I Serving Clients
Saves Pediatrics Practice 61.5% on Audit Assessment!
Accounting Firm Calls on STC for Specialized Sales
and Use Tax Services
An accounting firm contacted STC for help for their
Pediatrics Practice client after a use tax assessment was issued. Being a service provider, they
didnt have to file sales tax returns. They consulted with accountants and attorneys for over
a year before forming the practice, but no one advised them of use tax. They were assessed on the
initial fixed assets and subsequent purchases including certain medical supplies. Some were
exempted by the state, but not the home-rule city performing the audit. No use tax return was ever
filed so there was no statute of limitation protection. The auditor thus went back 10 years to day
one of operations.>>> continue
Settlement Brightens Denver Florist!
Florist Saves 58% on Audit Assessment
A long-time Denver florist
contacted Sales Tax Colorado LLC for last-minute audit help. Denver had assessed tax interest and
penalties on all delivery charges regardless of location, on some wire service charges and on
floral enhancers, exempt sales lacking proper documentation, occupation privilege tax and other
items. The florist had been filing returns for many years, but was never audited previously.
The auditor had agreed to remove some items and to
waive penalties, but no further progress was made on disputing the proposed assessment. STC
contacted the auditor and supervisor, presented arguments and negotiated further
Sales Tax Colorado provides a
variety of solutions to businesses facing Sales & Use Tax issues. Following are some scenarios
designed to keep business leaders on their toes when it comes to understanding and handling Sales
& Use Tax issues.
Have you been notified that you will be facing an upcoming Sales Tax audit, or have you recently
received an unexpectedly high Sales Tax assessment and don't know what to do next?
Are you currently unregistered in one or more states in which you do business, and growing uneasy
and concerned about the possible extent of prior Sales Tax exposure in those states?
Solution II: Exposure
Resolution (e.g., Voluntary Disclosure Agreements (VDA), Streamlined Sales Tax
Registration, Anonymous negotiations with states, Letter Ruling Requests, etc.)
Are you uncertain about the taxability of your products and services as it applies to the execution
your current business model? Based upon this model, are you aware of which states you may have
business nexus, requiring you to register for Sales Tax?
Matrices and Nexus Reviews.
Are you considering investing in or purchasing a company and want assurance that the target company
owes no material unpaid Sales Tax liabilities, or are you considering an initial public offering
Do you think you may have overpaid Sales Tax on your company's purchases?
(Refund) Sales Tax Audit.
Are you concerned there may be gaps in your Sales & Use Tax compliance process resulting in
possible material liability exposure or overpayments?
If you answered YES to any of
these scenarios, please call Sales Tax Colorado to discuss your thoughts and receive our feedback
on possible custom solutions to address your challenges.