Reverse Audits for Sales Tax Made Easy

A local hospital was aware that they were probably overpaying on sales tax. A hospital, however, is not a peaceful working environment. Life and death issues are literally life and death issues in a hospital, and it seemed as though there was always something more important to do. One of the accountants found the time to do a reverse audit — and discovered that the hospital was literally losing millions of dollars. Millions of dollars that could be used to help save people’s lives. Reverse audits are really time consuming and some businesses don’t feel they’re worth the effort. RecoveryLINK can change that.

Our tool, RecoveryLINK, is the only software that takes the manual aspects of doing a sales tax audit out of the equation. To perform a reverse audit, you’ll have to manually look up and enter each and every sales tax jurisdiction for the time period you’re reverse auditing. What that means is a single reverse audit can take months to complete if you’ve got a large number of jurisdictions. Even if you don’t have a wide sales range, time wasted spent looking up historical sales tax rates could be spent doing other tasks. RecoveryLINK helps you do just that by automating the historical sales tax rate lookup process.

The process to use RecoveryLINK is as easy as uploading your sales tax data file into our web-based system. Simply match up the categories and map your data and RecoveryLINK will give you a report in no time at all. RecoveryLINK quantifies all the information and verifies you filed with the correct sales tax rate. Then with a click, you’ve got your supporting documentation needed to file for refunds. Instead of spending hours and hours manually entering historical sales tax rates to complete a sales tax reverse audit and essentially eating up a portion of your sales tax refund, RecoveryLINK allows you to do this task in minutes. All of our software products are reasonably priced so the time you’ll save using RecoveryLink will pay for the software.

Latest Articles

Senate Finance Committee Examines Wayfair Decision

Senate Finance Committee Examines Wayfair Decision

The Wayfair decision Four years ago, the Supreme Court's decision in South Dakota vs. Wayfair changed everything about sales tax compliance for businesses with revenue from multiple states. Instead of being responsible only for transactions in states...

read more
Do We Still Care about Physical Nexus?

Do We Still Care about Physical Nexus?

The new nexus Before the Supreme Court's decision in South Dakota vs. Wayfair, remote sellers only had to collect sales tax when they had a physical presence in a jurisdiction. A store, a warehouse full of your products, affiliate sellers -- these...

read more
Sales Tax and Barter

Sales Tax and Barter

a The Barter Life It used to be that businesses only had to collect and file sales taxes if they had a physical presence in a state: an office, a store, a warehouse, or a factory, for example. A small business using e-commerce to sell in other states or...

read more