Contingency Sales and Use Tax Recovery
The reverse sales and use tax audit is the only project you could undertake that has the opportunity to produce substantial savings with so little time invested from you and your staff. You will find that our consultants work hard to find every instance of savings for you on every invoice including the small and seemingly insignificant ones that tend to be more voluminous in nature. The tax savings from these smaller more voluminous invoices normally accounts for more than 50% of the recovery. It adds up like the dripping faucet. Your engagement will also provide you and your staff with a better understanding of the proper application of the tax statutes. The end result provides you and your staff with knowledge to make changes in your daily policies and procedures that will benefit you and your bottom line for years to come.
Our consultants each have over 25 years of experience working full time in the sales and use tax area. They are former Florida Department of Revenue sales and use tax auditors. They have each personally worked on over 1000 engagements in the sales and use tax area. You will find the consultants to be extremely knowledgeable, polite, courteous and not willing to interfere with your staff’s work load.
The fieldwork involves the consultant looking through the past 36 months of your accounts payable invoices, fixed asset purchase invoices, and sales and use tax returns for instances where you have been overcharged or over paid sales and use tax. Our consultant generally requires no more than an hour of your time to get set up. He works independently and quickly reviewing 10 to 15 file boxes or drawers of invoices a day. The fieldwork normally takes one week or less for our consultant to complete and the balance of the work on your engagement is done offsite.
You receive the savings when you take a credit on your sales and use tax return. If your engagement generates more credit than you can use in a reasonable amount of time you will receive a refund from the Florida Department of Revenue. You will not be charged any additional monies for the efforts in obtaining a refund. You do not pay us until you take the credit or receive the refund. You can also continue to gain future savings for many years by implementing the changes we have identified in our work papers.
We usually perform this engagement on a contingency basis. Our fee is based only on the savings we find in your dead records. All future savings generated from the changes you make in your daily policies and procedures go directly to your bottom line. We do not charge for future savings.
Our consultants each have over 25 years of experience working full time in the sales and use tax area. They are former Florida Department of Revenue sales and use tax auditors. They have each personally worked on over 1000 engagements in the sales and use tax area. You will find the consultants to be extremely knowledgeable, polite, courteous and not willing to interfere with your staff’s work load.
The fieldwork involves the consultant looking through the past 36 months of your accounts payable invoices, fixed asset purchase invoices, and sales and use tax returns for instances where you have been overcharged or over paid sales and use tax. Our consultant generally requires no more than an hour of your time to get set up. He works independently and quickly reviewing 10 to 15 file boxes or drawers of invoices a day. The fieldwork normally takes one week or less for our consultant to complete and the balance of the work on your engagement is done offsite.
You receive the savings when you take a credit on your sales and use tax return. If your engagement generates more credit than you can use in a reasonable amount of time you will receive a refund from the Florida Department of Revenue. You will not be charged any additional monies for the efforts in obtaining a refund. You do not pay us until you take the credit or receive the refund. You can also continue to gain future savings for many years by implementing the changes we have identified in our work papers.
We usually perform this engagement on a contingency basis. Our fee is based only on the savings we find in your dead records. All future savings generated from the changes you make in your daily policies and procedures go directly to your bottom line. We do not charge for future savings.
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Sales and Use Tax Audit | Sales and Use Tax Consulting | Tax Consulting Firms FL