Sales and Use Tax
Recover overpaid sales and use taxes, reduce liabilities and minimize future exposure
Sales and Use Tax
Our consultants have a long history of helping companies like yours recover overpaid taxes, reduce tax liabilities and minimize future state tax exposure by implementing best in knowledge, practices and technology. We know that States Sales and Use Taxes are constantly changing, becoming more complex, the frequency of audits are increasing and the burden to respond is costly. We invite you to tap into our expertise to remain compliant, avoid overpaying taxes and fully leverage statutory exemptions and exclusions. Isn’t it time to team up with the industry’s trusted partner, CTMI?
To make your business better, CTMI offers several Sales and Use Tax Audit and Consulting Services.
Our Reverse Audit proactively identifies and recovers your sales tax paid on exempt transactions. Most vendors charge sales tax on almost all transactions and the potential to recovery money is high. Our refined approach to sales tax overpayment reviews requires only minimal internal resources to complete and yield significant savings.
Our Defense Audit consists of our consultants working closely with the state auditor throughout the audit and we actively defend all findings in the client’s favor. Often, our involvement results in a reduction in sales tax liability or an overall refund for our clients.
Our Managed Audit is perfect when states allow you to conduct a self-audit. Engaged to represent you, we follow the states’ audit guidelines and have been able to identify overpayments, develop defensible positions where appropriate, reduce interest and get penalties waived in certain cases.
Our Nexus Study is used to ensure that you are properly registered and compliant in any state where as a non-resident seller, you might create a substantial, frequent and continuous physical presence. Companies who fail to register and collect these states' sales tax from customers risk substantial assessments, including back taxes, penalties and interest. Our Nexus Study ensures our clients are properly registered and compliant.
Our Utility Study uncovers utility sales tax incentives to encourage facility operations within certain states and provides a preliminary economic analysis, facility survey, predominant use study, state filing, exemption filing and refund filing.
Best Practices Review / Training
Our Best Practices Review / Training helps you and your company stay on top of all the compliance changes and how to establish best practices through ongoing training and tax policy and procedure updates. Our customized sales and use tax training programs for our clients ranging from basic informative sessions to state specific tax training, process workflow and tax matrices.