Sales Tax Audit Defense Firm Clarus Partners Saves Clients More Than $1 Billion
Sales tax audit defense expertise is a specialty that can save a business hundreds of thousands - and even millions - of dollars. "We have perfected the art of sales tax audit defense, " says Jeff Stonerock, CPA, Partner at Clarus Partners Advisors LLC. "We have successfully saved our clients over $1 billion cumulatively."
CASE STUDY 1: Clarus Partners reduced a manufacturing company's initial sales tax liability of more than $2 million down to $15,000. Clarus Partners applied specific manufacturing exemptions allowed by the State of Texas, saving the taxpayer more than $1.9 million.
CASE STUDY 2: Legend Networking and Telecom, which provides IT services in many states, was being audited for sales and use tax purposes. “We had hired another sales tax consultant who ‘specialized’ in sales tax," said Camille Monk, Chief Financial Officer at Legend Networking and Telecom. "Clarus Partners was able to decrease our audit by two-thirds!” The final savings for Clarus Partners' client was more than $200,000.
CASE STUDY 3: A client in the retail sector was initially assessed $700,000 of sales and use tax, largely due to a lack of complete and valid exemption certificates. Clarus Partners, engaged by the retailer, was able to implement SmartCert, its leading-edge Exemption Certificate Management Solution (ECMS), reducing the assessment by more than 80 percent. With continued use of SmartCert, the client's assessment was reduced to $3,000 in three years.
CASE STUDY 4: Clarus Partners successfully defended a contracting client in a Kansas sales and use tax audit. Sales and use tax laws in Kansas related to contractors and real property improvements provide an exception that favors taxpayers in one of their tax imposition statutes. The client's ties to the vendor were and are a long-term relationship, so the savings will provide benefits for years to come.
For taxpayers needing help with their own sales tax audits, a call to Clarus Partners could very well result in a success story like one of these. Sales and use tax audit defense is a specialty, and properly managing such an audit is an art. Taxpayers need to engage a firm with the right experience and expertise. Those needing help with their own sales tax audits can call Clarus Partners to explore their own potential substantial savings.
Find out more at: https://claruspartners.com/