Case Study 1
$58,000 Of Working Capital Freed From The Tax Cycle — Executive Coaching Practice, Elliot Lake
An executive coaching practice in Elliot Lake, Ontario was profitable and permanently short of cash, with sector-specific exposure the previous accountant had not seen before behind the gap. Restructuring the tax cycle freed $58,000.
An executive coaching practice in Elliot Lake, Ontario was profitable on paper and short of cash every month. Sector-specific exposure the previous accountant had not seen before explained most of the gap. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $58,000 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
34 Months Reconciled And $18,500 Of Input Tax Recovered — Digital Product Agency, Elliot Lake
34 months of records at a digital product agency in Elliot Lake, Ontario had never been reconciled, leaving 13% HST charged on every sale regardless of where the customer was located. Rebuilding recovered $18,500.
A digital product agency in Elliot Lake, Ontario was carrying 13% HST charged on every sale regardless of where the customer was located. Nothing reconciled, and every filing started with 34 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year, then set the routine that keeps it clean. 34 months reconciled to the bank. The close now takes 5 days, and $18,500 of previously unclaimable input tax was recovered in the process.
Case Study 3
$141,000 Late-Filing Penalty Cancelled On Relief Application — Wealth Management Practice, Elliot Lake
A wealth management practice in Elliot Lake, Ontario had already been penalised over a provincial payroll levy that had never been registered for or remitted. A relief application cancelled $141,000 of that penalty.
A wealth management practice in Elliot Lake, Ontario had already missed one deadline and was about to miss a second. Behind it sat a provincial payroll levy that had never been registered for or remitted, and a penalty of $141,000 was accruing. We split the work into what had to happen before the deadline and what could follow it, then assessed and claimed Ontario Innovation Tax Credit alongside the federal return. The outstanding return was accepted as filed, and the taxpayer relief application cancelled $141,000 of the penalty already assessed on the earlier year.
Case Study 4
Notice Of Objection Allowed In Full, $53,000 Reversed — B2B SaaS Company, Elliot Lake
A $53,000 reassessment landed at a B2B SaaS company in Elliot Lake, Ontario, resting on instalments still calculated on a year the business had long outgrown. The objection was allowed in full.
A B2B SaaS company in Elliot Lake, Ontario had been reassessed for $53,000 and had 17 days left on the objection deadline. The reassessment rested on instalments still calculated on a year the business had long outgrown. We filed the objection inside the deadline with a complete submission rather than a placeholder, and rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. The appeals officer allowed the objection in full. $53,000 was reversed and the account returned to a nil balance.
Case Study 5
Corporate Structure Rebuilt For $48,000 Of Annual Savings — Insurance Brokerage, Elliot Lake
The structure at an insurance brokerage in Elliot Lake, Ontario no longer fitted the business, and out-of-province sales billed at the ON rate instead of the customer’s showed it. Rebuilding it saves $48,000 a year.
The structure at an insurance brokerage in Elliot Lake, Ontario had been set up years earlier for a business that no longer existed, and out-of-province sales billed at the ON rate instead of the customer’s had become expensive. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $48,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 6
$118,000 Of Arbitrary Assessments Vacated After 7 Years — Food Processing Plant, Elliot Lake
The CRA had assessed a food processing plant in Elliot Lake, Ontario on estimates across 7 unfiled years. Real filings vacated $118,000 of that tax.
7 years of unfiled returns had turned into notional assessments at a food processing plant in Elliot Lake, Ontario, with sector-specific exposure the previous accountant had not seen before underneath. Collections had already started. We assessed and claimed Ontario Made Manufacturing Investment 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. $118,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 7 years.