Sales & Use Tax
What sets ThreeFive apart is that we perform a 100% accounts payable review with a team that specializes in the subject matter under review. No matter how recent or how thorough your last audit was conducted, there is a good chance that your organization left money on the table.
Opportunity: Hundreds of millions of dollars in transaction taxes are left unclaimed each year. Many states, including Minnesota, are well known for transaction tax client overpayments or accrual errors.
Implementation: ThreeFive recovers unclaimed taxes paid by its clients by performing a 100% accounts payable review by a team that specializes in transaction tax law. ThreeFIve has reviewed and submitted claims utilizing our methodical sales tax recovery service for clients in over 30 States. ThreeFive employee and contract consultants bring over 80 years of Department of Revenue experience understanding which states, and which areas in those states, are most client friendly in terms of payment of refunds. We take great pride in working diligently and effectively while minimizing any time impact on our clients. ThreeFive accomplishes this by leveraging our deep expertise and focusing on the most relevant areas for refund potential. Further, when claims are submitted directly to the vendor, ThreeFive prepares the “refund-vendor request” on behalf of the client for credit or refund.
Result: Upon completion, no tax is left paid in error and available refunds due are received.