Undergoing
a personal property tax audit
can prove to be a very unsettling
experience. Most audits can
cause a department’s
staff to spend countless hours
analyzing historical records,
obtaining clarification on
old issues, debating with
auditors on interpretation
of laws and regulations. Depending
on the results of the audit
the manager is quite often
left questioning themselves
or their staff.
The
reality of the matter is that
most companies do not have the
personnel who have both the
expertise and the time to effectively
manage a personal property tax
audit.
At
A-SALT Group our audit services
like our other services are
scalable to meet your needs.
Generally, our audit services
fall into three types of offerings:
Audit
Management –
An A-SALT Group team manages
the audit from the opening conference
with the auditor through the
audit’s conclusion. We
work interactively with the
auditor throughout the audit
process. This includes such
activities as meeting with the
auditor on a regular basis,
providing the auditor with appropriate
documentation, addressing the
application of various rules
of law as they may apply to
the client’s business,
and lastly to oversee the activity
of the auditor to ensure that
the audit is brought to a swift
and satisfactory conclusion.
The A-SALT Group performs these
tasks while simultaneously keeping
the client apprised of the audit’s
status with regularly scheduled
updates.
Audit
Defense –
This service typically comes
into play when the client’s
audit is already underway, but
the client would like the A-SALT
Group to apply its expertise
to help reduce any potential
liabilities. This is accomplished
by reviewing an auditor’s
preliminary workpapers to identify
items that should not be included
due to asset discrepancies such
as ghost or relocated assets,
exemptions, or changes to depreciation.
The audit can also be reduced
by searching for credits that
can be used to offset any liabilities.
Audit
Support –
A-SALT Group will customize
our audit service and approach
to meet the needs of our clients.
We will support our clients
and their audits as needed,
from research to negotiations.
There are many aspects of an
audit that our experience and
resources may be appropriate
to utilize in order to support
an audit.
A-SALT
Group is experienced in dealing
regularly with local assessors
and their nuances. It truly
makes sense to have A-SALT Group
on your side as an extension
of your department.
Personal
Property Tax Services