Transaction tax

Our approach includes:     

• Adopting a methodology aligned with your company’s objectives
• Seamlessly transitioning your current tax preparation processes
• Delivering returns for your timely review and approval   
• Sharing insights on data or compliance matters 
• Supplying reports in required formats and reconciling high-volume transaction level tax remittance detail to return payments
• Addressing indirect tax notices upon request

Our team has extensive experience in performing the following services:

• Providing guidance regarding audit procedures and processes
• Assisting with required tax or data reconciliations
• Analyzing audit assessments and supporting documentation gathering
• Assisting clients with managing communications with taxing authorities, drafting responses to information requests, and rebutting exam findings and adjustments (if necessary), providing advice on administrative appeals
• Advising with due diligence for merger and acquisition activities
• Conducting nexus reviews and taxability analysis for products/services
• Assisting with Voluntary Disclosure Agreement (VDA) and amnesty processes

We advise you through:

• Refund recovery, compliance, consulting, and tax controversy 
• Identifying potential excise tax overpayments and tax recovery opportunities
• Improving the excise tax compliance process and providing taxability research, due diligence assistance, process reviews, tax controversy (e.g. audits), and registration services

To help companies identify potential indirect tax refund opportunities, we analyze their purchases for possible errors related to the application of sales, use, telecommunications, excise, severance, and other transaction-based taxes.

We leverage GenAI, smart optical character recognition (OCR), cognitive technology, machine learning, data wrangling and data analytics to efficiently identify, recover, and potentially reduce overpayment of indirect taxes in high-volume, complex transactional data environments.

With our collaborative approach and Deloitte’s proprietary technology, we are equipped to advise regarding your evolving severance tax requirements as regulations change and new potential opportunities arise.