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DMA's Inventory Analysis service provides a customized review of your stock of finished goods, work-in-process, raw materials, and supplies to determine if any tax exemptions may apply. We focus on establishing the correct range of value for inventory accounts, which benefits you prospectively.
DMA's analysis starts with the collection of tax notices and tax bills for all inventory accounts. The values are then reconciled to the book inventory and any differences are accounted for and analyzed by our experienced personal property tax experts. We analyze all information regarding the inventory such as location, type, appropriate trade level, industry specifics, accounting, current supply and demand economic factors, etc. Once all information is gathered, we determine if the inventory is properly valued and if all exemptions are being taken. We then provide you with a report that explains our conclusions and recommended solutions. And, we pursue exemption-based savings or valuation arguments with taxing authorities on your behalf and with your approval.
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