The Best Fit For Your Needs
Tax Recovery Services
Founded in 1994, TRS Tax Recovery Services Inc. is a boutique sales tax consulting firm which specializes in the recovery of GST/HST, QST and PST overpaid by large companies across Canada having annual revenue of $25 million to $1 billion.
As the firm’s principal, I will PERSONALLY complete your sales tax audit to ensure savings are maximized and a value-added service is provided.
I have 30+ years’ experience in sales tax recoveries and 12 years’ experience in financial positions with Fortune 500 and The Globe and Mail Top 1000 companies.
The TRS audit is primarily focused on the accounts payable cycle and identifying suppliers’ invoices where GST input tax credits (ITCs) and QST input tax refunds (ITRs) were not recorded, or recorded incorrectly, in the general ledger. This audit also includes an examination of suppliers’ invoices where Manitoba (RST), Saskatchewan (PST) and British Columbia (PST) were paid in error for the purchase of exempt goods and services.
Trust Jerry Pencak to Recover Your Tax
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My career in sales tax recoveries began in 1991 working for one of the largest sales tax and customs recovery firms in Canada. Having 30+ years of experience in sales tax recoveries, I will identify and maximize savings for your company.
I will PERSONALLY complete your audit and work with you and your staff from our first meeting through completion. With other firms, you may deal with a business development representative and work with one or more consultants who are employees or subcontractors having varied levels of experience in sales tax recoveries and corporate accounting.
As the firm’s principal, I will remotely complete a PRE-AUDIT of your company’s accounts payable transactions and general ledger electronic data at the TRS office. Suppliers’ invoices and other relevant accounting documents will be examined during the FIELD AUDIT at your office.
An in-depth examination of the electronic data will be completed whether there are 1,000 or 1 million rows of accounts payable transactions.
The TRS audit will include a discussion and review of suppliers’ invoices where the amounts for GST/HST and QST recorded in the general ledger exceeded the tax amounts invoiced by suppliers.
A discussion and review will also apply to suppliers’ invoices where PST was neither invoiced by, or paid to, suppliers in respect to the purchase of taxable goods and services.
I will complete your audit in an efficient and timely manner with minimal disruption to you and your staff. The TRS report will be completed within (7) days from the completion date of the FIELD AUDIT.
An annual sales audit is recommended to ensure prompt (1) recovery of overpayments in sales tax and (2) notification of any exposure identified.
As the firm’s principal, I provide a personalized service and create a positive experience for clients. During the FIELD AUDIT, I will (1) be approachable (2) provide assistance on any sales tax questions and (3) keep you informed of my progress and preliminary savings.
I invite you to read (50+) testimonials received from clients under a formal feedback system implemented in 1994.
I am committed to PERSONALLY providing exceptional service and maximizing tax savings for your company over the long term.
Simply bookmark taxrecoveryservices.com and use the FREE webtool “News & Research” to research sales tax issues. It includes links for all GST/HST, QST and PST government publications. Links are also provided for you to subscribe to FREE government sales tax news services.
You may find the videos created by TRS and CRA videos most helpful.
Based on 25% of tax savings.
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Please contact me for more information. TRS may be the best fit for your needs!
