6 Accounting Services for Professional Corporations tax and accounting engagements in full — what the client came to us with, what we did, and what it was worth. Each one is specific to accounting services for professional corporations work, not a general example.
Case Study 1 · Objection and relief
Desk-Review Assessment Of $71,000 Vacated — 14-Person Design Agency, Surrey
Client: A 14-person design agency · Where: Surrey, British Columbia · Engagement: 6 weeks, fixed fee
Assessment vacated$71,000
Supporting recordsNow on file
AccountCleared
The situation
A 14-person design agency in Surrey, British Columbia was carrying $71,000 of penalties and interest arising from a bank that refused to renew an operating line without compliant statements, much of it accumulated during a period the CRA itself had delayed.
What we did
We set a monthly close calendar with a fixed cut-off, so the year-end became a review of work already done rather than a twelve-month rebuild and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result
The assessment was vacated. $71,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 2 · Sale and succession
$830,000 Sheltered By The Lifetime Capital Gains Exemption — Machine-Shop Owner-Operator, Windsor
A machine-shop owner-operator in Windsor, Ontario had an offer on the table and 9 months to close. The shares did not qualify for the capital gains exemption, and a single shareholder holding every share, with no room to multiply the exemption was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then separated personal and corporate spending, cleared the shareholder loan through a documented salary and dividend mix, and restated the comparative year well ahead of the closing date.
The result
The sale closed on schedule with $830,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 3 · Scaling without breaking
Scaled To 69 Staff With $112,000 Of Working Capital Freed — Commercial Cleaning Contractor, Edmonton
Client: A commercial cleaning contractor · Where: Edmonton, Alberta · Engagement: 8 weeks, fixed fee
Headcount reached69
Working capital freed$112,000
Missed deadlinesZero
The situation
A commercial cleaning contractor in Edmonton, Alberta was growing fast — headcount to 69 in eighteen months — and the back office had not kept up. Two sets of numbers — one in the accounting file, one the owner actually ran the business on was the first thing to break.
What we did
We rebuilt the trial balance from source documents, reconciled every bank and credit-card account, and issued a CSRS 4200 compilation with a proper basis-of-accounting note, and built the compliance calendar for the size the business was becoming rather than the size it had been.
The result
The business reached 69 staff with no missed remittance and no late filing. $112,000 of working capital was freed in the process.
Case Study 4 · Records and systems rebuilt
Month-End Close Cut From 8 Weeks To 8 Days — Boutique Fitness Studio Group, Regina
Client: A boutique fitness studio group · Where: Regina, Saskatchewan · Engagement: 11 weeks, fixed fee
Close time before8 weeks
Close time after8 days
Year-endReview, not rebuild
The situation
The accounting file at a boutique fitness studio group in Regina, Saskatchewan was built on year-end statements that arrived four months late and never tied to the bank. The year-end had taken 8 weeks each of the last three years.
What we did
We reconciled the inter-company accounts, papered the arrangement with a written agreement, and aligned both corporations’ year-ends and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result
The file reconciles. Month-end closes in 8 days instead of 8 weeks, and the year-end is a review rather than a reconstruction.
A regional courier operator in Toronto, Ontario was carrying a shareholder loan account that had drifted for three years with no supporting entries, and every option for fixing it ran through a reorganisation that had to be done without triggering tax.
What we did
Working with the client's lawyer, we set a monthly close calendar with a fixed cut-off, so the year-end became a review of work already done rather than a twelve-month rebuild and prepared the elections, resolutions and valuations the structure needed to stand up.
The result
The structure now matches the business. Annual saving of $32,000, and the reorganisation itself was tax-neutral.
Case Study 6 · Missed incentive claimed
$70,000 In Credits Claimed That Prior Filings Had Missed — Specialty Food Importer, Saskatoon
A specialty food importer in Saskatoon, Saskatchewan had been filing for 4 years without ever claiming the incentives its activity qualified for. Behind that sat year-end statements that arrived four months late and never tied to the bank.
What we did
We tested each activity against the eligibility criteria rather than the description on the invoice, then separated personal and corporate spending, cleared the shareholder loan through a documented salary and dividend mix, and restated the comparative year.
The result
$70,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Reviewed for the 2025 tax year by Udit Gupta, Certified Tax Accountant. Figures describe representative engagements of this type; outcomes depend on your own facts. Client names and identifying details are omitted for confidentiality.
