PROCESSES

Our review process can be customized to fit your company’s specific needs and includes a review of all transaction taxes paid, including:

  • Sales tax paid to vendors
  • Self-assessed use tax
  • Sales and use tax paid in state audit assessments
  • Fuel excise tax
  • Gross receipts tax
  • Commodity tax (GST/HST/QST)
  • Provincial sales tax (PST)
  • Value added tax (VAT)

Our Tax Recovery process includes the following:

  • Identify potential tax recovery opportunities
  • Prepare schedules and supporting documentation
  • Cite statutes, regulations, and court cases to substantiate findings
  • File refund claims with tax jurisdictions and vendors as required by statute
  • Work with tax authorities and vendors until the tax refund check or credit is received
  • Prepare GST/HST/QST input tax credit claims for filing on a current return
  • Identify and report any tax liability findings to minimize future underpayments
  • Provide customized training with recommended solutions designed to eliminate future tax errors
  • Provide direct access to senior tax professionals to answer general tax questions and queries.

Our review identifies potential gaps in all transaction tax processes while confirming those that are sufficient. DMA’s Transaction Tax Recovery team will educate your personnel and recommend solutions to eliminate the risk of future transaction tax errors. We also provide potential technology solutions to address the identified gaps within the tax policy that created the tax overpayment or underpayment.

OUR TAX RECOVERY MEANS YOUR CASH RECOVERY

Ultimately, this service is designed to reduce the amount of time your staff spends on transaction tax recovery functions, and instead allow them to focus on more valuable business priorities. We collaborate with your tax department to maximize your tax recovery potential.