Sales Tax Recovery
Fairtax has gained extensive experience from thousands of reviews for both public and private organizations. Our team of experts quantifies all refund opportunities with full documentary support for amounts identified, and provides improved systems and processes for your day-to-day operations.
Sales Tax Review
Fairtax has simplified the Sales Tax Review process. We pinpoint areas where you’re entitled to sales tax recovery by leveraging Fairtax’s proprietary data analysis tool. Uncover tax opportunities embedded in internal systemic issues, or discover unique tax opportunities related to your operations. The process minimizes your time and internal resources, and is launched with a simple download from your accounting software. The majority of the review is completed remotely with onsite visits as required. The results are documented in the 3 reports identified below:
Recovery Report
Receive a comprehensive report detailing your review results, including:
Invoice-by-invoice schedules of findings by type
Any requirements for recovering overpayments
Prepared refund claims for review, approval, and signature
A follow up with tax authorities on your company’s behalf
Liability Identification
Achieve Canadian sales tax compliance with our liability identification component. This collaborative process assists your staff in identifying and resolving exposure issues where necessary. It includes:
Identified areas of sales tax underpayment in your purchasing and A/P cycles
Prepared confidential written reports
Process Improvement Report
Understand ways to streamline your organization’s processes and gain sales tax knowledge, including:
An executive summary outlining every possible recovery
Analysis and discussion of any anomalies discovered during the review
Consultant recommendations to assist you in correcting any of the discovered anomalies
A list of operational challenges you face when processing Canadian sales tax, with the net objective of maximizing profitability of your finance, tax, A/P, and purchasing departments
Support Services
Research and Advisory Assistance
Access to our team of Senior Tax Specialists
A service-driven approach that connects our team with your file’s original audit consultant
A documented response with relevant government commentary
Advanced research and advisory assistance, available on a special project per diem basis
Tax Training
Basic GST, PST, QST, and HST information
Current issues affecting the Canadian tax landscape
Systemic structural software issues
In-house and web-based training on how to correct and implement changes identified in reports
Audit Management
Full audit management of your files
Assistance on audit issues
Dedicated and professional assistance (if audited by a Canadian tax authority)
Reduction on the number of final assessments
Advanced audit management on special project per diem basis
Special Projects
Fairtax has qualified professionals capable of assisting you in managing a variety of special projects, including but not limited to:
On-Call Advisory Services
Provincial Sales Tax Advisory
Audit Management/Coordination
Assessment Minimization/Audit Defense
Focused Liability Identification Reviews
Ruling Requests
Opinion Letters
Staff Augmentation
Revenue Stream and Product Tax Status Determination
Voluntary Disclosures
We offer these services to our clients at preferred, special project per diem rates. Please contact us directly for more information.