The Business Case for Tax Recovery

Every year, companies can unintentionally overpay up to 12% on invoices due to erroneous tax charges or missed exemptions.

However, only 34%* of finance and tax professionals reported they have a process in place to prevent overpayments and only 15%* conduct necessary audits to capture refunds.

While many CFOs recognize that the tax function plays a critical role to strategically reduce liabilities, few use this department as an opportunity to recover millions back to the bottom line.

By conducting a reverse sales and use tax audit, companies can identify potential liabilities, retrieve overpaid taxes from states and vendors, and improve processes to prevent lost capital.

This paper covers:

  • Why sales and use tax overpayments exist and how to detect them
  • What is required for a reverse audit and how to build the business case for internal stakeholders
  • The best practices to improve processes and leverage data to prepare for future audits

*Polled CPE webinar audience of 243 finance and tax professionals




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