PRG-Schultz recognizes that companies face unique sales and use tax processes. Multi-state supplier relationships, complex compliance issues, and increasing e-commerce transactions, make it difficult to stay abreast of evolving tax codes. Even if you are on a direct pay program and continual self-assess policy, the opportunity for overpayment exists.

We provide focused tax expertise, technology and best practices to discover overpayments, recover them quickly, and minimize future tax costs and audit exposure. Our proven three-step Sales/Use Tax audit process leaves nothing to chance.

Step 1. Due Diligence

To understand your existing policies, procedures and business environment, we develop a customized audit plan to meet your exact needs, including data extraction queries tailored to your system(s). Items we review include:

• Types of goods and services purchased, and in what states you operate
• Reporting and payment methodology, including self-assessment policies and procedures
• Terms of direct pay permits and managed audit programs
• Information captured from PO's and invoices
• Past audit history

Using a customized combination of technological and manual techniques, we review for inconsistent application of sales taxes by an individual supplier and for particular purchases.

• Our proprietary technology allows us to review 100% of your transactions, quickly isolate inconsistent tax treatment, and analyze exempt purchases unique to your business and operating geography.
• Our thorough knowledge of particular exemptions and current legislation, allows us to scan for exempt purchases by state and supplier, to ensure that taxes were not included in the invoice. Many of our recoveries come directly from suppliers.
• Complete review of self-assessed tax accruals and payments. By analyzing past returns, opportunities to amend past returns and recover any overpayments are also identified.

The opportunity for future cost savings is one of the biggest benefits of a PRG-Schultz Sales/Use Tax audit. Every audit includes a comprehensive report on the root causes of every recovery and recommendations to reduce future overpayments and/or increase compliance.

Contact us today to see what our tax recovery audit specialists can do for you.