National grocery store chain that focuses on natural and organic grocery items, as well as houseware products and other goods.
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.
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.
Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.
Connect with us
Want to learn more? Let us know what you're interested in and one of our team members will be in touch.
Last updated on July 29th, 2019 at 04:45 pm