Our ability to find tax recovery opportunities for clients and to aggressively fight for those dollars is unsurpassed. We ensure no issue or opportunity for tax minimization is unrealized. Best of all, we do it independently, consuming minimal client time and resource.

Litvin Muir recovered more money for us than we could ever have imagined. We had no idea we had so much sales tax bleed.

Tony R. North America Indirect Tax Manager

The consultant found us more money than the profit generated by six of our big box stores in a year. Most of all, we hardly knew he was here.

Mike R.V.P. Finance, Canada

87.4%

Sales Tax Review Recovery Rate

Overpaid GST / HST / QST / PST ? –  87.4% of Companies do !!!!

We’ll identify and flow these resources back to your business

“RighTaxReview”

​Our 23 – point  RighTaxReview  is designed to evaluates whether  all available commodity tax credits and refund opportunities have been captured by clients. Those that have not been are identified, analyzed and validated, for clients to turn them into immediate cashflow.

Our skilled professionals then offer guidance and recommendations to prevent future errors and inefficiencies.

RighTaxReview  is  tailored to each client’s operations, ensuring nuances specific to the client are addressed. We don’t believe the  “one-size-fits-all” approach can address our clients’ unique processes and circumstances.

​The review includes a review and assessment of all procedures and processes that affect commodity tax related transactions. Potential overpayments or underrecoveries of commodity tax are investigated and validated with supporting evidence and legislation. We provide detailed itemized schedules together with supporting evidence as well as legislative where necessary, of our findings. We prepare and submit claims on our clients behalf, and pursue credit and refund opportunities with the relevant tax authorities. In addition, we provide a discreet report to clients highlighting any potential commodity tax exposure areas identified in the review.

​At the conclusion of the review clients are provided with a report identifying where and how errors and issues occurred. We provide guidance as to how to prevent and detect any future errors  similar in nature to the ones identified in the review. Our trained professionals provide training to client staff if required.

The variable nature of corporate environments can lead to inefficient processes, oversights, and human error when it comes to accounts payable expenditures. Although new procedural developments relying on increased automation may simplify many daily activities, they can also result in inaccuracies that are difficult to identify. A common issue is the misprocessing of recoverable sales taxes.

There a multitude of reasons for this, including:

  • continually evolving legislative changes,
  • system updates,
  • personnel changes
  • business growth
  • deadline pressures
  • human error.  

Accurate recovery and payment of commodity taxes, VAT /GST /HST QST/PST, is a stream that directly impacts cash resources and cashflow. 87.4% of companies overpay sales tax. 

Companies are generally prudent, and ensure commodity taxes collected on revenues are paid in a timely manner, they often don’t have the resources available to ensure the accuracy and timeliness of recovery of taxes paid. Sales Tax can be as high as 15% in Canada, so, missed recoveries are costly and expensive.

Canada and the provinces impose commodity taxes on the sale of goods and provision of services, rent, and the importation of goods and services. Commodity taxes paid by business enterprises on their purchases are refundable within a defined period of time.

2nd OPINION?

We provide  wide-ranging reviews of your Accounts Payable system.  Our approach, utilizing our custom software, identifies duplicate or erroneous payments, un-utilized credits and assesses compliance with vendor rebate and discount agreements.   Our team provides meaningful SWOT analyses of your system.

Lets have a conversation

We’ll tell you if you are in the 87,4%

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