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State and Local Taxation
State and local taxes, especially sales and use taxes, have become a significant cost of doing business as states scramble for additional revenues. Compliance has become very cumbersome and costly for businesses. Companies need customized solutions tailored to their unique business needs, whether they are a Fortune 500 company or just getting started.
At Dixon Hughes Goodman, we have a team of former state auditors who focus on providing customized solutions by working with your company and uncovering the nuances of your business. We blend your unique situation with our tax and systems knowledge to address your company's specific sales and use tax issues.
By remaining focused solely on the complexities of the sales and use tax laws throughout the nation, our Sales and Use Tax Group stays on top of current trends and emerging issues. Regardless of the size or scope of your company, whether privately or publicly held, our knowledge and experience can help keep your company from paying more than its fair share.
Service Offerings
Because our clients' needs vary, we offer a wide variety of services. The following services can be provided separately or as part of a comprehensive approach.
Sales and Use Tax Advisory Services
Our sales and use tax advisory services streamline your procedures for properly reporting your tax liability and provide the training to the appropriate personnel. We also advise you on the effects of new sales and use tax laws as they relate to your industry.
Sales Tax Recovery
We conduct a review of your day-to-day compliance with the tax laws to determine problem areas. We prepare and assist with filing refund claims with supporting documentation in order to procure your refund expeditiously. Our fees are generally based on our findings, within the three-year recovery period, and a preliminary review can be done at no cost to you.
Audit Defense
We act as your representative before state sales and use tax authorities. Our professionals are available to make formal replies to correspondence regarding sales and use tax liability and to provide explanations, schedules and other pertinent documents for tax examinations.
Nexus Issues & Voluntary Disclosure
If your company operates in multiple states, whether by sales people, mail order or e-commerce, you may have unknowingly created nexus in states where you are not registered. Our team of professionals can negotiate with state officials to limit your exposure through voluntary compliance, helping you avoid forced compliance costs such as interest and penalties that may reach as high as 50 percent.
Automated Compliance Consulting
We conduct a comprehensive review to assess your current compliance processes and offer recommendations for improving your overall system. As part of this review, we determine the data elements needed for accurate tax decisions and whether the data is available in your system. We can also tailor this review to include nexus reviews and preparation of a taxability matrix, if appropriate. If automation is needed, we can provide interface design and specifications, tax decision matrix, returns module implementation and system and acceptance testing.
If your company has already implemented an automated system, we can review the implementation and configuration to ensure that you are maximizing your investment by fully utilizing the power and functionality of your software.
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