With states searching for revenues to aid pressured budgets, state and local taxing authorities are becoming more aggressive with their sales tax base and taxability determinations and are generating more audits. With sales tax rates averaging between 7% and 9%, sales and use tax liabilities can be substantial. For some companies, a failure to implement and apply proper sales and use tax processes may represent a significant deficiency, or even a material weakness, in internal control over financial reporting. Therefore, to manage an already complex environment, sales and use tax planning and compliance is a critical component of a company’s tax department.
Simply stated, we stand for quality, integrity and excellence in client service. Our sales tax professionals represent a diverse mix of accounting, legal, industry, and state government backgrounds. With this experience, we can help your company in its effort to achieve compliance, cut costs, mitigate risks, and effectively address sales and use tax exposure in the following ways: