The American Rescue Plan not only expanded the amount of the Child Tax Credit, but also created a newly advanceable monthly payment that commenced on July 15th and is expected to continue monthly for the remainder of the 2021 tax year. The advance … [Read More...] about 2021 Child Tax Credit and Advance Payments: A Deeper Dive
Refund Study
There’s a strong likelihood that your business is paying too much sales and use tax on its purchases. Many businesses are unaware of potential sales tax exemptions or are just unable to take full advantage of these tax saving opportunities due to deficiencies in personnel, training or simply time.
Our SALT team has considerable experience identifying sales and use tax overpayments and securing refunds for our clients from both suppliers and taxing authorities in many states. We have successfully recovered over $14,000,000 of overpayments for businesses of all sizes in various industries, including: aerospace, automotive, banking, consumer products, energy, food & beverage, manufacturing, medical devices, printing and technology.
At the same time, we understand that filing a refund claim for overpayments may not always be the best idea for your business, especially if your business is underpaying sales and use tax on purchases as well. We take the time to identify potential exposure during our review and will meet with you to discuss and evaluate both over and underpayments of sales and use tax before filing a refund claim.
Contact us today at to discuss having our team review your purchases to determine whether your business is leaving sales tax dollars on the table.
Enhanced Child Tax Credit is Here!
The American Rescue Plan included a significant overhaul of the child tax credit. It not only expanded the amount of the credit, but it also created a newly advanceable monthly payment; and many taxpayers will see the impact of these changes very … [Read More...] about Enhanced Child Tax Credit is Here!
Sales Tax Refund Opportunities
Paying the correct amount of sales and use tax is a critical issue for many businesses. Companies do not want to create potential liabilities by not collecting tax on sales; but at the same time, these businesses should also be concerned that they … [Read More...] about Sales Tax Refund Opportunities