A national appliance manufacturer shipping into most states outsourced their financial management to ChurchillTerry. More than a year into the relationship, the firm received notice of a sales tax audit for periods prior to our engagement with an assessment of more than $600,000. While outside our current scope of work, the firm engaged ChurchillTerry to work on the sales tax audit. Reconstructing records and securing missing reseller exemptions resulted in a reduction of the assessment by more than 90% for the client.
A flagship restaurant for a national brand located in a popular tourist destination was producing only enough free cash flow to cover the investors’ annual tax liabilities. Top line sales were declining over a period of years, threatening long-te...Previous Article