The first step in efficiently managing state and local tax compliance is an evaluation of the current situation. As part of this evaluation, OSG looks at the need for improving data collection and reporting systems as well as other factors that influence the ability to identify tax liabilities in a timely and accurate manner. In addition, OSG reviews your current compliance status to assess any taxing jurisdictions where compliance work is needed. We are then able to recommend appropriate resources and to evaluate available options.
Our Compliance Evaluation Services Include:
Sales & Use Tax
- Evaluating registration compliance in all 50 states and in all local jurisdictions
- Evaluating the sales tax data-gathering and reporting processes
- Evaluating the application of proper sales/use/rental taxes in particular situations
- Evaluating exemption certificate compliance with each taxing jurisdiction
- Evaluating collection and remittance compliance with all taxing jurisdictions
- Reviewing tax accrual procedures
- Providing process improvement recommendations
Property Tax
- Evaluating reporting compliance in all 39 states and in all local jurisdictions
- Evaluating the property tax data-gathering and -reporting processes
- Reviewing past reporting to assess accuracy and compliance
- Analyzing the existing fixed asset accounting system to determine property tax compliance issues
- Evaluating asset addresses
- Analyzing prior period reporting to determine prior period liabilities
- Evaluating collection and remittance processes to maximize cash flow
- Reviewing tax accrual procedures
- Providing process improvement recommendations