GOVERNMENT & HOSPITALS

CFG Associates has recovered millions of dollars for North Carolina cities, counties and hospitals.

Sales & use tax errors cost virtually every organization money. City and county governments are no exception. Although cities and counties are subject to sales & use tax, the tax paid both directly and indirectly is theoretically recovered by an annual refund. In actuality, however, many North Carolina cities and counties receive less of a refund than they are actually due. Every year North Carolina cities and counties lose a significant amount of revenue to improperly evaluated sales & use tax.

CFG Associates' inside knowledge of tax statutes and our solid working relationships with taxing authorities enable us to recover revenues that rightfully belong to your organization.

CFG Associates has recovered substantial monies in two primary areas:

1) The sales tax refund claims of cities, counties and hospitals. CFG Associates reviews your annual sales tax refund claims to determine if all refundable tax allowed by statute has been claimed. If not, we file an amended return on your behalf to obtain a check from the Department of Revenue for the additional tax you're owed.

2) Sales tax refund claims of other eligible entities in your county. If you are a North Carolina county government, other refundable entities located in your area are adversely affecting the amount of your quarterly distribution from the Department of Revenue. Counties are permitted to request verification of refund claims filed by these organizations. CFG Associates reviews these refunds on behalf of the county and correctly refiles the returns. The end result: your quarterly distribution is increased. The amount of the increase is documented to you by the Department of Revenue.

Recover past, present and future revenues.

CFG Associates performs a comprehensive review of your sales tax profile, advises you of any potential refund due, then files amended refund claims to recover any overpaid tax. Refunds are permitted by statute of limitations for up to three years in arrears.

All we need is your accounts payable data. Working from your information, we take any administrative action necessary to recover the tax you're owed. We will also advise you of any other areas of tax liability at your request. At the conclusion of our review, we discuss our findings with the appropriate personnel to prevent any further problems with sales & use tax compliance in the future.