Case Study 1
Instalments Rebased, $40,000 Of Cash Returned To The Business — Chiropractic Clinic, Pembroke
A chiropractic clinic in Pembroke, Ontario was overpaying instalments because of instalments still calculated on a year the business had long outgrown. Rebasing them returned $40,000 to the business.
A chiropractic clinic in Pembroke, Ontario was paying instalments calculated on a prior year that no longer reflected the business. Instalments still calculated on a year the business had long outgrown was tying up $40,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default, and rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. $40,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 2
$47,000 Late-Filing Penalty Cancelled On Relief Application — Food Processing Plant, Pembroke
A food processing plant in Pembroke, Ontario had already been penalised over out-of-province sales billed at the ON rate instead of the customer’s. A relief application cancelled $47,000 of that penalty.
A food processing plant in Pembroke, Ontario had already missed one deadline and was about to miss a second. Behind it sat out-of-province sales billed at the ON rate instead of the customer’s, and a penalty of $47,000 was accruing. We split the work into what had to happen before the deadline and what could follow it, then registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The outstanding return was accepted as filed, and the taxpayer relief application cancelled $47,000 of the penalty already assessed on the earlier year.
Case Study 3
Reorganisation Completed Tax-Deferred, $9,000 Saved Each Year — Psychology Practice, Pembroke
A psychology practice in Pembroke, Ontario had outgrown its structure, with sector-specific exposure the previous accountant had not seen before the visible cost. The reorganisation completed tax-deferred and saves $9,000 a year.
A psychology practice in Pembroke, Ontario had outgrown the structure it started with. Sector-specific exposure the previous accountant had not seen before was the immediate problem; the longer-term one was that the structure blocked the next step. We mapped the current structure, modelled the target, and assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return — with the tax-deferred elections filed on time and the supporting valuations documented. The reorganisation completed without triggering tax, and the new structure saves approximately $9,000 a year while removing the exposure the old one carried.
Case Study 4
Share Sale Restructured, $790,000 Less Tax On Closing — Precision Machine Shop, Pembroke
Due diligence at a precision machine shop in Pembroke, Ontario surfaced no valuation on file to support the price the parties had agreed. Restructuring the sale saved $790,000 against the original terms.
A precision machine shop in Pembroke, Ontario was preparing to sell. Due diligence surfaced no valuation on file to support the price the parties had agreed, which would have reduced the price or killed the deal outright. We cleaned up the historical file, recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year, and prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $790,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Case Study 5
Audit Defence Closed In 10 Weeks, $41,000 Cleared — Veterinary Hospital, Pembroke
A veterinary hospital in Pembroke, Ontario was under review over a provincial payroll levy that had never been registered for or remitted. The file closed in 10 weeks with $41,000 of proposed tax cleared.
A veterinary hospital in Pembroke, Ontario was selected for review after a provincial payroll levy that had never been registered for or remitted showed up in the CRA's automated matching. The proposed adjustment on its on tax and accounting file came to $41,000. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return. 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. $41,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 6
Remuneration Review Saved $74,000 Across Corporate And Personal Returns — Executive Coaching Practice, Pembroke
A remuneration review at an executive coaching practice in Pembroke, Ontario found instalments still calculated on a year the business had long outgrown and saved $74,000 across the corporate and personal returns.
Nothing was wrong at an executive coaching practice in Pembroke, Ontario — the filings were on time and accurate. What they were not was planned. Instalments still calculated on a year the business had long outgrown had never been reviewed. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns, and ran the numbers across both the corporate and personal returns so the saving was real rather than deferred into someone else's hands. $74,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.