procedural manuals
- Drop shipment issues
- Aircraft - watercraft purchases
- Internet and remote sellers' liability
- Streamlined Sales Tax
- Project involvement