Client Profile

National grocery store chain that focuses on natural and organic grocery items, as well as houseware products and other goods.

The Challenge

Reviewing the filing methodology for construction in process based on previously filed returns in various jurisdictions. Research and identification of jurisdiction-specific tax exemptions for certain goods, and pursuing approval of the exemption.

The Results

Altus Group performed a review of previous filing methodologies and compared to the company’s internal capitalization policies, specifically in the area of construction in process. Altus found certain accounts that should have been allocated on a pro-rata basis, previously being fully reported. Additionally, Altus obtained jurisdiction-specific exemptions based on their understanding of the company, and comparing to existing exemptions offered. These projects combined to produce savings of $165,000 for the client for just two locations.