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Sales and Use Tax
State and local governments often view sales and use tax audits as a major source of tax revenue, which means a large number of businesses are being selected for random sale and use tax audits. In many cases, sales and use taxes can represent a business's largest tax liability.
Businesses often have difficulties in accurately monitoring and reporting the proper amount of sales or use tax due to the administrative burden of monitoring new laws, in addition to the overwhelming regulations and filing requirements of thousands of taxing jurisdictions. TaxRwe.com can help companies navigate this complex sales and use tax environment.
Many of our professionals have backgrounds as state tax auditors and managers of corporate multi-state sales and use tax departments. With this unique combination of government and industry experience, we can truly relate to our clients' needs and provide quality technical and practical guidance.
Our services include:
Sales Tax Compliance Outsourcing
Put our experience to work for your business. When sales and use tax return processing stretches your internal resources to the limit, you can rely on TaxRwe.com’s experienced tax professionals to fulfill critical needs and provide ongoing support. We offer both outsourcing and co-sourcing solutions to fit your specific resource needs.
Outsourcing provides full-scale, off-site support for your compliance function at a low nominal cost. At taxRwe.com we track and prepare over 1,600 sales & use tax periodic returns a business can file. Our complete services include:
Co-sourcing is an excellent solution to temporary resource gaps or strategic skill requirements for special projects. Our custom co-sourcing solutions include:
Let our experiences as former state tax auditor, and Big-4 tax consultant work for your advantage. Sales and use tax audits present huge challenges to businesses. Whether you are a multi-million dollar online retailer, or a small manufacturer, the sales tax auditor will eventually show up. TaxRwe.com has successfully defended many taxpayers against various state tax agencies. Our success stems from a two-pronged approach to the audit, which includes contesting items scheduled in the audit working papers, and uncovering tax credits and overpayments of sales or use tax which can be used to offset the audit liability. Because auditors are generally evaluated based on tax assessments, tax credits are often neglected. As a result, audit liabilities are usually significantly reduced by tax credits.
At the outset of the engagement, TaxRwe.com will tailor an audit defense strategy to fit your specific to your tax audits. We offer sales and use tax audit defense services beginning with a pre-audit review all the way through the appeals process, settlement, or formal hearing.
Many states expanded the legal definition of nexus, beyond the US Supreme Court’s ruling under Quill case. What should a business do when it receives a nexus questionnaire from the State? What should a business do when it receives an estimated tax liability from a state where you do not have nexus? Do your shipping terms create nexus for you? Does attending a tradeshow or third-party service warranty create nexus? Do the actions of independent contractor create nexus for you? The answer to all these questions is, it depends. Any activity may create an income tax nexus or sales tax nexus or both. Contact our office at email@example.com for consultation.
Taxability Research and Tax Training
Are your products and services taxable in your home state? How about other states where you deliver? Regardless of the sophistication of the sales tax reporting system, the system still needs to be program what is taxable and tax exempt.
We will research your products and services and provide an easy-to-use, accurate, and researched Taxability Matrix showing the taxability of your products and services in the states you choose.
As an added benefit, your customers will no longer call to argue over whether your product is taxable in their state. You will have the research, supporting tax rules and regulations at your fingertips.
We can also provide group training for your staff on tax preparation, resale certificates, product and customer exemption, leases, partial tax exemptions and more.
Mitigate risk with a proactive plan for unclaimed property reporting and management. As states look for more sources of revenue, unclaimed property is an increasingly important area of concern for many businesses, mostly because most states do not have statute of limitations, so states can go project errors for as far back as inception of the business. If you have uncashed checks, dormant bank accounts, unredeemed gift cards, customer credits or other types of unclaimed property, you may be required to report these assets to the state or face substantial penalties and interest.
Our unclaimed property team has risk mitigation, process improvement and controversy resolution experience to help you manage your exposure to risk. We provide:
Other Consulting Services
TaxRwe.com also provide sales and use tax consulting services such as, tax software implementation, legal research, tax amnesty, voluntary disclosure program, nexus study, SOX narratives and testing, and requests for opinion letter.