A recent article in CFO magazine referenced the results of Stingers:  The 2004 State Tax Survey.  “Despite the emphasis that corporate income tax often gets in the press and in the state capitols, it typically makes up just 5 to 10 percent of state tax collections.  The real dollars come from property tax, sales tax and the individual income tax.”  "Because states are out of money and seek to close their budget gaps", wrote one survey respondent, “they are getting money out of audits even when the basis of their argument is unreasonable and unfounded.”

In a mature tax industry, dominated by the Big Four accounting firms, HBS has found a unique niche.  Our professional staff is comprised of former state auditors and tax directors. Do not wait for a call from the state.  We can help you to be pro-active.

HBS offers a no cost validation of your current tax status.
We will identify areas of exposure, provide defense against sales tax audit assessments and train your employees, to insure future savings.  Join our list of satisfied clients that have reduced their tax liability and increased corporate profits.

Payroll Taxes
There is a 50% chance you are overpaying payroll taxes.
US Department of Labor statistics state that if your company has been through a merger, acquisition or restructuring you may have overpayments in multiple areas of payroll taxes.  State Unemployment, State Disability, and Social Security are the most prominent areas of overpayment.

Due diligence is performed prior to a merger, acquisition etc. by corporate professionals.  They file all the pertinent papers with the appropriate federal and state tax agencies once the merger is complete.  However, many payroll taxes paid up to a specific dollar limit often carry reserves. 

Statistics indicate up to 50% of the time information is not recorded properly. Incorrectly, rates are assigned to the new company.  In so doing, the new corporation pays taxes even though they met their maximum tax limits.  Who is holding these federal and state agencies accountable?  HBS offers a no cost validation of your current tax status. You might even qualify for a refund!

Unemployment Taxes
Unemployment is a dollar-in, dollar-out program.
Long overlooked, this is the U.S. Government’s second highest employer-mandated tax.  Each claim represents a potential $11,000 liability.

Are you paying the correct claim amount?  In the State of New Jersey, 11% of employers are paying the incorrect amount.  Is your company paying unnecessary claims?  Is your company liable for all or only part of the unemployment claim?  HBS has a team of professionals that can answer all these questions and validate that each claim is registered and paid the correct amount. 

These costs are controllable.  We offer a no cost validation of your current tax rate.  We invite you to join our list of satisfied clients who have outsourced their unemployment claims and increased corporate profits.

Other Business-related Taxes
You may also be overpaying business taxes in other areas.  Our professional staff is comprised of former state auditors and tax directors that can help you in multiple business tax areas.  We offer no cost services validating your current tax status.  Allow HBS the opportunity to review this tax information with you.