Refund Reviews
Our reverse audits examine financial records in detail to find sales and use taxes paid in error. We document our findings and proceed with our recommended actions for recovering overpayments. Following client approval, we then handle the paperwork and track the process until all refunds are made.
Our three-part review approach consists of recovering tax overpayments, providing strategies for further reductions in tax liabilities, and educating our clients' staff to reduce tax liabilities in the future.
We handle all of the tasks and paperwork while taking very little of our clients' staff time. Enhanced Tax Solutions professional service is fast, accurate, and reliable.
To further reduce tax liabilities, we provide a full range of sales and use tax consulting services. After analyzing a client's situation, our tax experts recommend strategies that increase compliance, add dollars to the bottom line, and enhance relationships with taxing authorities.
Audit Representation and Defense
A tax audit may be an intimidating experience as you must be prepared to explain the nature of your income and substantiate the expenses and deductions claimed on your tax return. It is likely that the examination of one tax return may lead to other tax years being opened for audit. Additionally, in order to properly defend yourself, you may be required to have an extensive knowledge of the tax codes and regulations.
If you receive notice from the IRS or the State Revenue authorities stating that your return has been selected for an audit, it is time to seek help from a tax professional. If you have already been through a tax audit which resulted in additional taxes, penalties, and interest being assessed, you do have options besides paying the tax liabilities in full. These options include filing an appeal, audit reconsideration, and/or an offer in compromise.
For more information on tax audits, please call us for a free, confidential consultation. If you are searching for a highly qualified representative to negotiate on your behalf with the IRS or a state agency, we offer our services with the highest levels of quality and professionalism.
Self managed/Internal Audit Reviews
Instead of having state auditors conduct sales and use tax audits, Enhanced Tax Solutions conducts audits under the guidance of state authorities. The whole process is expeditious, friendly, and saves time and money for our clients.
Nexus Studies
For clients with multi-state operations, we conduct nexus studies to determine if they should be registered in a state where they are doing business or if they are collecting appropriate taxes.
Voluntary Disclosure
When nexus is determined and a client has not complied with sales tax laws, Enhanced Tax Solutions negotiates voluntary disclosure agreements with the states. In many cases, we are able to limit tax liability and negotiate penalties and interest waivers.
Energy Related Exemption Studies
In jurisdictions where energy/utility tax exemptions or reductions are available, Enhanced Tax Solutions reviews the energy/utility consumption of exempt-use machinery and equipment to determine the portion of a client's utility that is subject to the tax exemption or reduction. We then assist our clients in preparing exemption applications and any required accompanying documentation for submittal to the taxing authorities.
