New York, NY
Melville, NY
Roseland, NJ
Greenwich, CT
Tinton Falls, NJ
Grand Cayman, BWI
1.800.921.0777

Tax Services taxedge@mkllp.com < < Back to Tax Services Homepage M&K Tax Edge LLC New York Sales & Use Tax Services The Firm understands state tax laws and continuously works with representatives of the respective New York State and New York City government bodies when dealing with various rules and regulations. Refund opportunities can generate income and create positive cash flow. Sales & Use Tax Services Include: Prepare corporate sales & use tax returns Voluntary disclosure filings - let's you come clean without paying penalties Recover erroneously paid sales and use tax Research the taxability of transactions Obtain confidential and anonymous state advisory opinions Tax audit representation and controversy resolution Penalty and interest abatement negotiations Develop and implement internal systems to help ensue proper tax reporting compliance Offers in compromise- settle your state tax debts for pennies on the dollar Amnesty filings- take advantage of New York's newest program to get penalty and interest abatements

Tax Related Websites Internal Revenue Services NYS Department of Taxation & Finance NYC Department of Finance California Franchise Tax Board NJ Division of Taxation

Sales and Use Checklist:

• Register for Sales & Use Tax
• File your returns
• Claim the "vendor collection credit"
• Mail returns by "Certified Mail/ Return Receipt requested"
• File on time, even if no tax is due
• Know what you are supposed to charge tax on -and charge it!
• Collect Exemption Certificates from the customers you don't charge sales tax
• Don't pay sales tax on things you shouldn't pay sales tax on
• If you over paid your sales tax, file for a refund!
• Sales tax is complicated - know when to ask for advice

Marcum & Kliegman's "Refund Analysis" process quickly identifies situations where companies may be overpaying sales and use taxes Positive results of our refund analysis are not merely limited to the current year but can have an impact on past and future years as well If we do not recover monies, the client pays nothing Our fees are solely dependent on the refund recovered There is never a risk, but there is always a benefit

Sales & Use Tax Refund Analysis:

• Determination of tax requirements and degree of compliance
• Review of company policies and procedures
• Review of past audit history
• Review of sales tax paid to vendors
• Review of use tax procedures
• Analysis of the above steps to develop an action plan
• Preparation of claims for refund, including follow-up procedures to expedite claims processing
• Assistance in the development of a proper reporting system for ongoing transactions to prevent future overpayments