Sales & Use Tax
In today's economy, taxing agencies are more diligent than ever and many times experts in the tax profession as well as oil & gas field operations are necessary to properly represent your position. Many states provide sales tax exemptions specific to the oil and gas industry. Understanding the use, function and application with the ability to articulate the process can mean hundreds of thousands of dollars. KEA as an organization is one of the most experienced state and local tax organizations specializing within the energy industry for over 35 years with our top professionals averaging nearly 30 years of experience in the field. It’s this expertise coupled with our belief that improvement through education and research provides our clients the most sophisticated and aggressive recovery opportunity available. A detailed review of your expenses and capital purchases can identify areas of possible savings and verification that sales taxes are being charged correctly. Upon completion of our review, we will discuss all of our findings in order to provide you with planning opportunities. Many states provide an extended period to recover sales tax paid in error and offer refunds with interest. So it's not too late.
Our professional staff brings value to your company through the following services:
- Detailed or sample review of vendor purchases for overpayment of sales tax covering all available statute periods with minimal disruption to your staff.
- File refund request with the state or vendor for overpaid taxes.
- Identify areas of sales tax underpayment for proper accounting and correction.
- Provide audit representation and defense to assist you through the difficult audit process.
- File administrative appeals on unresolved issues relating to audits or refunds.
- Provide tax research and consulting services on an as-needed basis.
- Audit defense.