Knowledge. Dedication. Experience.
Summit Tax Recovery Solutions, is a state tax specialty boutique firm offering deep expertise on sales and use tax compliance and automated tax technology. We often partner with corporate tax, finance and accounting departments to minimize tax overpayments, reduce the level of risk and help develop a more streamlined, accurate and efficient tax compliance process.
We create indirect tax savings by thoroughly searching for innovative ways to first understand complex tax laws and then to design a compliance process that alleviates the often burdensome agency filing requirements. Helping businesses collect and pay only the appropriate amount of state sales and use taxes for over 20 years. At Summit Tax Recovery Solutions we collaborate with accounting and tax leaders and work closely with companies to improve their bottom line while simultaneously remaining fully compliant with state and local tax regulatory requirements.
Helping tax managers of successful businesses navigate the challenging arena of indirect tax.
Summit Tax Recovery Solutions is tremendously proud of the positive impact that we have made in helping our clients improve their sales and use tax compliance processes. The dedicated indirect tax specialists at Summit have successfully represented and advised hundreds of clients over the last 20 years.
Often companies are unaware of sales and use tax exemptions available for their specific industry, or may lack the resources to fully take advantage of tax incentives or special tax breaks. This can result in tax overpayments and loss of significant tax savings benefits. At Summit, our team of reliable sales tax specialists understand the specific provisions of the state tax code and regulations and we stay current on recent agency rulings and court cases. These efforts translate into a clear alignment of our client’s business operations and the unique state tax provisions. Ultimately, this approach enables us to identify, quantify and recover tax overpayments in the form of refunds, reduced audit assessments or vendor credits.
The Summit team of subject matter experts go above and beyond simply identifying tax compliance gaps. We diligently work to clean up prior period tax underpayments or overpayments and then partner with clients to implement smart solutions so that the company can avoid repeating the mistakes of the past. Once the gaps are corrected, the company can then reallocate both human and economic resources towards more value-added accounting tasks.
Summit fully embraces current technology, including the use of certain artificial intelligence tools, to substantially improve the accounting department’s skillset in getting compliance right in the most efficient manner possible. This helps to reduce risk and streamlines the operation of the tax function for greater accuracy, efficiency and productivity. We are confident that our devoted team’s unparalleled expertise and years of experience in sales and use tax opportunities will absolutely be an strong asset to your business.
Contact Us
Corporate Headquarters
Atlanta, Georgia
info@summittaxrecovery.com
Office: 404.835.7165
Our Services
Tax Overpayment Reviews
The Summit team performs all the tasks needed to conduct an in-depth review of historical purchasing activity to identify areas where sales and use tax was paid on tax-exempt products and services. This service is the reverse approach of a typical tax audit examination by the state revenue agency in which the focus is primarily tax exposure. The review begins with a digital data extract of prior period procurement transactions and then progresses into the review of a small sample of records to confirm the validity of the data. Once tax payments are identified and quantified, our team then recovers overpayments in the form of tax refunds or vendor credits to help improve your bottom line.
Audit Assistance & Representation
The Summit team manages the state tax audit process throughout the exam to alleviate the hassle of dealing with the auditor. This includes validating the sampling procedures, reducing the number of records needed for a review and identifying tax overpayments which can often be netted against any assessment. We can also perform an internal “mini audit” prior to the commencement of the state exam to help quantify potential exposure. This enables favorable resolution of prior period liabilities through voluntary disclosure our pursuit of tax refunds. Our goal is to minimize the audit assessment and includes informal protest and appeals of major unagreed audit issues.
Taxability Guidance and Exposure Review
The Summit team provides “as needed” indirect tax consulting to provide clear and concise guidance on the taxability of products and services. This may include analysis of the state tax law combined with application to specific sales or purchase transactions to determine correct taxability. The results can then be captured in a user-friendly taxability matrix and explained during a customized training session for accounting and tax staff to ensure all stakeholders are informed and educated on tax requirements. This service may also identify areas of tax overpayment or underpayment and can illuminate the need for third-party sales tax software solutions.
