Case Study 1
$137,000 Of Working Capital Freed From The Tax Cycle — Bar and Live-Music Venue, Courtenay
A bar and live-music venue in Courtenay, British Columbia was profitable and permanently short of cash, with instalments still calculated on a year the business had long outgrown behind the gap. Restructuring the tax cycle freed $137,000.
A bar and live-music venue in Courtenay, British Columbia was profitable on paper and short of cash every month. Instalments still calculated on a year the business had long outgrown explained most of the gap. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $137,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
Case Study 2
Scaled To 85 Staff With $117,000 Of Working Capital Freed — IT Managed-Services Provider, Courtenay
Growth at an IT managed-services provider in Courtenay, British Columbia had outrun the back office, and provincial sales tax collected but never remitted on the separate BC return broke first. Headcount reached 85 with $117,000 of cash freed.
An IT managed-services provider in Courtenay, British Columbia was growing fast — headcount to 85 in eighteen months — and the back office had not kept up. Provincial sales tax collected but never remitted on the separate BC return was the first thing to break. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year, and built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 85 staff with no missed remittance and no late filing. $117,000 of working capital was freed in the process.
Case Study 3
Incentive Review Recovered $101,000 Across 7 Open Years — Dance Studio, Courtenay
An incentive review at a dance studio in Courtenay, British Columbia found BC Clean Buildings Tax Credit eligibility that had never been assessed and recovered $101,000 across 7 open years.
An incentive review at a dance studio in Courtenay, British Columbia started from a simple question: what has never been claimed? The answer ran to 7 years, driven by BC Clean Buildings Tax Credit eligibility that had never been assessed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $101,000 across the open years, and the tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Case Study 4
$60,000 Of Arbitrary Assessments Vacated After 7 Years — Two-Location Bistro, Courtenay
The CRA had assessed a two-location bistro in Courtenay, British Columbia on estimates across 7 unfiled years. Real filings vacated $60,000 of that tax.
7 years of unfiled returns had turned into notional assessments at a two-location bistro in Courtenay, British Columbia, with a provincial payroll levy that had never been registered for or remitted underneath. Collections had already started. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly. All 7 years were accepted as filed. $60,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 7 years.
Case Study 5
Desk-Review Assessment Of $129,000 Vacated — Short-Term Rental Operator, Courtenay
A desk review assessed a short-term rental operator in Courtenay, British Columbia $129,000 over sector-specific exposure the previous accountant had not seen before. Producing the records vacated it.
A short-term rental operator in Courtenay, British Columbia was carrying $129,000 of penalties and interest arising from sector-specific exposure the previous accountant had not seen before, much of it accumulated during a period the CRA itself had delayed. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $129,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 6
Books Rebuilt From Source, $18,000 In Unclaimed Input Tax Found — Ghost-Kitchen Operator, Courtenay
The ledger at a ghost-kitchen operator in Courtenay, British Columbia could not support its own filings because of instalments still calculated on a year the business had long outgrown. Rebuilding it surfaced $18,000 in unclaimed input tax.
A ghost-kitchen operator in Courtenay, British Columbia could not answer basic questions about its own numbers, because instalments still calculated on a year the business had long outgrown sat between the bank statements and the ledger. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns, then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $18,000 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.