Financial Services

Banks, insurance companies and law firms often pay sales and use tax on thousands of vendor invoices each year, from software and data processing to research tools, printing, marketing, facilities, and outsourced administrative services. Because taxability rules vary by state, invoice coding, bundled charges, and exemption documentation can easily create overpayments.

Our sales and use tax recovery review identifies tax paid in error, quantifies refund opportunities, and helps your team strengthen future compliance without disrupting operations. We examine vendor invoices, purchase card activity, contracts, and accrual processes to find exemptions, allocation opportunities, and misclassified transactions specific to regulated professional environments.

Examples

Example 1: A Texas bank purchases data processing services used by branches inside and outside Texas. Where records support out-of-state use, a portion of the Texas tax may be recoverable through allocation.

Example 2: A New York law firm is charged sales tax on professional services bundled with taxable items. Because New York generally taxes tangible personal property and only certain services, the exempt service component may create a refund opportunity.

Recover dollars. Reduce risk. Improve purchasing controls. Let our specialists uncover missed refunds and build a cleaner tax process going forward.