Sales Tax Incentives : Sales and Use Tax

Sales Tax Incentives : Sales and Use Tax

Sales Tax Incentives, including the Sales and Use Tax, are one of the many areas in companies can look for tax savings. PayPros,Inc., working with Paradigm Partners, helps companies with our Tax Incentive Services Program.

Do you pay taxes?

If so, then you are a good candidate for a sales tax refund review. We will help you pay only what you should. While taxing authorities allow for exemptions for many purchases related to manufacturing activities, the maze of laws and the day-to-day challenges in paying suppliers often results in companies significantly overpaying sales tax.

Our refund review is focused on recovering sales and use tax overpayments and most importantly, helping you improve future compliance. We can perform a comprehensive review and analysis of your company’s sales and use tax transactions and processes. We determine, through our review process, whether or not you have paid more than your fair share. During this review we identify exempt transactions where tax may have been inadvertently overpaid.

We work with you to implement policies and procedures on a go-forward basis, and look for sales and use tax planning ideas that lead to an increase in cash flow and reduction of operational costs.

Who Should Do a Refund Review

Manufacturing and high tech/growth industries;

Companies who purchase large amounts of property for their own use in manufacturing, shipping, hospitality & service enterprises;

Any company previously audited or currently slated to undergo a sales/use tax audit.

When To Do a Review

Anytime, but especially upon notice of impending audit or when cash flow is restricted.

Although specific manufacturing exemptions significantly vary by state, common exemptions include:

Manufacturing equipment;

Manufacturing related purchases (repair parts, tools, molds, dies);

Ingredients and components (raw materials, catalysts, cleaners, fuel)

Packaging materials.

Sales and Use Tax Consulting Services

p>Our sales and use tax professionals stay current with the constantly changing state and local sales tax regulations. Using this knowledge, we provide quality, value-added state and local sales tax consulting services to meet your needs. We customize our services to meet the needs of your business and offer a variety of sales and use tax consulting services.

Refund reviews;

Audit representation and defense;

Self-managed/internal audits/reviews;

Training;

Tax guides and manuals;

Nexus studies;

Dispute/notice resolution;

Letter rulings;

Tax planning;

Exemption certificate management;

Process improvements;

Sampling analysis and evaluations;