Sales and Use Tax Consulting, an expanded service announced by Stambaugh Ness, may very well help companies recoup cost savings, according to Jolleen Biesecker, Principal and Tax Services Line Director.

Team members Juanita Aubel, tax advisor and Melissa J-L Myers, tax specialist, are experienced professionals who can help companies explore opportunities for sales and use tax savings and help ensure that companies are compliant with various state laws. 

With constant changes in complex state and local sales tax laws, Juanita says, many companies face challenges in keeping their business compliant with regulations. "Unfortunately, sales and use tax is often left off of tax personnel's ever increasing 'To-Do' List. When sales and use tax is brushed to the back burner, the company may experience substantial consequences if it is selected by the state for a sales and use tax audit. The consequences could lead to severe sales and use tax liabilities as well as interest and penalties," she adds "It is also common for companies to pay sales tax or accrue use tax on items which are exempt under the state and local sales and use tax law."

Juanita also emphasizes that "Due to the condition of the current economy, state governments will start looking to sales and use taxes to generate more revenue. For companies, this may mean increasing taxability rates, changes in the taxability of tangible personal property, and more state audits." Now is the time for companies to add sales and use tax to their 'To-Do List' and ensure their compliance with state laws, she emphasizes.

"This is a really exciting time for us," Jolleen notes. "Expanding our service offerings will allow us to further assist our clients, many of which are unknowingly eligible for several tax benefits. In a time when so many companies are suffering due to the struggling economy, the recoup of any cost savings can make a critical difference in a company's bottom line."

Save article

Email Firm

Email to a Friend