Sales & Use Tax (SUT) Solutions
SUT Audit Defense
Paragon Tax Group, LLC experts can help guide you through the audit process to ensure it runs smoothly. Our goal is to minimize your audit deficiency. Each state jurisdiction has different policies and procedures; therefore we recommend that clients bring us into the audit process as early as possible.
OUR SUT AUDIT DEFENSE SERVICES INCLUDE:
Pre-audit reviews to identify and assess areas of potential exposure
Notice response
Negotiating an audit test plan including extrapolation techniques and outliers
Identification and assembly of offsets such as overpayments to help minimize the assessment
Documentation and presentation of arguments to remove contested items before assessment
Administrative protest and appeals
Sales & Use Tax (SUT) Solutions
SUT Audit Defense
Paragon Tax Group, LLC experts can help guide you through the audit process to ensure it runs smoothly. Our goal is to minimize your audit deficiency. Each state jurisdiction has different policies and procedures; therefore we recommend that clients bring us into the audit process as early as possible.
OUR SUT AUDIT DEFENSE SERVICES INCLUDE:
Pre-audit reviews to identify and assess areas of potential exposure
Notice response
Negotiating an audit test plan including extrapolation techniques and outliers
Identification and assembly of offsets such as overpayments to help minimize the assessment
Documentation and presentation of arguments to remove contested items before assessment
Administrative protest and appeals
SUT Refund Review
Paragon Tax Group’s Sales and Use Tax Refund Review or “Reverse Audit” is a comprehensive analysis of transactions designed to obtain refunds of overpaid sales and/or use taxes within the statute of limitations of the taxing jurisdiction. Paragon Tax Group utilizes our knowledge of the tax laws to recognize exempt transactions, as well as issues that arise due to court decisions, policy changes, or compliance errors.
The process involves interviews, planning, and procurement of documentation by our staff and the filing of petitions for the refund to states or vendors, and following the claim through the process until complete. The ultimate goal of a refund review is to not only recover overpaid sales and use tax for our clients but to educate them in order to save money prospectively.
Compliance
Paragon will assist your company in becoming compliant with sales and use tax statutes nationwide. Our engagements can be tailored to:
- Identify jurisdictions where your company has sales and use tax collection obligations (nexus)
- Implement internal procedures for sales and use tax administration
- Research specific issues pertaining to tax determinations
- Quantify outstanding liabilities by jurisdiction (exposure studies)
- Assist with voluntary disclosure of liabilities to taxing authorities in order to avoid penalties
This list is not all-inclusive and our engagements can be tailored to your organization’s needs.
SUT Return Preparation
Paragon provides firms with sales and use tax preparation and filing. Paragon’s experts will review AP transactions by month or quarter and populate returns on a quarterly or monthly basis. This frees up our clients to concentrate their tax and accounting staffs on more value-added internal activities. At the same time, it ensures that the sales and use tax returns are filed accurately and timely.
SUT Custom Seminar & Future Questions
After performing a Sales & Use Tax Refund Review and/or Defending an Audit, PTG will provide a results based, customized seminar for your Accounts Payable, Purchasing and Tax Departments. This seminar is designed to help your staff minimize future overpayments and maximize compliance. It may be inclusive of multi-state smart charts and will also cover various decision trees that you may have depending on various circumstances. In addition, your PTG tax team is always available to help research and answer future questions at no cost.
