Sales and use (S&U) taxes are a significant cost of doing business as states create additional revenue streams. Each state, as well as multiple jurisdictions in some states, have diverse, complex rules regarding the taxation of goods and services. Companies need customized services tailored to their individual business needs, whether they are a Fortune 500 company or in the initial stages of start-up.
FORVIS has a group of highly trained professionals who dedicate their time to the S&U tax arena. We are equipped to assist you with providing customized services by working with your company and understanding the nuances of your business. We blend your unique situation with our tax and systems knowledge to address your company’s specific S&U tax issues. By remaining focused solely on the complexities of the S&U 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 the company, our knowledge and experience can help you navigate the complex and potentially costly S&U environment.
Sales and use tax services can include outsourced compliance, or assisting your organization with implementing the systems and tools necessary to insure accurate internal compliance.
Further, FORVIS can help you turn state and local taxes into an opportunity for real savings. FORVIS’ sales and use tax professionals conduct a tour of your facility and operations and perform a “reverse audit” to detect if you have overpaid your sales, use, and other miscellaneous taxes. If we discover a tax overpayment or error, we can complete and submit the necessary documentation to help secure your refund.