Case Study: Media/Publications
BACKGROUND
ABC Company is a well-known global media brand. Despite its significant presence and resources, the company lacked dedicated sales tax personnel in their tax department. Although they endeavored to fulfill their sales tax obligations correctly, they began to suspect that they might be overlooking certain filings, including the Ohio Commercial Activity Tax, San Francisco Gross Receipts Tax, New York Commercial Rent Tax, and other local tax returns. To address this concern, ABC Company approached Mo, asking him to review their sales data and nexus footprint to determine any additional returns they may need to file.
CHALLENGE
The challenge was multi-faceted. ABC Company was grappling with potentially overlooked filings, including numerous local and state-specific taxes. Given their lack of dedicated sales tax personnel, the company was also at risk of non-compliance and potential future audit notices.
SOLUTION
In response to the challenge, Mo thoroughly reviewed ABC Company's sales data, employee locations, distribution centers used, and other critical information. His analysis determined that ABC Company needed to file several gross receipts tax returns and local city tax returns. Since ABC Company had no prior experience with these returns, Mo prepared work papers to calculate the tax due and assisted them with registering in the required jurisdictions. Subsequently, ABC Company requested Mo to prepare their tax returns moving forward.
RESULTS
With Mo's expert assistance, ABC Company successfully achieved compliance in the various jurisdictions. They no longer had to worry about future audit notices, as their sales tax filing responsibilities were now in the hands of an expert.
CONCLUSION
Mo's expertise and diligent work helped ABC Company to identify overlooked filings, achieve compliance, and avoid potential penalties from future audits. By preparing their returns going forward, Mo not only eased ABC Company's concerns but also allowed them to dedicate their resources to their core operations.
AT A GLANCE
CHALLENGES
ABC Company lacked dedicated sales tax personnel and possibly overlooked several tax filings.
The company risked non-compliance and future audit notices.
BENEFITS
Mo performed a comprehensive review, identifying overlooked filings and registering ABC Company in necessary jurisdictions.
ABC Company achieved compliance, preventing future audit issues.
Mo took over ongoing preparation of tax returns.
TIME AND RESOURCE SAVINGS
ABC Company could dedicate resources to core operations with tax responsibilities handled by Mo.
Avoids the need to hire a full-time sales tax personnel.
FINANCIAL SAVINGS
Avoidance of future penalties and interest due to non-compliance.
Significant time savings by outsourcing the preparation of tax returns to Mo.
EXPERTISE
Mo performed a thorough analysis of sales data and company operations.
Identified overlooked tax filings and facilitated registration in the necessary jurisdictions.
Provided ongoing preparation of tax returns.
ADDITIONAL BENEFITS
ABC Company achieved compliance in various jurisdictions, preventing future audit issues.
The company could dedicate its resources to core operations, with sales tax responsibilities handled by an expert.
OUR MISSION
What sets us apart from other sales tax consulting firms is our commitment to offering top-notch services without charging exorbitant fees typical of other firms.
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We believe that every business deserves quality sales tax consulting that is accessible and affordable, and we have built our practice around this core value.
