Overpayment reviews can directly affect the bottom line while also allowing our clients to gain visibility and control over their taxability process. Our results allow our clients to update and correct tax matrices as well as gain better compliance with multiple jurisdictions. Our services are unique in that we are able to customize our service to address the needs of a particular industry with positive and value added results. The value of this service is different than typical reviews in that we will be providing more than just refunds to our client. Through our review and by working with our client we will be able to understand current processes and procedures and assist them in implementing a more efficient process that includes more accurate tax determinations and calculations. And as with most of our clients this must all be accomplished with minimal disruption to the various departments and their staffs.

The most challenging task with overpayment reviews is working with a large volume of purchase records. However, through our data manipulation process we are able to target vendors and issues with pinpoint accuracy. Using stratification and sampling methods we are able to streamline a normally voluminous project for our discovery process. By boring down through the detail we are able to expand our findings upward through the volumes of invoices. Errors in the purchasing process are typically isolated incidences of human error circumventing existing controls. Change also creates opportunity for error: employee turnover, system change, mergers, acquisitions, etc

A-SALT Group will review sales tax paid on invoice to vendors and use tax accrued and remitted to the taxing jurisdictions. Our expertise allows us to determine taxability, identify and recover overpayments of taxes, and establish tax minimization procedures for future transactions. Taxing authorities typically do not disclose any overpayments made.

We conduct a thorough examination of your records to identify sales and use tax refunds and credits, prepare the necessary documentation to substantiate the refund claims and manage all communication with the taxing jurisdictions. We follow up with respective taxing jurisdictions and applicable vendors to recover and collect overpaid tax refunds and credits. We then assist with implementing procedures to reduce future overpayment including training, software implementation, and taxability determination.

A-SALT Group performs Overpayment Reviews at no risk to our clients. We don’t get paid until you realize the identified recoveries!