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Case
Studies
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. We sat down with company officials, gained an
understanding of their business and identified legally taxable and non-taxable
items. Our specialists then reviewed the audit and found problems with the
auditor's methodology. After completing our own audit, citing case law and
acquiring important documentation from other state agencies, we traveled to the
state capital on behalf of our client and presented the auditor and his
supervisor with our findings.
The
result: The auditors agreed with and accepted our position. The assessment
was reduced to $25,000. We saved our client $625,000.
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