Sales and Use Tax Audit Defense

312-701-1800
info@ycstax.com

No matter the industry or size of your company, sooner or later you may be subject to a sales tax audit. In fact, in these economic times, history tells us that states will increase their enforcement efforts. The ideal time to involve Yetter Consulting Services (YCS) is when the state initially notifies you that an audit is about to begin. A pre-audit planning meeting can help plan your audit strategy before the auditor arrives. However, we can help reduce the liability at any stage, even after it has been paid. Our knowledgeable and experienced consultants can immediately place you at ease with the entire audit process.

After a preliminary review of your records, our consultants will identify significant areas of audit exposure. They will custom tailor an audit strategy to fit your needs and effectively address those exposures on both a prospective and retrospective basis. We work with state auditors on behalf of clients to make certain that the correct amount of tax is paid, particularly by ensuring that exempt items are excluded and all due credits are included in the audit. YCS succeeds at audit defense because we have experience as former government auditors. We know how auditors think and where to look for credits to offset audit deficiencies. Because auditors are paid to assess tax, these credits are often overlooked. As a result, even though an audit liability appears rock solid, there is usually an opportunity to decrease the assessment. Auditors are trained to find and assess tax deficiencies, not tax overpayments and credits, the liability may be overstated. It is very possible to turn a sales tax assessment into a refund claim. YCS helps its clients identify overpayments and obtain refunds. We will perform a cursory review of your reporting system and determine if an opportunity exists to file a claim.

After the audit, you may be issued a tax assessment or even a no-change audit statement. We will help you evaluate the appropriateness of the audit report and evaluate your options. If a protest is warranted, we have relationships with state tax attorneys in many states that can work with us to take your audit as far as necessary.

If you would like us to contact you to discuss our audit defense services and the various roles in which we could assist you, click here.