Sales & Use Tax
What sets ThreeFive apart in the marketplace is that we perform a 100% accounts payable review with a team that specializes in the subject matter under review. No matter how recently or how thoroughly your last audit was conducted, there is a good chance that your organization is leaving money on the table monthly to statute of limitations.
Opportunity: Hundreds of millions of dollars in transaction taxes are left unclaimed each year. Many states are well known for transaction tax client overpayments or accrual errors.
Implementation: ThreeFive recovers taxes paid by its clients in error by performing a 100% review of your accounts payable. We use teams that specialize in transaction tax law. ThreeFive has reviewed and submitted claims utilizing our methodical sales tax recovery service for clients in over 30 States. ThreeFive’s experts bring over 80 years of Department of Revenue experience and understanding to the process. They know 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 an appropriate refund-vendor request on behalf of the client to obtain the credit or refund.
Result: Upon completion of our review, no tax is left paid in error and available refunds due are received and realized.