Services
Utility Audits
Since 2000, Discovery Energy Utility Audits has found that over 70% of clients have been incorrectly billed due to numerous errors in billing, monitoring, and measuring energy consumption by the utility companies. Discovery’s job is to find the errors, reclaim those funds back from the utility companies, and implement a system to ensure proper billing for the future.
The Utility Audit includes the following utilities:
- Electricity
- Natural Gas
- Water
- Wastewater
Worker’s Compensation Audits
Worker’s Compensation Audits have some of the highest success rates in the industry. For companies with an annual premium of $100,000 or more, the average recovery refund is $30,000. Worker’s Compensation Audits are also performed on a contingency basis, for companies that meet a minimum annual premium level.
Freight Audits
Last year a reported $2.2 billion was left on the table by companies failing to claim available discounts and refunds on billing errors and overcharges. It was also estimated that over $6 billion was overpaid on shipping rates.
Discovery performs three types of Freight Audits:
- UPS, FedEx & DHL Weekly Recovery Audit
- UPS, FedEx & DHL Rate Review & Negotiation
- Freight (Air, Truck, Ocean, Train) Post Audit
Payable Audits
An estimated $150 billion dollars is left on the table each year, due to missed available exclusions and deductions. Discovery will audit all major purchases and payable accounts to uncover any unclaimed funds due the company. Some of the biggest lump sum refunds Discovery processes are from our Payables Audit.
Cost Segregation Audits
Cost Segregation, or Cost Seg, is a tool the IRS has given businesses to increase upfront depreciation and encourage investment. The study is done by a Discovery Cost Segregation specialist, who identifies the different costs of your facilities that can be depreciated sooner because of its specialized nature. Having a cost segregation study done allows for significant upfront tax deductions to be taken.
Property Tax Audits
According to the U.S. Census Bureau, more is paid in Property Taxes, than in Income Tax and Sales Tax combined. And yet, Property Tax is one of those taxes that we accept as being unmovable and rigid. There is more opportunity for savings with a professional Real and Personal Property Tax study than you know. A Discovery Property Tax Audit will evaluate your Real Property Assessment and Personal Property Tax line items from the basis of our three pillars of study and savings:
- Verification
- Classification
- Valuation
For additional information visit our Frequently Asked Questions, or Contact us.
