SERVICES
Advisor Retainer
Most taxing jurisdictions are becoming more aggressive in their sales/use tax audits in an effort to raise revenue. The Wayfair ruling regarding economic nexus has made Sales and Use Tax issues much more complicated. Errors and omissions can be quite costly. B2B Sales Tax, LLC will work with you on strategic planning to minimize exposure and reduce overpayments. We can partner with you on a project or interim basis. We will educate your staff as to proper compliance and perform monthly reviews as needed. Initial evaluation to assess your status is quick and easy. A nominal monthly retainer will provide you with qualified professional guidance to ensure your company gets, and stays, on the right track. Because sales and use tax is a transaction tax the ultimate determination of taxability for both new and existing customers and vendors is based on nexus, good faith exempt status, and use issues regarding each transaction. Having a qualified professional at the ready saves time and money and offers significant peace of mind.
Audit Defense
In this digital age, many states are fast moving to remote sales and use tax audits. Virtually the whole sales and use tax audit is done by the taxing jurisdiction digitally. The audit notice, follow-up phone calls, emails, and document submissions are done via US Mail and digital transmission. Taxpayers must comply. Disregarding the notices, furnishing inconsistent information, and giving more information than requested are only a few of the errors that taxpayers make when contacted by the taxing jurisdiction. This can be quite costly. After performing hundreds of sales and use tax audits in jurisdictions across the USA, on both sides of the table, one thing is clear. Sales and use tax audits are a specialty, but they all follow the same process and must adhere to the taxing jurisdictions’ Taxpayer Bill of Rights. Knowing “the rules” and how the audit process works is important. But knowing how to navigate that process for optimum results is a learned skill. B2B Sales Tax, LLC has the knowledge, experience, resources, and ability to achieve those results.
Overpayment Recovery
All complete and accurate overpayment recovery reviews require the same fundamental approach. The accounts payable source and supporting documents, including the invoices and proof of payment for in-statute transactions, must be reviewed. If your records are not scanned and/or digitized, then an on-site review may be most practical. A review of the records is a fairly routine process. After a brief opening conference, an examination of the records can be done without the involvement of your staff. We create all reports needed to recover the overpaid sales and use tax.
We have helped hundreds of small, mid-sized, and Fortune 100 companies secure significant sales and use tax overpayments in jurisdictions across the USA. Overpayment recoveries can be a great benefit. But identifying all currently allowable sales tax exemptions can provide immediate and substantial continuous cost savings for years to come.
Almost all overpayment recovery reviews are performed on a results-based commission. If we find no overpayments, then you pay nothing!
If you need assistance, please do not hesitate to Contact B2B Sales Tax, LLC. A brief no risk conversation is usually all that is needed to see how we can help!