Sales Tax Audit Defense
Even with the best tax planning and tax technology, sales tax audits can still occur. Our experts have helped clients resolve hundreds of sales tax audits over the past 25 years. With extensive expertise combined with a deep knowledge of multistate sales tax rules, our sales tax consultants can be a valuable asset to your company. We can handle the full audit process, or prior to closing the sales tax audit, we can determine if any opportunities were missed. PMBA’s proprietary technology can help you develop an audit plan or assist in reducing any audit liability. In many cases, PMBA has turned assessment liabilities into net refunds.
Voluntary Disclosure Agreement
Even for the most well-prepared, well-organized business, it’s not uncommon to overlook existing or historical tax liabilities. When these missed requirements come to light, it can be alarming (and detrimental) for the company’s responsible parties. However, for qualified businesses, a Voluntary Disclosure Agreement (“VDA”) can alleviate some of the pain.
A Voluntary Disclosure Agreement is an arrangement with the government to abate or lessen penalties and reduce the look-back period for any type of tax that you might owe. In general, these agreements can only be completed if a taxpayer has not been contacted for an audit. However, there are arrangements that can be made even if you are currently complying with tax laws.
Find out if a VDA is right for you by contacting one of our experts today.
Whether your company is just beginning to understand how sales tax will impact your company, or your large corporation is looking for assistance with a complicated sales tax audit, PMBA is ready to help. If you’re not certain about your current processes, PMBA can offer a no-cost assessment and provide your firm with valuable feedback.