Baker, Shore & DiLorenzo Consulting LLC

Baker, Shore & DiLorenzo Consulting, LLC (BSD) is a Lockport, NY-based state and local tax consulting firm

Baker, Shore & DiLorenzo Consulting, LLC (BSD) is a Lockport, NY-based state and local tax consulting firm specializing in sales and use tax overpayment recovery, tax compliance, utility studies, audit support, franchise tax reductions, and customized tax education. Established in 1990, BSD has extensive experience helping New York State manufacturers identify tax savings opportunities, recover sales tax paid in error, improve compliance, and reduce future tax costs.

Manufacturers are a major focus of BSD's practice. New York manufacturers may qualify for numerous sales and use tax exemptions related to production equipment, utilities, property and services used in manufacturing, and other qualifying purchases. BSD reviews purchasing and accounting records to identify situations where sales tax may have been charged or paid even though the transaction qualified for an exemption.

Sales Tax Overpayment Recovery Reviews examine historical transactions to identify recoverable tax overpayments and assist with preparing and submitting refund claims. BSD performs its Overpayment Recovery Review on a contingency-fee basis, meaning its fee is based on recoveries obtained for the client and is payable after the client receives the refund. If the review identifies no recovery, there is no recovery fee.

For manufacturers, potential overpayments can occur when vendors charge tax incorrectly, employees are unaware of available exemptions, purchases are coded to taxable accounts even though their actual use qualifies for an exemption, or tax rules and manufacturing processes change over time. BSD's review is designed to uncover these less-obvious opportunities rather than focusing only on standard production-equipment exemptions.

BSD also performs sales and use tax Compliance Reviews. These reviews are designed to identify both potential liabilities and overpayments, helping manufacturers understand whether their current purchasing, exemption, and tax-accrual practices comply with applicable sales tax laws and regulations. This can allow a company to address issues proactively rather than discovering them during a state audit.

Utility Studies help manufacturers determine what portion of electricity, natural gas, and other qualifying utility consumption may be exempt from sales tax based on its use in the manufacturing process. BSD combines sales tax knowledge with technical analysis to determine the exempt portion of utility consumption and support applicable exemption or refund opportunities.

Audit Support services assist companies undergoing state sales and use tax audits. BSD can help review transactions, organize documentation, identify exemptions, communicate and negotiate with taxing authorities, and work to reduce proposed assessments when appropriate.

BSD also provides customized sales tax seminars designed around a company's specific operations and purchasing activity. Training can help accounting, purchasing, management, and other personnel better understand applicable exemptions, improve internal processes, reduce future overpayments, and maintain stronger tax compliance.

Through its sales tax recovery work, BSD may also identify transactions that result in franchise tax reduction and recovery opportunities.

The firm's experience is particularly relevant to manufacturers because manufacturing tax exemptions can extend beyond obvious production machinery. A company may understand its primary production exemptions while still overpaying tax on other qualifying goods, services, utilities, or transactions.

BSD works with family-owned businesses, manufacturers, defense contractors, food manufacturers, and other organizations and maintains strict confidentiality when reviewing sensitive financial, purchasing, operational, and tax information.

Key Capabilities: Manufacturing sales tax, manufacturing tax exemptions, New York manufacturing exemptions, NYS sales tax, New York sales and use tax, sales tax consulting, use tax consulting, sales tax recovery, tax overpayment recovery, sales tax refunds, manufacturing tax refunds, sales tax exemption review, production equipment exemptions, manufacturing equipment exemptions, utility exemptions, utility studies, electricity sales tax exemption, natural gas sales tax exemption, energy tax exemptions, tax compliance, sales tax compliance review, use tax compliance, audit support, sales tax audit support, tax assessment reduction, franchise tax reduction, exemption certificates, purchasing review, accounts payable review, transaction review, tax recovery consulting, customized sales tax training, sales tax seminars, manufacturer tax savings, cost reduction, profitability improvement, and New York State tax consulting.

Manufacturing-Focused Services: Sales & Use Tax Overpayment Recovery | Manufacturing Exemption Reviews | Utility Studies | Compliance Reviews | Sales Tax Audit Support | Franchise Tax Reductions | Customized Sales Tax Seminars

Best Fit: New York State manufacturers, machine shops, metal fabricators, plastics manufacturers, food and beverage manufacturers, aerospace and defense suppliers, automotive suppliers, chemical companies, equipment manufacturers, high-energy-use manufacturing facilities, and other businesses seeking to identify sales tax overpayments, recover tax refunds, maximize manufacturing exemptions, evaluate utility tax exemptions, prepare for or respond to a sales tax audit, improve tax compliance, or reduce future sales and use tax costs.