We perform a 100% accounts payable review by a team that specializes in sales and use tax law, helping to ensure that you’re entitled to all refunds due.
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. 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.
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 in error by its clients by performing a 100% review of your accounts payable. We’ve reviewed and submitted claims utilizing our methodical sales tax recovery service for clients in over 30 states. Our teams specialize in transaction tax law, bringing 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. When claims are submitted directly to the vendor, we prepare an appropriate refund-vendor request on behalf of the client to obtain the credit or refund.
Result: Upon completion of our review, taxes paid in error are revealed and available refunds due are received and realized.
Nestled in the heart of the Twin Cities on Lake Calhoun, ThreeFive has fostered a work environment to attract key talent that is second to none in addressing corporate tax benefit opportunities for its clients.