$45,000 Sales Tax Refund and Future Savings for NYC Health Club
Published January 18, 2012
Sales Tax Refund Obtained for Taxes Over-Paid by Manhattan Health Club
NYC Health Club Sales Tax Refund Case Study
The CFO of a Manhattan health club suspected the club may have been charging more than required for Sales Tax. If he could justify the interpretation of NY State Sales Tax Law and Opinions, his club would be entitled to a refund for taxes the health club erroneously over-paid.
The CFO engaged RK Miller Associates to determined feasibility and manage the entire process of presenting their case and aggressively presenting their case to New York State for a Sales Tax Refund.
The process took some time, requiring extensive research and lobbying on behalf of the client using tax law and opinions to convince the State of NY that they were indeed entitled to a refund for the over-payments.
Sales Tax Refund Obtained
RK Miller Associates was able to successfully obtain a $45,000 Sales Tax Refund from the State of New York for the establishment, which also translates to significant savings for future years…every penny of which the client will keep. (We do not charge for future savings like some SALT consulting groups).
Could your gym, software company, manufacturing facility, not for profit, store, hospital or machine shop be owed money?
Find out ! We offer Sales Tax Compliance, Savings and Refunds to assist organizations in reviewing compliance, identifying savings, and pursuing refunds before the statute of limitations runs out.
You would probably be surprised to learn how often companies overpay Sales and Use Tax. We find that approximately 90% of companies we encounter have, or continue to pay, State Sales Tax that they did not owe. Not because of neglect by their CFO, Accountant, CPA or Financial staff, but merely because the Sales Tax Law was not applied correctly. Truth is, Sales Tax law is complex . It is difficult for financial professionals to maintain current knowledge of current laws. And, unless of course they specialize in Sales Tax, like we do, they are likely to not have experience with years of Sales Tax policies and opinions to draw from when assisting their clients with Sales Tax issues. This is especially true for internal finance professionals due to the depth of their day-to-day responsibilities.
Could you be owed a refund?
Call us to explore Sales Tax Compliance, Savings and Refunds for your organization.
Can You Reduce Sales Tax Liability After An Audit is Closed?
Published January 12, 2012Can You Reduce Sales Tax Assessments After Audit?
Yes, if you truly understand Sales Tax Law.
Just this week we closed a file we’d been working on for some time for a Software Company. It wasn’t an easy one. We were contacted after the Sales Tax Audit was closed by the President of the company. He was facing a sizeable Sales Tax bill he would have to pay, even though he no longer owned the company. His inability to pay within agreed timeline led to collections. The $140,000 Sales Tax Assessment remained outstanding and financial assets of the President of the company had been seized. His situation was dire.
How we Reduced $140,000 Sales Tax Liability to $18,000
Not only were we able to have the state re-open the audit file, we were able to negotiate the release of his assets, and reduced his Sales Tax Liability from $140,000 to $18,000 by leveraging a little-known tax policy that his financial adviser, accountant and attorney had no knowledge of.
Do you need help with a Sales Tax Issue?
There is hope for those facing seemingly insurmountable sales tax bills. You just have to know where to turn for help. It’s no coincidence that CPA’s, Accountants and Tax Attorneys refer their Audit cases to RK Miller Associates. We leverage our extensive knowledge of State Sales Tax Law, and professional experience in Sales Tax Auditing to help our clients recover from Sales Tax burdens, aggressively, ethically and legally.
3 Tips for Those Facing Huge Sales Tax Assessments:
- Never face a Sales Tax Audit without an expert in your corner.
- Never accept a Sales Tax Assessment without fully exploring your situation with an expert…there are often sales tax laws, policies and opinions (just like civil law and income tax) that you, nor your accountant or attorney will have knowledge of.
- Even if your Sales Tax Audit is closed, or you are in collections, you too may be able to reduce your liability and go on with your life.
We work with organizations facing State Sales Tax Audit in any state, and specialize in New York State Sales Tax Audit Representation and Negotiation.
Contact us to learn more, we will work hard to achieve the best possible outcome for you.
States Increase Sales Tax Audits to Generate Revenues
Published August 25, 2011It has been widely reported in recent months, that States are aggressively pursuing revenue generated by Sales Tax Audits.