I Serving Clients Nationwide I
Case Studies
Tax Departments Are Rational If Approached Correctly
Cancer patient debt erased, medical treatment continues
The New York State Department of Taxation was in the process of placing several liens on a dying individual's life savings. Without this money, the elderly person would have no way to continue paying his medical insurance and obtaining the cancer
treatment he needed to survive. >>> continue
Professionals Working Together
CPA Firm Calls Upon O&A's Specialized Skills
A small CPA firm recently found itself in unfamiliar territory when their large medical practice client underwent a Sales & Use Tax audit. >>> continue
Shipping Or Receiving Across State Lines Has Consequences
Proper Sales Tax Planning Can Save Big Money
A marketing company that provides promotional, raffle, and contest prizes was having all of their purchased goods shipped to their main location for redistribution to the prizewinners. The unfortunate consequence to this setup was that a Use Tax was due
on all items received. >>> continue
Overpaying Sales Tax Hurts Bottom Line
O&A Identifies Bundles Of Money In Unnecessary Tax Payments
A successful pest control company had expanded into six states, but was unclear as to whether their services were subject to Sales Tax and whether they were required to pay tax on their purchases. >>> continue
Exposure Resolution Spurns '"Big 4'" Firm's Due Diligence Claim - Save's Seller ~$780K
Successor Liability Issue Resolved
A purchaser engaged a Big 4 firm to access the potential liabilities of a target company (The Seller). The Big 4 firm estimated that $900k Sales Tax exposure had accumulated over the prior 6 years. The Seller contested the estimate and brought in O&A
to provide a second opinion and then to resolve the matter in their behalf. >>> continue
Sales Force Expansion Bring Sales Tax Consequence
Potential Future Liabilities Nixed Early By O&A
A successful networking company began expanding their sales force and services into several states. Wisely, the company was concerned they may be creating a Sales & Use Tax collection obligation by placing regular sales employees and other visiting
employees into these states. >>> continue
Home-based, Multi-state Employees Create Nexus
O&A Saves Company $65,000 In Accrued Sales Tax
A company that provides research, consulting and training services to customers in the financial industry had employees working out of their homes in 18 states. >>> continue
Audit Results Can Be Challenged And Changed
O&A Audit Review Saves Company $625,000
A major software company was audited by New York state and assessed $650,000 in Sales Taxes, interest, and penalties. The company disagreed with the findings and called Olivier & Associates for help. >>> continue
Getting External Help On Audit Pays Off
O&A Saves Firm Nearly $70 million on Single State Sales & Use Tax Audit Plus Finds $380,000 in Refunds from Additional States
A major financial services company was involved in a long-standing New York Sales Tax audit. After handling the audit internally for over 5 years, its potential assessment had snowballed into a liability in excess of $70 Million on the expense portion of
the audit alone. >>> continue
Scenarios
As you can see, Olivier & Associates provides a variety of solutions to businesses facing Sales & Use Tax issues. If it has to do with Sales & Use Tax, we have the answer. Following are some scenarios designed to keep
business leaders on their toes when it comes to understanding and handling Sales & Use Tax issues.
Scenario I:
Have you been notified that you will be facing an upcoming Sales Tax audit, or have you recently received an unexpectedly high Sales Tax assessment and don't know what to do next?
Solution I: Audit Defense
Scenario II:
Are you currently unregistered in one or more states in which you do business, and growing uneasy and concerned about the possible extent of prior Sales Tax exposure in those states?
Solution II: Exposure Resolution (e.g., Voluntary Disclosure Agreements (VDA), Streamlined Sales Tax Registration, Anonymous
negotiations with states, Letter Ruling Requests, etc.)
Scenario III:
Are you uncertain about the taxability of your products and services as it applies to the execution your current business model? Based upon this model, are you aware of which states you may have business nexus, requiring you to register for Sales Tax?
Solution III: Taxability Matrices and Nexus Reviews.
Scenario IV:
Are you considering investing in or purchasing a company and want assurance that the target company owes no material unpaid Sales Tax liabilities, or are you considering an initial public offering (IPO)?
Solution IV: Due Diligence.
Scenario V:
Do you think you may have overpaid Sales Tax on your company's purchases?
Solution V: Reverse (Refund) Sales Tax Audit.
Scenario VI:
Are you concerned there may be gaps in your Sales & Use Tax compliance process resulting in possible material liability exposure or overpayments?
Solution VI: Planning/Operational Review.
If you answered YES to any of these scenarios, please call Olivier & Associates to discuss your thoughts and receive our feedback on possible custom solutions to address your challenges. 1-888-466-2829
