Q: Can’t I do this review myself and avoid paying the consultants’ fees?
A: You can attempt to recover any overpayments of tax on your own, but there are two reasons why using an outside consultant will pay for itself. First, our consultants perform these reviews on a daily basis and are more familiar with the details. Second, you and your staff most likely do not have the time or resources to perform the review in the same detail. Agile Consulting Group's clients receive larger refund amounts net of our fees than they would have received by pursuing these refunds themselves because of our knowledge and expertise.
Q: Should the state auditor who recently performed an audit of our company have given us credit for any overpayments of tax our company made during the audit period?
A: Theoretically, yes; but in all likelihood the auditor probably did not. Auditors usually give credit for a few de minimis items, but generally they do not look at the transactions to identify refund opportunities for your company. If you have recently been through a state audit, it is an ideal time to bring in Agile Consulting Group to review the audit and your other records to look for refund opportunities. In the past, we have turned a $400,000 assessment from a state auditor into a $150,000 refund.
Q: If I request a refund, will it trigger an audit?
A: No, it will not necessarily trigger a full audit of your company. Frequently, the state will ONLY audit the records we submit with the refund request and will not perform a complete audit of your records. Regardless, if you are due a refund an audit is nothing to fear when working with an experienced professional. Prior to filing any refund requests with the state, we look for possible liabilities and tailor our approach based on the specific circumstances.
Q: Will you find any savings at my company?
A: Of all the firms we have reviewed, we have yet to find one where we were unable to deliver any savings. It is possible that your company could be the first. While we cannot guarantee we will find savings, by engaging Agile Consulting Group you gain confirmation and will have complete confidence that your company is maximizing the benefit of any available exemptions. Furthermore, we typically sign contingency-based contracts which take all risk out of the equation for our clients. If we do not deliver savings, our client is under no obligation to compensate Agile Consulting Group. This eliminates the possibility of racking up substantial consulting bills that produce little or no client value.