Many contractors are not aware they may qualify for the same sales tax exemptions as certain entities for which they work. For example, if your state exempts certain manufacturers purchases, you may be entitled to the same exemptions on material purchases related to a project for that manufacturer. Such exemptions could save 5 percent or more on building material costs. In most states, tax refunds can be obtained for overpayments made up to three years in arrears.

Each state has different rules and exemptions for various taxpayer categories. The confusion arises from not knowing which purchases qualify for which exemptions.

CFG Associates helps contractors increase profitability by minimizing the amount of tax they pay on materials. Our staff is comprised of former auditors and managers with Big Six accounting firms, several states Departments of Revenue as well as others with extensive state and local tax experience. We know which purchases qualify for exemptions, and how to recover overpaid taxes. Our inside knowledge of tax statutes and our solid working relationships with tax authorities enable us to recover profits that rightfully belong to your organization.

CFG Associates' approach to increasing profitability:

PART 1: ANALYSIS.

First, our associates analyze your jobs or projects during the refundable period of the state in question. We then prepare a general estimate to determine whether or not conducting our review will benefit your business.

PART 2: COMPILATION.

CFG Associates scrutinizes the records of each project that offers a potential savings. From this data, we prepare a detailed report, broken down by each vendor and each job, of all invoices determined to have refundable tax. Where applicable, CFG Associates will also analyze your schedule of tax accrued, and prepare a spreadsheet listing all credits to be taken.

PART 3: RECOVERY.

CFG Associates contacts the appropriate vendors, handling all the administrative details necessary to recover the overpaid sales tax you're due. This sum can be issued as a check, a credit memo or, when warranted, a direct refund that we file directly with the proper taxing authority. The amount recovered is limited only by the size and nature of your business.

PART 4: TRAINING AND SUPPORT

Following our review, CFG Associates trains your personnel to continue to capitalize on all available exemptions. However, our support doesn't end there. We stay in contact with you, informing you of any changes in the law that affect you and offer additional consultation on new projects or issues as they arise.

CFG Associates has recovered lost profits for 100 percent of its clients. We can do the same for you without exposing you to any financial risk. If CFG Associates does not recover profits for you, there will be no charge for our services. Our fees are contingent upon our performance and our work is unconditionally guaranteed. Build greater profits with CFG Associates.