Recovering Overpaid Taxes and Expenses on the Rise

MUSCATINE, Iowa, March 9 /PRNewswire/ -- Every year tax season is one of the scariest times a business can experience. Seeing the numbers that need to be written out on a check addressed to Uncle Sam can leave even the healthiest person with a pounding headache. All too often business owners are reminded of the ever-increasing operating expenses they pay simply to conduct business normally.

What many businesses don't realize is they are most likely overpaying on their expenses and taxes. Unless they have someone really good keeping tabs on their tax situation, there is a high probability they are one of the many companies that overpay each year. Most businesses may also not realize that they may be eligible to get that overpayment back, even if it was from a couple of years ago. Business owners are called upon by top experts to have second opinions or reviews of these expenses and taxes paid. The results are alarming, and can mean a refund or recovery of money going back decades in some cases and tens of thousands of dollars coming back to the owner.

"We specialize in helping companies to get a refund on the money they have unknowingly overpaid," says Johnathan Ahlf, president of UBS Group, Inc. (http://ubsgrp.com/). "In our last 13 years we have refunded and recovered close to $12 million in overpaid expenses and taxes," says Ahlf. "We have the industry's top experts, bloodhounds if you will. They search out the mistakes and overcharges, and get the recoveries and refunds for our clients."

Services provided by the UBS Group are becoming increasingly popular as businesses learn there is hope for getting money back that they have overpaid. One of the biggest advantages is that the initial service is free to use. Therefore, at no cost to the business, they can have a professional service like the UBS Group investigate to see if they are even eligible to get money back. If a business has overpaid, then the investigating company charges a fee based on the recovery and refund only.

"Our company has hundreds of certified independent consultants that promote a free review of small to large business expenses and taxes paid," explains Ahlf.

To conduct the review, the UBS Group uses software that is trademarked, patented, and industry-specific. The software, Excel Recovery Finder 2.3, helps them to determine possible refund and recovery amounts. The information to determine the possible refunds is gathered in a fact-finding interview conducted by one of their consultants.

The UBS Group reports that most businesses are overpaying their basic operating expenses, usually by as much as $19,400 or more. Areas that are investigated to determine refund eligibility include telecommunications, credit card processing fees, insurance policies, waste disposal, utilities, and office leasing. These are common areas that are often overlooked when it comes to calculating business expenses.

"Close to 94 percent of businesses and individuals overpay expenses and taxes by thousands each year and are unaware of it," says Ahlf. "Our mission is to work hard to help them get it back. We are in the business of producing refunds and correcting overpayments. Businesses can contact us to begin their review and see if they are eligible for a recovery or refund."