Sales & Use Tax Consulting
Bowers & Company CPAs have helped many companies understand and comply with sales and use tax laws. Currently, 45 states and thousands of local jurisdictions impose such taxes. To add to this complexity, each state and local jurisdiction have different laws and regulations defining what products and services are taxable.
What Does This Mean For Your Business?
Your business may be unaware of its registration and filing requirements in each state. Failure to register and remit sales tax could result in significant penalties and interest.
Ramifications from South Dakota V. Wayfair
A recent U.S. Supreme Court decision – South Dakota v. Wayfair changed the registration and filing requirements in many states. Our team is aware of how this decision will impact businesses in each state and can help you stay in compliance with the newly established rules.
Our Sales & Use Tax Consulting Services
Our sales and use tax professionals possess a wide-range of backgrounds and work experience. Our expertise allows us to provide practical advice and services tailored to each individual client.
SALES & USE TAX AUDITS
Our team will evaluate your business to determine if you are sales and use tax compliant and will access any potential exposure for non-compliance.
In addition, in the event of a state audit examination, our qualified staff of professionals have a track record of obtaining positive results for our clients.
A nexus review can help determine what state laws you might be bound by. Give us a call to access your registration and filing requirements in each state.
Our assessment includes an analysis of your purchases to make sure you are taking advantage of all the sales tax exemptions available, while not underpaying on taxable purchases. We also review the sales side of your business, to ensure that sales tax is being collected on all taxable purchases.
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If collecting sales tax is new to you, don’t worry. Our team will train you on the basics and support you at whatever level you may require.
Our team is here to answer questions and support your business when it comes to Sales Use and Tax requirements. We are passionate about helping people understand and implement cost-saving initiatives.
Mike Fralix, CPA
With more than 15 years of experience delivering tax services to both public and private corporate enterprises, Mike and his team have assisted companies with various multi-state sales and use tax issues including audit defense and compliance as well as consulting on various transactions.
“We engaged Bowers & Company to represent us in our most recent sales tax audit. Our assigned consultant, Michael Fralix, made immediate contact with us, explaining the process and guiding us through correct procedures in supplying the auditor’s requested documents. What could have been a frustrating, stress-filled process had we handled it on our own, turned out to be practically painless and resulted in a tax savings of approximately $1,000,000. We cannot recommend their services highly enough!”
– Judy Petry, President & General Manager – Farmrail System, Inc.
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