COST RECOVERY

COST RECOVERY is a second money saving element in business consulting.  There are many forms of cost recovery but in its most elementary definition it is the recovery of money that your company has already paid out.  We focus on several areas but the most productive is Federal and State recovery of taxes already paid on voice, data and related services.  All areas of our focus are related to Telecom and Data services.  We concentrate on the areas that have been missed by the largest National accounting firms.  It is not that we are smarter than them in tax law but we are smarter when it comes to our knowledge of the Telecom and Data industries and how the tax law should apply to them.

Many years ago, there was a rush to recover excise tax over-payments.  These over-payments were not discovered by the large accounting firms but rather the industry specialists like our company.  Eventually, most companies figured out that they had overpaid Telecom excise taxes and filed for recovery but there were many companies that ignored the news and they missed filing for their recovery before the statute of limitations ran out.  That is exactly what is happening right now and the clock is running.  There were several Federal rulings that invalidated certain taxes that were charged but the Internal Revenue Service did not go out and shout it from the roof tops.  There is no government agency that will call you if your company does not know about the over-payments.

It costs your company absolutely nothing to look at potential recovery.  Unlike the excise tax recovery, you do not have to dedicate hours of accounting resources to gather records.  We are paid a percentage of the recovery we find for your company and only after you have been paid by the government agencies.  We handle all of the processing, sorting, preparation and submission.  We help you determine if your company has overpaid and then move forward to prepare the forms for recovery.

Every company does not necessarily qualify.  The tax recovery goes back as much as six years and therefore if you do qualify – the multiple year recovery can be very large.  We do not work with every company for recovery.  Our participation decision is based upon some basic questions and we then make a recommendation as to how to proceed.   We will go forward if we accept your company for the recovery process.  We do not have a plan to charge you for our process (except the percentage of savings) so we are not attempting to “hard sell” or convince any company to go forward.  We have learned over the years that if we decide to move forward with the project – the incentives are large enough that very few companies make a decision not to go forward with us.