Case Study 1
3-Week Turnaround Beat The Deadline And Saved $113,000 — Custom Software Development Shop, Vancouver
A 3-week rebuild at a custom software development shop in Vancouver, British Columbia got the filing in with 9 days to spare, avoiding $113,000 in penalties.
With the deadline for its bc tax and accounting file weeks away, a custom software development shop in Vancouver, British Columbia was carrying a provincial payroll levy that had never been registered for or remitted. The exposure if the date slipped was around $113,000. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 9 days to spare. $113,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 2
$11,500 Cut From The Annual Tax Bill — Commercial Landlord, Vancouver
A commercial landlord in Vancouver, British Columbia was filing correctly and still overpaying because of input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. Restructuring the position cut $11,500 from the annual bill.
A commercial landlord in Vancouver, British Columbia was compliant but paying more than it needed to. The prior year had been filed correctly and still left input tax credits claimed against BC provincial tax, which is not recoverable the way GST is on the table. We modelled the current position against the alternatives before changing anything, then registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The change saved $11,500 in the first year and repeats annually. Nothing about the filings became more aggressive; the position is simply the one the rules already allowed.
Case Study 3
$52,000 In Credits Claimed That Prior Filings Had Missed — Esports Organisation, Vancouver
4 years of filings at an esports organisation in Vancouver, British Columbia had never claimed the incentives the work qualified for. The review recovered $52,000.
An esports organisation in Vancouver, British Columbia had been filing for 4 years without ever claiming the incentives its activity qualified for. Behind that sat BC Small Business Venture Capital Tax Credit eligibility that had never been assessed. We tested each activity against the eligibility criteria rather than the description on the invoice, then recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year. $52,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Case Study 4
Corporate Structure Rebuilt For $60,000 Of Annual Savings — Bakery and Cafe, Vancouver
The structure at a bakery and cafe in Vancouver, British Columbia no longer fitted the business, and instalments still calculated on a year the business had long outgrown showed it. Rebuilding it saves $60,000 a year.
The structure at a bakery and cafe in Vancouver, British Columbia had been set up years earlier for a business that no longer existed, and instalments still calculated on a year the business had long outgrown had become expensive. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $60,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 5
Books Rebuilt From Source, $20,000 In Unclaimed Input Tax Found — Digital Product Agency, Vancouver
The ledger at a digital product agency in Vancouver, British Columbia could not support its own filings because of sector-specific exposure the previous accountant had not seen before. Rebuilding it surfaced $20,000 in unclaimed input tax.
A digital product agency in Vancouver, British Columbia could not answer basic questions about its own numbers, because sector-specific exposure the previous accountant had not seen before sat between the bank statements and the ledger. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return, then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $20,000 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 6
Scaled To 68 Staff With $144,000 Of Working Capital Freed — IT Managed-Services Provider, Vancouver
Growth at an IT managed-services provider in Vancouver, British Columbia had outrun the back office, and a provincial payroll levy that had never been registered for or remitted broke first. Headcount reached 68 with $144,000 of cash freed.
An IT managed-services provider in Vancouver, British Columbia was growing fast — headcount to 68 in eighteen months — and the back office had not kept up. A provincial payroll levy that had never been registered for or remitted was the first thing to break. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return, and built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 68 staff with no missed remittance and no late filing. $144,000 of working capital was freed in the process.