State and Local Tax for Distributors
Case Studies State and Local Tax for Distributors A Comprehensive Source Advisors Case Study Global Distributor of Healthcare Products Claims
Source Advisors
October 16, 2023
Case Studies
A Comprehensive Source Advisors Case Study
The company is one of the world’s largest manufacturers of paper products. With a strong commitment to sustainable production practices, they proactively invest in solutions and technology to drive greater efficiency and quality across their facilities. This case study details how Source Advisors was able to help the company recognize various opportunities for tax recovery due to over paid taxes.
This company is a European-headquartered business that has subsidiaries in more than a dozen countries including the United States. Over the past decade, they acquired several manufacturers and built a multi-million dollar, energy-efficient manufacturing facility in the U.S.
This companies expansion included key acquisitions and the creation of an energy-efficient manufacturing facility in the U.S. However, during this growth, they overpaid taxes due to financial oversights. Source Advisors’ main goal was to address these issues and recover the overpaid amounts.
All four claims resulted in a net refund of $275,000. Source Advisors was also able to apply part of the refund against open audit assessments and saved the company an additional $52,000 in interest.
Source Advisors responded sensitively to the client’s desire to correct identified errors, and, with the finance team, established process improvements to:
Don’t leave money on the table. Contact Source Advisors to find out how our State and Local Tax Services can work wonders for your bottom line.
Our industry experience with state and local taxes has helped businesses claim billions of dollars in tax credits and incentives.
Source Advisors has demonstrated success in assisting many growing businesses with complicated tax issues and is able to leverage that experience to avoid common pitfalls
Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.
Source Advisors has a network of national accounting and sales & use tax experts. By extension, clients have access to assistance in every region regarding state, county, and local tax issues.
Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.
Our recommendations stand in full compliance with tax legislations, offering clients unmatched peace of mind.
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