You don’t know what you don’t know. But when it comes to State Sales Taxes STARR makes it our business to find out. That is the only way we can be sure you will select STARR for your complex State Tax issues.
STARR creates value for our clients by:
- Generating cash through state and local tax incentives and credits
- Reducing ongoing costs by eliminating taxes to accelerate growth and enhance competitiveness
- Making acquisitions and sales of businesses more attractive
- Keeping pace with technological developments
- Conducting extensive research on court cases and letter rulings and making industry comparisons
- Understanding the State’s Audit function and tax terminology to provide Audit Support
- Understanding Compliance issues on a national basis
Due to the complexity of State Tax Laws, court cases and letter rulings we find that our exhaustive research and commitment to detail has yielded a number of very pleasant surprises for our clients. Our clients are consistently amazed at our ability to find significant cash refunds and ongoing cost reductions, limiting exposure, eliminating penalties, and resolving complex compliance issues far below their cost expectations.
Our ability to bridge the communications gap between accounting and operations has enabled us to successfully negotiate new applications of old tax laws. When statutes that affect you are vague or the interpretation is inconsistent, we push for clarification on your behalf.
Here are some examples:
- A telecommunications company received $4 million in sales and use tax refunds after STARR recommended making a wording change in their process descriptions. We followed a Bog Four firm and a competitor who together found a total of $40,000. This was a venture backed startup.
- We recovered $1.5 million for a semiconductor manufacturer by proving with a special letter ruling on granting manufacturing exemptions between U.S. and Asian operations.
- An Oil & Gas producer was referred by a large financial organization because they owed a state nearly a million dollars. After reducing the exposure to $25,000 we identified $2.7 million in overpayments. After they declare bankruptcy we successfully recovered $2.4 million.
- A Power Transmission company was facing an audit retroactive 25 years due to failure to register with their state. Exposure exceeded $1 million. STARR interceded and they received a refund of $15,000.
- A Power Equipment Manufacturer was acquired by another company. STARR was called in to examine employment credits several months later. We recovered $500,000, but had we been contacted prior to restructuring the savings would have exceeded $1 million.
