Energy and utility companies are challenged by the complexity associated with indirect tax management. Compliance requirements are time-consuming, and the labor market is dwindling. DMA partners with your tax team to recover tax, ensure compliance, and increase efficiency.
We have generated more than $150 million in tax savings for energy and utility clients.
PROPERTY TAX ASSESSMENT REVIEW
DMA has established a long-standing client relationship with a multi-billion-dollar electric and gas transmission company in the Northeastern US. Serving as an extension of the client’s tax department, we have generated more than $26 million in real property tax savings for this client.
TRANSACTION TAX RECOVERY
A Fortune 500 electric and gas company engaged DMA to review its transaction tax returns and records, including audits for the open statutory period. The tax period had already been reviewed by another consulting firm, and the client was not convinced that every stone was unturned. DMA’s transaction tax and utility experts completed a thorough transaction tax recovery review to identify an additional $3.8 million in tax savings for which the client approved DMA to pursue refund claims on its behalf.