Freeing Capital Trapped at Taxing Authorities
Recovery
Securing refunds of overpaid taxes from prior periods
Recovery
Tax recovery services are a primary tenet of freeing trapped capital. When we perform recovery services, our goal is to:
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Have our professionals conduct a detailed analysis of your tax and transaction records
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Apply our tax and industry expertise to your facts
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Develop a scorecard of potential tax refund positions
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Work with you to obtain organizational support for ideas generated, and to proceed only those ideas which you so choose to pursue
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Secure refunds of trapped capital for your business​​
Process
Our team places an emphasis on working quickly and effectively to conduct our analyses, establish positions, secure capital back for your business, and to do so in a way that requires limited effort on your part.
These services are typically done so on a success-based fee arrangement where we only charge for our services to the extent we successfully secure refunds on your behalf.
Timeline and Process
Our timeline and process is similar across each of our recovery services:
Idea Generation
Our team works with you to procure information, analyze data, and identify opportunities for tax recovery
Prioritization and Support
We present all ideas identified to you, and work with you and your team to ensure support and understanding of each. We only proceed with opportunities identified if fully supported by you
File and Defend
For all opportunities which you pursue, our team documents, supports, files with taxing authorities, and defends throughout the entire process
Receive
We continue dialog and engagement with taxing authorities throughout the process until you receive the related refunds or other benefits, and continue that support until fully concluded
Correct
Finally, we work with you to correct the fundamental matters that led to the tax overpayments. Unlike some competition that leave matters uncorrected, we work with you as part of every recovery engagement to correct the root cause, and we do so at no additional fee
2 Weeks
2 Weeks
2 - 4 Weeks
8 - 20 Weeks
Throughout Engagement
Sales and Use Taxes
Sales and use taxes are a common area of overpayment, driven by a lack of knowhow and resources devoted to compliance. ​The intricate web of tax laws can lead to significant overpayments. Compounding the working capital impact of trapped sales and use taxes is the negative impact to EBITDA. Freeing trapped sales and use taxes positively impacts both EBITDA and cash.
Service Benefits:
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Cash (Refund and Prospective)
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Working Capital Increase
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EBITDA Benefit
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EBITDA Multiple in Transaction
Why You Need a Refund Review:
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Overpayment Risks: Common in sectors like manufacturing, tech, and R&D due to high equipment costs
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Recent Changes: New business lines, transactions, staff turnover, or system upgrades can lead to errors
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Lack of Knowhow: Keeping up with 50 State's sales tax laws is nearly impossible, leading to overlooked exemptions​​
Our Solution:
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Expert Guidance: Navigate the refund process with our professionals, and let us utilize our experience and unique ideas to find trapped taxes with you
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Relentless Focus on Time: We promise to relentlessly focus on minimizing both your input time, and your wait time in receiving refunds, and seek to be industry-leading in this regard.
Focus on your business growth while we recover your overpaid taxes!​
Benefits:
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Cash Refunds
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ETR Reduction
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Prospective Benefit
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Tax Attribute Utilization
State Income and Franchise Taxes
When was the last time you or your tax provider dove deeply into your state income tax filings for opportunities? The truth is, your tax provider is likely continuing to file 'same as last year,' with no time to objectively analyze your filings to ensure all opportunities have been captured.
Let us do this for you!
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Why Choose Us:​
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In-Depth Analysis: We don't just review; we meticulously examine your records for every tax-saving opportunity, diving deeply and applying your facts to our robust knowledge of state tax to ensure you are capturing all available tax opportunities at the state level
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Expertise: Our entire focus is to stay knowledgeable in the nuances of tax laws across states, keeping up with the latest changes, and ensuring our clients are obtaining available benefits​
​​Our Approach:​
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Focused Recovery: We target all possible refunds and reductions with minimal disruption to your business
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Focus on Value: We focus first on the highest value opportunities, and also take into account the level of difficulty to support and audit risk, ensuring you have all relevant decision inputs along the way
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Heavy Lifting: Our team does the heavy lifting on research, identification, documentation, filing, and defense of all refund claims
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Let us take an objective review of your state filings. A fresh pair of eyes to see what your current preparer may not be able to see.
Credits and Incentives
Ensure you're not missing out on statutory tax credits with our refund review services.
Why Retroactive Claims Matter:
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Unclaimed Credits: Many businesses overlook or are unaware of available credits. We focus on all statutory credits that can be claimed for past periods, in addition to reviewing for discretionary credit opportunities.
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Cash (Refund and Prospective)
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Working Capital Increase
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Capture of Unutilized Tax Credits
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Reduced Project Capital Investment
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Higher Overall ROIC
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Lower Cost of Human Capital
Service Benefits:
Who Benefits:
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All Employers: No matter the size or industry, retroactive claims can benefit your bottom line
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Multistate Taxpayers: Leverage credits across various jurisdictions for maximum savings
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Businesses with Significant Investments: From capital expenditures to employee training, there are typically state and local incentives available to you where capital investment has occurred
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Don't let past credits go unclaimed. Our service ensures you maximize your tax savings retroactively.
Other Tax Areas
There are numerous areas where overpaid taxes lead to trapped capital at taxing authorities. Staying on top of these is difficult. Fortunately, we have robust experience at freeing this capital for you. Below is a short list of other areas of tax where we focus.
Let us free your trapped capital!
Additional Recovery Services:
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Business License Taxes
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Excise Taxes
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Federal Business Tax Credits
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Fuel Taxes
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Gross Receipts Taxes
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Premium Taxes
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Property Taxes
Utility Studies
Often going hand-in-hand with recovery services, particularly for manufacturers, is sales and use tax utility studies. We specialize in helping manufacturers maximize their utility tax exemptions. Our comprehensive utility study services are designed to identify and document the portion of your utility usage that qualifies for sales and use tax exemptions, thereby reducing your tax liability and potentially recovering overpayments from past periods.
What We Offer:
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Detailed Analysis: Our team conducts an in-depth analysis of your utility consumption, distinguishing between production and non-production usage. This includes electricity, natural gas, water, and other energy sources.
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Customized Approach: Recognizing that each manufacturing process is unique, we tailor our utility studies to fit your specific operations, ensuring that no potential savings are overlooked.
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​​​Let us capture your utility tax exemptions!