Case Study 1
5 Years Filed, $49,000 Removed From The Assessed Balance — Theatre Company, Cranbrook
5 years of returns were outstanding at a theatre company in Cranbrook, British Columbia, on top of instalments still calculated on a year the business had long outgrown. Filing on real numbers removed $49,000 of assessed tax.
A theatre company in Cranbrook, British Columbia had not filed for 5 years. The CRA had issued arbitrary assessments, and the business was carrying instalments still calculated on a year the business had long outgrown on top of a growing interest balance. We started with the oldest year and worked forward so each year's closing balances fed the next. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns, filing the years in sequence rather than all at once. Every year is now filed and assessed on actual figures. The notional assessments were vacated and $49,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 2
Incentive Review Recovered $58,000 Across 6 Open Years — Residential Rental Portfolio, Cranbrook
An incentive review at a residential rental portfolio in Cranbrook, British Columbia found BC Clean Buildings Tax Credit eligibility that had never been assessed and recovered $58,000 across 6 open years.
An incentive review at a residential rental portfolio in Cranbrook, British Columbia started from a simple question: what has never been claimed? The answer ran to 6 years, driven by BC Clean Buildings Tax Credit eligibility that had never been assessed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $58,000 across the open years, and the tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Case Study 3
Growth Handled Without A Missed Filing, $116,000 Freed — Condo Corporation Manager, Cranbrook
Scaling exposed sector-specific exposure the previous accountant had not seen before at a condo corporation manager in Cranbrook, British Columbia. The back office was rebuilt to match, freeing $116,000.
A condo corporation manager in Cranbrook, British Columbia was opening in a second province — different filing obligations, a different payroll regime, and sector-specific exposure the previous accountant had not seen before already in the file. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return 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. Growth was absorbed without a compliance failure. $116,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 4
$135,000 Of Working Capital Freed From The Tax Cycle — Data Analytics Consultancy, Cranbrook
A data analytics consultancy in Cranbrook, British Columbia was profitable and permanently short of cash, with provincial sales tax collected but never remitted on the separate BC return behind the gap. Restructuring the tax cycle freed $135,000.
A data analytics consultancy in Cranbrook, British Columbia was profitable on paper and short of cash every month. Provincial sales tax collected but never remitted on the separate BC return explained most of the gap. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $135,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
Case Study 5
8-Week Turnaround Beat The Deadline And Saved $18,000 — Quick-Service Franchise Operator, Cranbrook
A 8-week rebuild at a quick-service franchise operator in Cranbrook, British Columbia got the filing in with 15 days to spare, avoiding $18,000 in penalties.
With the deadline for its bc tax and accounting file weeks away, a quick-service franchise operator in Cranbrook, British Columbia was carrying a provincial payroll levy that had never been registered for or remitted. The exposure if the date slipped was around $18,000. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 15 days to spare. $18,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 6
Holding Structure Added, $60,000 Saved Annually — Bar and Live-Music Venue, Cranbrook
A bar and live-music venue in Cranbrook, British Columbia needed a holding structure to deal with instalments still calculated on a year the business had long outgrown. The reorganisation was tax-neutral and removed $60,000 of annual exposure.
A bar and live-music venue in Cranbrook, British Columbia was carrying instalments still calculated on a year the business had long outgrown, and every option for fixing it ran through a reorganisation that had to be done without triggering tax. Working with the client's lawyer, we separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns and prepared the elections, resolutions and valuations the structure needed to stand up. The structure now matches the business. Annual saving of $60,000, and the reorganisation itself was tax-neutral.