Baker, Shore & DiLorenzo's professionals either come to your premises or if possible, remotely review your accounts payable records and sales tax returns. After finding overpayments, we prepare all of the necessary documentation to submit a refund application and handle all correspondence required. Our auditors do not use your staff to do any of their work. We obtain your approval of any refund application we file and uphold the highest standard of confidentiality. Our work is on a contingency fee basis, payable only when you receive your refund. There is no charge for our time or expenses. We do not charge for future savings.
Other benefits include:
Some businesses qualify for a partial or complete sales tax exemption based on the individual way they use electricity, gas, or other utilities. In order to take advantage of this exemption, state tax departments require businesses to submit a utility study. You may have qualified engineers on staff, but Baker, Shore & DiLorenzo's staff, with its sales tax knowledge in addition to its technical expertise, is uniquely qualified to analyze and prepare the required study.
In the often confusing world of sales tax, knowledge is essential. Unknown tax liabilities can cost your company thousands of dollars in interest and penalties. Overpayment of tax is simply wasted money - lost dollars due to lack of sufficient tax knowledge or procedures. Baker, Shore & DiLorenzo's customized seminar will empower your accounting team with the knowledge necessary to be more tax compliant, saving your company money.
How do we customize a seminar for you?
When we conduct a sales tax overpayment recovery review, we learn a lot about your company's sales tax practices. We will use that knowledge to design a tailor-made seminar addressing the issues relevant to your company, at 50% of the cost of a seminar purchased as a stand-alone item.
If you choose not to take advantage of our overpayment recovery review, we can still provide a stand-alone seminar. We discuss the topics that other clients of ours have found to be helpful, and we will be happy to add other topics of your choice that are relevant to your company or your industry.
Advantages of a Baker, Shore & DiLorenzo Sales Tax Seminar:
Do you want to know whether your company is meeting its sales tax obligations, or if it is paying too much or too little sales tax? A Baker, Shore & DiLorenzo Compliance Review will allow you to determine where your company stands, without any government involvement. We will provide reporting with equal emphasis on overpayments and underpayments of sales tax.
Most tax department audits produce heavily one-sided results. Auditors rarely identify overpayments of tax and if so, only to a cursory level. Overpayment recovery reviews, by their nature, do not thoroughly address underpayments of tax, as their purpose is to identify and recover overpayments. These processes can be revealing, but individually, only represent part of the equation. Our Compliance Review completes that equation.
What will you get out of the Compliance Review and why is it valuable?
Sales tax audits can be complicated, time consuming, and ultimately expensive. Baker, Shore & DiLorenzo has represented hundreds of businesses under audit, lightening their burden and lowering their final assessments.
We can assist you with your audit from any point in the process, from audit inception to mid-audit or even after the assessment has been paid. We meet with the tax department on your behalf to remove erroneously assessed exempt items, identify overpayments of tax (typically overlooked by government auditors), ensure the auditor uses sound auditing techniques, and negotiate a favorable resolution of ambiguous issues.