Case Study 1
Remuneration Review Saved $61,000 Across Corporate And Personal Returns — Residential Rental Portfolio, Rossland
A remuneration review at a residential rental portfolio in Rossland, British Columbia found input tax credits claimed against BC provincial tax, which is not recoverable the way GST is and saved $61,000 across the corporate and personal returns.
Nothing was wrong at a residential rental portfolio in Rossland, British Columbia — the filings were on time and accurate. What they were not was planned. Input tax credits claimed against BC provincial tax, which is not recoverable the way GST is had never been reviewed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, and ran the numbers across both the corporate and personal returns so the saving was real rather than deferred into someone else's hands. $61,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Case Study 2
Filed On Time From A Standing Start, $34,500 Penalty Avoided — Esports Organisation, Rossland
An esports organisation in Rossland, British Columbia was 4 weeks from a deadline while carrying a provincial payroll levy that had never been registered for or remitted. Filing complete and on time avoided roughly $34,500 in penalties.
An esports organisation in Rossland, British Columbia came to us 4 weeks before its filing deadline with a provincial payroll levy that had never been registered for or remitted. A late filing would have triggered a penalty of roughly $34,500 before interest. We worked backwards from the deadline. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return, prioritising the items that actually gated the filing and deferring everything that did not. The return was filed on time and complete. The $34,500 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 3
3 Years Filed, $141,000 Removed From The Assessed Balance — Live Events Production Company, Rossland
3 years of returns were outstanding at a live events production company in Rossland, British Columbia, on top of sector-specific exposure the previous accountant had not seen before. Filing on real numbers removed $141,000 of assessed tax.
A live events production company in Rossland, British Columbia had not filed for 3 years. The CRA had issued arbitrary assessments, and the business was carrying sector-specific exposure the previous accountant had not seen before on top of a growing interest balance. We started with the oldest year and worked forward so each year's closing balances fed the next. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return, filing the years in sequence rather than all at once. Every year is now filed and assessed on actual figures. The notional assessments were vacated and $141,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 4
Audit Defence Closed In 7 Weeks, $42,000 Cleared — Food Truck Operator, Rossland
A food truck operator in Rossland, British Columbia was under review over instalments still calculated on a year the business had long outgrown. The file closed in 7 weeks with $42,000 of proposed tax cleared.
A food truck operator in Rossland, British Columbia was selected for review after instalments still calculated on a year the business had long outgrown showed up in the CRA's automated matching. The proposed adjustment on its bc tax and accounting file came to $42,000. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns. Every figure in the response traced to a source record the auditor could verify without asking a second question. The review closed with no change. $42,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5
$129,000 Of Working Capital Freed From The Tax Cycle — Two-Location Bistro, Rossland
A two-location bistro in Rossland, British Columbia was profitable and permanently short of cash, with provincial sales tax collected but never remitted on the separate BC return behind the gap. Restructuring the tax cycle freed $129,000.
A two-location bistro in Rossland, British Columbia was profitable on paper and short of cash every month. Provincial sales tax collected but never remitted on the separate BC return explained most of the gap. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $129,000 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 6
Desk-Review Assessment Of $80,000 Vacated — Hardware Startup, Rossland
A desk review assessed a hardware startup in Rossland, British Columbia $80,000 over input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. Producing the records vacated it.
A hardware startup in Rossland, British Columbia was carrying $80,000 of penalties and interest arising from input tax credits claimed against BC provincial tax, which is not recoverable the way GST is, much of it accumulated during a period the CRA itself had delayed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $80,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.