Frequently Asked Questions

What is Prestige Tax Advisors' level of experience?

The owner of Prestige Tax Advisors is a former Arkansas Sales and Use Tax Auditor with first-hand knowledge of the Arkansas code and Sales and Use Tax regulations and has a well-rounded knowledge of many industries operating in Arkansas. The team also includes members with twenty years of manufacturing accounting and sixteen years of sales tax consulting in Arkansas. Our experience has led the way to favorable changes for the taxpayers of Arkansas.

When should I contact a tax consultant?

Call us anytime with questions. We are honored to help!

What are your services?

Here is a list of the services we provide:

Conducting reverse audits to identify overpayments and securing our clients refunds for those overpayments.
Conducting compliance audits identifying reporting errors that adversely affect the accuracy of your tax reporting.
Identification, implementation, and management of all available sales tax rebates, reduced rates, and tax credits.
Providing audit defense during state audits by the Arkansas Department of Finance and Administration.
Mitigation representation in any audit finding that is contrary to the Arkansas Code and/or Regulations (last published in 2008).
Request opinions on the taxability of complex transactions.
File monthly excise tax returns.
Available daily for any questions you have regarding your sales taxes.

I am with a large manufacturing facility, and we already have an accountant. Why do we need a tax consultant also?

An accountant onboard is always a great thing! They help with accounts payable and all other in-house needs. Our tax consultants specialize in Arkansas Sales and Use Tax, and most general accountants do not. We dig in deep and look at tax credits, overpayments, and rebates to get you money back... and we don't get paid till you do!

I am currently getting audited by the state of Arkansas? can you help?

Yes, we can certainly help with that. As a former Arkansas Sales & Use Tax Auditor, our owner/consultant has first-hand knowledge to assist your company reduce the liability, defend you, and guide you throughout the entire audit process.

I am just thinking about starting a business. Is a tax consultant someone I need to meet with?

Absolutely! Our tax consultants will help you with a business startup plan along with getting the necessary forms to the State of Arkansas. Let us help you get ready for your business's next step!

I was recently audited by Arkansas, should I have been given credit for any overpayment of tax in the audit?

You should, but our experience has found a large portion of our client's credits are overlooked in most audits.

Would a reverse audit be worthwhile to my company?

Absolutely! We almost always find overpayment of taxes. At the same time, we identify any problems that may cause exposure later in an audit. And we do not get paid until you do!

What are your fees?

It depends. We operate on a contingency fee for refunds, rebates, and credits, so we do not get paid until you do. We charge a filing fee when filing returns. We charge hourly fees for complex issues, legal opinions, audit defense, and mitigation.