Has the recent economic downturn left your business struggling for cash? As cash conservation continues to be the primary focus of businesses – large and small – it may be time to search for cash overpayments, generate tax credits and recover tax refunds.
Even for businesses temporarily shutting their doors, or at the very least attempting to minimize person-to-person contact, the time is now to identify any and all means of recovering cash for current operations. Where better to start than taxes and operational expenses?
With the pandemic now the new reality, companies should be keenly focused on these various opportunities. The following is a list of strategies GBQ can assist with:
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Federal Tax Review Opportunities | State and Local Tax Compliance Review |
Tax Credits | Other Cost-Saving Initiatives |
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As states begin to open up and allow for increased commercial activity, take the appropriate steps now to ensure the success of your future business operations. With all overpayment reviews, equal attention should be given to risk and exposure mitigation. Exposure reviews may also be performed concurrently in many circumstances. Contact GBQ State & Local Tax experts Matt Stamp, Sara Goldhardt or Chris Dean to start the conservation conversation.