Accounting - Fort Lauderdale, FL, us
Eighty percent (80%) of commercial office buildings in the State of Florida overpay state sales tax.This overpayment is due to the rare fact that the State of Florida charges state sales tax on commercial rents.This dynamic creates a number of unusual and complicated accounting dynamics that lead to the over collection of Florida state sales tax relative to how certain operating expenses are billed as rent.One of our initial clients Holland & Knight, referred to us by the Florida Department of Revenue, assisted Wolf in clarifying this situation and cleared the path for the Wolf Sales Tax Recovery Process.To date, Wolf Property Services has overseen the recovery and savings of over 100 million dollars of overpaid Florida state sales tax on behalf of clients such as Coca-Cola, TIAA-CREF, Flagler, USAA Realty, Colliers, Hines, Stiles, Cushman-Wakefield, Parkway, The Allen Morris Company and many others.It is very important to note that Wolf maintains a100% Success Rate.Once engaged, Wolf will assess your base rent and CAM charges in order to identity and recover any and all over paid Florida state.Our services are a "contingency-based" percentage of what we recover, which means No Recovery – No Charge.Best of all, Wolf's contingency-based fees are an "allowable" operating expense, which means that ownership has ZERO COST incurred when implementing Wolf's services.
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