Since 1994, TRS® Tax Recovery Services Inc. has recovered substantial overpayments in sales tax (GST/HST, QST, and PST) for medium, large, Globe Top 1000 and Fortune 500 companies. For over (14) years, TRS® has been widely recognized as a "boutique" firm that has clearly set it apart from other tax consulting firms. Whether your annual revenue is $25 million or $5 billion, TRS® offers the following:
Jerry Pencak, BBA, CGA
President
GST Data Miner™:
Using this software, you may complete your own "in-house" audit, identify tax savings and exposure on monthly, quarterly or annual basis including:
- Savings in GST/HST input tax credits and QST input tax refunds either missed or claimed for an amount less than the tax paid to suppliers.
- Exposure in GST/HST input tax credits and QST input tax refunds claimed for an amount greater than the tax paid to suppliers.
- Billings to customers where GST/HST was not invoiced correctly.
Benefits include:
- Eliminate or reduce professional fees otherwise paid.
- Achieve added accuracy in financial reporting for the current year by completing your own in-house audit on a regular basis (monthly, quarterly or annually).
- Reduce interest otherwise assessed by tax authorities respecting exposure previously identified and corrected through your own in-house audit.
- Protect next year's budgeted bottom-line from unfavorable "hits" for tax exposure attributable to transactions made during the current year.
- Evaluate the accuracy of data entry by permanent and temporary personnel respecting suppliers' invoices and customers' billings on a more frequent basis.
- Implement new internal controls and accounts payable procedures to prevent against future exposure in claiming ITC's and ITR's.
- Implement new internal controls and billing procedures to prevent against future errors in invoicing taxes to customers.
TAX TALK 360™:
If you're dealing with sales tax issues in Canada, U.S., Europe or Australia, join TAX TALK 360™, an on-line electronic bulletin board. As a member, select a predetermined category for discussion and a geographic area, then either post or reply to any topic with respect to:
- Canada - GST/HST, RST, and QST.
- U.S. - Sales and End Use Tax.
- Europe - VAT.
- Australia - GST.
(For Canada and U.S., geographic areas include provinces and states, respectively).
Benefits include:
- Expand your knowledge of sales tax through on-line communication with other members.
- Share ideas and experiences in tax savings, audits, assessments, and appeals.
- Reduce or eliminate professional fees ranging between $150 - $500 per hour otherwise payable for sales tax consultation.
- Develop a specific understanding of the "definitions" included in the Canadian federal and provincial sales tax Acts rather than relying on government publications that only provide general guidance.
- Develop an in-depth understanding of the exemptions (over 1,000) available to Ontario manufacturers with respect to production equipment and prescribed consumables.
- Expand your knowledge in U.S. and Canadian property tax, SR&ED investment tax credits, and workers compensation through on-line communication with other members.
- Ease of use, drop-down menus, bright and friendly board for viewing, and excellent functionality for quick review of topics.
A 12-month membership fee is $19.95 plus GST (CDN funds) for Canadian residents and $19.95 (U.S. funds) for all others. To register and process payment on-line, click REGISTER.
Personalized Service:
I personally perform each sales tax review to ensure that you receive a high level of personalized service year after year.
Experience:
With (17) years exclusively in sales tax recoveries and (12) years in senior financial positions of large corporations, my level of experience is unmatched by most sales tax consultants.
Proven Track Record:
Through a formal feedback system, I am pleased to share with you the Testimonials received from clients that demonstrate my ability to provide services in an effective, timely, and courteous manner with minimal disruption to your staff.
News & Research:
Obtain "free" access to News & Research, a powerful web tool which will enable you to quickly view:
- GST/HST Forms & Publications.
- Provincial Retail Sales Tax Forms & Publications.
- Other Canadian & U.S. Government Websites.
- Most common Sales Tax Traps compiled by TRS.
I would be pleased to meet with you to review your tax needs in further detail and look forward to your call in the very near future.
Yours very truly,
Jerry Pencak, BBA, CGA
President
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