|Commodity Tax Recovery|
Pre-audit of GST/HST and PST at TRS office using accounts payable data downloaded by client on CD or USB drive.
On-site A – Z review of suppliers’ invoices in conjunction with review of data.
Tour of facilities to develop an understanding of operations and sales tax issues.
Review of relevant records including G/L Chart of Accounts, tax accounts, journal entries, previous government audit assessments, and other.
Analysis of ITCs to identify large changes in monthly activity.
Analysis of monthly GST/HST collected and average tax rate to highlight possible billing errors.
Review of suppliers’ invoices or journal entries to ensure RITCs on specified property and services are correctly calculated and filed on monthly GST/HST returns.
Discussion of savings and exposure in GST/HST, RST, and QST identified during the review.
On-site training of accounting and purchasing personnel. This would include recommendations to achieve cost-efficiencies in processing transactions and accounting procedures.
Completion of TRS report, Excel worksheets, and document-supported refund applications within seven (7) days from completion of field review.
Technical support via telephone and email.
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