6 Monthly Management Reporting 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 monthly management reporting work, not a general example.
Case Study 1 · Objection and relief
Desk-Review Assessment Of $120,000 Vacated — Mid-Sized Professional Services Firm, Barrie
Client: A mid-sized professional services firm · Where: Barrie, Ontario · Engagement: 10 weeks, fixed fee
Assessment vacated$120,000
Supporting recordsNow on file
AccountCleared
The situation
A mid-sized professional services firm in Barrie, Ontario was carrying $120,000 of penalties and interest arising from pricing set by feel, with no visibility into margin by service line, much of it accumulated during a period the CRA itself had delayed.
What we did
We modelled the covenant ratios monthly and restructured the debt before the next test date rather than after it and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result
The assessment was vacated. $120,000 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
Intergenerational Transfer Completed With $585,000 Deferred — Distributor Entering a Second, Mississauga
Client: A distributor entering a second province · Where: Mississauga, Ontario · Engagement: 3 weeks, fixed fee
Tax deferred$585,000
TransferCompleted
RecordsReview-ready
The situation
A generational transfer at a distributor entering a second province in Mississauga, Ontario had been discussed for years without a plan. A single shareholder holding every share, with no room to multiply the exemption meant the transfer as contemplated would have been fully taxable.
What we did
We rebuilt the reporting around gross margin by service line, which showed two of five offerings were losing money at the current price, sequencing the steps so each one was complete and documented before the next depended on it.
The result
$585,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 3 · Scaling without breaking
Growth Handled Without A Missed Filing, $124,000 Freed — Fast-Growing E-Commerce Brand, Saskatoon
A fast-growing e-commerce brand in Saskatoon, Saskatchewan was opening in a second province — different filing obligations, a different payroll regime, and a covenant breach discovered only when the bank called already in the file.
What we did
We built a rolling thirteen-week cash-flow model, tightened collections, and renegotiated supplier terms so the growth stopped consuming the bank balance and put monthly reporting in place so the owner could see the cash effect of growth while there was still time to act on it.
The result
Growth was absorbed without a compliance failure. $124,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 4 · Records and systems rebuilt
29 Months Reconciled And $7,100 Of Input Tax Recovered — Technology Company Preparing to, Victoria
Client: A technology company preparing to raise · Where: Victoria, British Columbia · Engagement: 10 weeks, fixed fee
Months reconciled29
Input tax recovered$7,100
Close time9 days
The situation
A technology company preparing to raise in Victoria, British Columbia was carrying revenue up 40% year over year and a bank balance that kept falling. Nothing reconciled, and every filing started with 29 months of cleanup.
What we did
We rebuilt from source rather than correcting on top of the existing file. We produced a board-ready monthly package — cash, margin, pipeline and covenant headroom — that replaced a spreadsheet nobody trusted, then set the routine that keeps it clean.
The result
29 months reconciled to the bank. The close now takes 9 days, and $7,100 of previously unclaimable input tax was recovered in the process.
Case Study 5 · Structure rebuilt
Corporate Structure Rebuilt For $29,000 Of Annual Savings — Construction Company Bidding Larger, Toronto
Client: A construction company bidding larger contracts · Where: Toronto, Ontario · Engagement: 8 weeks, fixed fee
Saving per year$29,000
DocumentationComplete
Transfer basisRollover
The situation
The structure at a construction company bidding larger contracts in Toronto, Ontario had been set up years earlier for a business that no longer existed, and an owner making hiring decisions on last quarter’s bank balance had become expensive.
What we did
We modelled the covenant ratios monthly and restructured the debt before the next test date rather than after it. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result
$29,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 6 · Missed incentive claimed
$88,000 Credit Claim Filed And Accepted Without Adjustment — Manufacturer Planning a Plant, Hamilton
Client: A manufacturer planning a plant expansion · Where: Hamilton, Ontario · Engagement: 3 weeks, fixed fee
Claim value$88,000
AcceptedWithout adjustment
RepeatableAnnually
The situation
A manufacturer planning a plant expansion in Hamilton, Ontario assumed the credits did not apply to a business its size. Revenue up 40% year over year and a bank balance that kept falling meant they had applied all along.
What we did
We identified the qualifying activity, built the documentation to support it, and rebuilt the reporting around gross margin by service line, which showed two of five offerings were losing money at the current price.
The result
$88,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
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.
