6 Corporate Accounting Services 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 corporate accounting services work, not a general example.
Case Study 1 · Records and systems rebuilt
30 Months Reconciled And $8,500 Of Input Tax Recovered — 14-Person Design Agency, Regina
A 14-person design agency in Regina, Saskatchewan was carrying a bank that refused to renew an operating line without compliant statements. Nothing reconciled, and every filing started with 30 months of cleanup.
What we did
We rebuilt from source rather than correcting on top of the existing file. 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, then set the routine that keeps it clean.
The result
30 months reconciled to the bank. The close now takes 5 days, and $8,500 of previously unclaimable input tax was recovered in the process.
Case Study 2 · Structure rebuilt
Reorganisation Completed Tax-Deferred, $55,000 Saved Each Year — Machine-Shop Owner-Operator, Guelph
A machine-shop owner-operator in Guelph, Ontario had outgrown the structure it started with. Two sets of numbers — one in the accounting file, one the owner actually ran the business on was the immediate problem; the longer-term one was that the structure blocked the next step.
What we did
We mapped the current structure, modelled the target, and reconciled the inter-company accounts, papered the arrangement with a written agreement, and aligned both corporations’ year-ends — with the tax-deferred elections filed on time and the supporting valuations documented.
The result
The reorganisation completed without triggering tax, and the new structure saves approximately $55,000 a year while removing the exposure the old one carried.
Case Study 3 · Missed incentive claimed
$133,000 Credit Claim Filed And Accepted Without Adjustment — Commercial Cleaning Contractor, Winnipeg
A commercial cleaning contractor in Winnipeg, Manitoba assumed the credits did not apply to a business its size. Two sets of numbers — one in the accounting file, one the owner actually ran the business on meant they had applied all along.
What we did
We identified the qualifying activity, built the documentation to support it, and 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.
The result
$133,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 4 · Planning that cut the bill
$30,000 Saved By Correcting What Prior Filings Had Missed — Boutique Fitness Studio Group, Kitchener
Client: A boutique fitness studio group · Where: Kitchener, Ontario · Engagement: 7 weeks, fixed fee
Saving identified$30,000
RecurringYes
Positions documentedAll
The situation
A boutique fitness studio group in Kitchener, Ontario asked for a second opinion on corporate accounting services after three years of rising tax. The review found inter-company balances between two related corporations that had never been reconciled.
What we did
We built the comparison first — current structure against two alternatives — and then separated personal and corporate spending, cleared the shareholder loan through a documented salary and dividend mix, and restated the comparative year.
The result
First-year saving of $30,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 5 · Deadline rescue
Filed On Time From A Standing Start, $52,000 Penalty Avoided — Regional Courier Operator, Lethbridge
Client: A regional courier operator · Where: Lethbridge, Alberta · Engagement: 4 weeks, fixed fee
Penalty avoided$52,000
Turnaround4 weeks
FiledOn time
The situation
A regional courier operator in Lethbridge, Alberta came to us 4 weeks before its filing deadline with year-end statements that arrived four months late and never tied to the bank. A late filing would have triggered a penalty of roughly $52,000 before interest.
What we did
We worked backwards from the deadline. 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, prioritising the items that actually gated the filing and deferring everything that did not.
The result
The return was filed on time and complete. The $52,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6 · Backlog brought current
$75,000 Of Arbitrary Assessments Vacated After 6 Years — Specialty Food Importer, Hamilton
6 years of unfiled returns had turned into notional assessments at a specialty food importer in Hamilton, Ontario, with a bank that refused to renew an operating line without compliant statements underneath. Collections had already started.
What we did
We reconciled the inter-company accounts, papered the arrangement with a written agreement, and aligned both corporations’ year-ends, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly.
The result
All 6 years were accepted as filed. $75,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 6 years.
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.
