Guiding you through PST complexity and getting you a larger refund
Why companies overpay PST?
Despite common belief, PST rules are not very complex. The reason companies overpay PST is mainly because:
– changes in the process or new equipment are not properly incorporated in the subledger;
– employee turnover causes knowledge drain and extra workload, new employees struggle with complexity of sales tax rules;
– new suppliers are not aware of specific exemptions and charge tax as safety precaution.
Trying to catch those errors is time consuming and, let’s face it, boring.
The Good News!
We have developed machine learning algorithms that automate the review of transactions and reduce the time from 8 to 2-3 weeks. We pass those savings to you through the fee structure that is transparent and predictable. You can now get PST under control in a very cost-efficient way and without tying internal resources. Whether you would like a full compliance review or just to recover overpayments, we are here to help.
This video will explain how our approach can save you thousands on PST review.
Our commitment to you
- Fee that is based on number of invoices with PST charges. Whether you have $30,000, $50,000 or $100,000 in overpayment, our fee stays constant!
- We will scan every transaction and evaluate inventory usage to maximise your refund.
- We cause minimal disturbance, years in manufacturing allows us to quickly understand your business.
- You only pay when you receive refund and, if we find nothing, you pay nothing.
- We take data security seriously, all data files are encrypted, stored and analyzed on secure servers in Canada. Your data is purged upon completion of our engagement.
Versatile Analytics Advantage
We specialize in manufacturing and forestry industry and can quickly assess your processes and determine proper application of sales tax. Over many years we have seen various scenarios, where sales taxes were overpaid, and incorporate those in our review. On top of scanning every transaction, we can review the inventory usage to determine, if change of use clause is applicable, this way maximizing your refund.
Other companies that provide sales tax recovery will charge a percentage of what is found. Often their fee would exceed reasonable cost of a review. We believe that excessive profiting from client’s oversite is not right, because often sales tax overpayments result from unintentional omissions. Modern analytical techniques allow to scan data in a cost-efficient way, so we pass those savings to you, basing our fee on the number of invoices under the review.
You can see from the below graph, that the more we find the larger your refund will be, and our fee stays constant.
