As in other service areas, our clients are regularly encountering more sophisticated and aggressive sales and use tax auditors. To assist our clients in successfully managing and resolving audits in a timely and efficient manner, we work closely with our clients to:
We also work closely with the taxing authorities to ensure that audit issues are properly defined and to see that the audits progress in a timely manner.
GMG performs reverse sales and use tax audits to identify, quantify, and document opportunities for refunds of sales and use taxes with respect to payments made to a client’s vendors and to taxing jurisdictions.
Our reverse sales and use tax audit is performed in the following manner:
Sales and use tax implications may be overlooked when companies decide to sell a portion of their business, acquire or merge with another company, change their corporate structure or enter new markets. GMG provides advice to clients engaged in acquiring or disposing of assets or entering new markets, including advice as to the availability of exemptions from tax, nexus and bulk sales requirements. We also review our clients’ corporate structure, product flow and proposed restructuring plans to minimize sales and use tax liability and exposure. In this regard, we assist our clients in:
With the wide use of Enterprises Resource Software by large corporations, it is imperative that the supply chain and customer billing processes account for key transaction tax information to optimize the accuracy of tax filings.
In this regard, our Transaction Tax Transformation services include:
We regularly provide clients with technical assistance in all areas of state and local tax and are available to answer day-to-day questions.