Most companies with an internal use tax process have a high likelihood of errors. Mainly due to the rapid change in state tax laws that companies find difficult to monitor.
Most companies do not realize that the manufacturing exemption goes beyond equipment and can extend to other expenses related to the manufacturing process, such as utilities and transportation equipment.
Strategically Filing Refunds
Assessing the risk before filing a refund claim when undergoing an audit maximizes results.
The company was currently under audit in several states and expressed concern that the refund claim would have a negative impact. PMBA addressed this concern by assessing the risk and strategizing with the client on when to file the refund claim in each state.
- Save internal resources so you can focus on other priorities. PMBA’s demonstrated success and focused discipline in Sales & Use Tax leads to faster and more accurate results.
- Data that works for you. PMBA’s proprietary software and extensive database of over 100,000 vendors can quickly process more information, allowing clients to secure overpayments that other accounting or consulting firms have overlooked.
- Maximum results. All transactions with sales & use tax are reviewed and every possible exemption is researched and applied.
- Beyond recovery. Results show potential exposure zones and can be used for continuous process improvements and audit defense prior to future assessments.