Case Study 1
Instalments Rebased, $149,000 Of Cash Returned To The Business — Home-Care Nursing Agency, Richmond Hill
A home-care nursing agency in Richmond Hill, Ontario was overpaying instalments because of a provincial payroll levy that had never been registered for or remitted. Rebasing them returned $149,000 to the business.
A home-care nursing agency in Richmond Hill, Ontario was paying instalments calculated on a prior year that no longer reflected the business. A provincial payroll levy that had never been registered for or remitted was tying up $149,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default, and assessed and claimed Ontario Innovation Tax Credit alongside the federal return. $149,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 2
Corporate Structure Rebuilt For $45,000 Of Annual Savings — Boutique Law Firm, Richmond Hill
The structure at a boutique law firm in Richmond Hill, Ontario no longer fitted the business, and sector-specific exposure the previous accountant had not seen before showed it. Rebuilding it saves $45,000 a year.
The structure at a boutique law firm in Richmond Hill, Ontario had been set up years earlier for a business that no longer existed, and sector-specific exposure the previous accountant had not seen before had become expensive. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $45,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 3
Audit Defence Closed In 7 Weeks, $98,000 Cleared — Plastics Moulder, Richmond Hill
A plastics moulder in Richmond Hill, Ontario was under review over instalments still calculated on a year the business had long outgrown. The file closed in 7 weeks with $98,000 of proposed tax cleared.
A plastics moulder in Richmond Hill, Ontario 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 on tax and accounting file came to $98,000. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST 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. $98,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 4
Books Rebuilt From Source, $16,000 In Unclaimed Input Tax Found — Mobile App Studio, Richmond Hill
The ledger at a mobile app studio in Richmond Hill, Ontario could not support its own filings because of 13% HST charged on every sale regardless of where the customer was located. Rebuilding it surfaced $16,000 in unclaimed input tax.
A mobile app studio in Richmond Hill, Ontario could not answer basic questions about its own numbers, because 13% HST charged on every sale regardless of where the customer was located sat between the bank statements and the ledger. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year, then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $16,000 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 5
$67,000 Of Arbitrary Assessments Vacated After 6 Years — Veterinary Hospital, Richmond Hill
The CRA had assessed a veterinary hospital in Richmond Hill, Ontario on estimates across 6 unfiled years. Real filings vacated $67,000 of that tax.
6 years of unfiled returns had turned into notional assessments at a veterinary hospital in Richmond Hill, Ontario, with out-of-province sales billed at the ON rate instead of the customer’s underneath. Collections had already started. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly. All 6 years were accepted as filed. $67,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 6 years.
Case Study 6
Scaled To 87 Staff With $128,000 Of Working Capital Freed — Leasing Company, Richmond Hill
Growth at a leasing company in Richmond Hill, Ontario had outrun the back office, and a provincial payroll levy that had never been registered for or remitted broke first. Headcount reached 87 with $128,000 of cash freed.
A leasing company in Richmond Hill, Ontario was growing fast — headcount to 87 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 Ontario Innovation 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 87 staff with no missed remittance and no late filing. $128,000 of working capital was freed in the process.