Rewards of Merit: Sales and Use Tax

Identified Millions in Savings for OFS Company

Client:

Client had rapidly expanded into multiple states and had concerns about how they were taxing sales.

Results for client

$6M

Sales and Use Tax Refunds

Implemented Tax Matrix & Monthly Compliance Procress

Challenge:

  • Client was charging tax on almost 100% of sales.   

Merit Action Plan:

  • Met with Client to discuss services provided and reviewed account coding price book to confirm.

  • Researched and assigned taxability to each price book item to correct tax collection moving forward.

  • Audited prior period collections to calculate historical overpayments of tax.

  • Developed refund claims and strategy for obtaining credits for overpaid taxes and refunding customers where appropriate.

More Rewards of Merit