Case Study 1
Audit Defence Closed In 3 Weeks, $89,000 Cleared — Fintech Startup, Grand Forks
A fintech startup in Grand Forks, British Columbia was under review over instalments still calculated on a year the business had long outgrown. The file closed in 3 weeks with $89,000 of proposed tax cleared.
A fintech startup in Grand Forks, British Columbia 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 bc tax and accounting file came to $89,000. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial 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. $89,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 2
$585,000 Sheltered By The Lifetime Capital Gains Exemption — Gallery and Art Dealer, Grand Forks
A gallery and art dealer in Grand Forks, British Columbia was preparing to sell, but a single shareholder holding every share, with no room to multiply the exemption disqualified the shares. Purification sheltered $585,000 under the exemption.
A gallery and art dealer in Grand Forks, British Columbia had an offer on the table and 21 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. We purified the corporation so the shares met the qualifying tests, then assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return well ahead of the closing date. The sale closed on schedule with $585,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 3
Corporate Structure Rebuilt For $72,000 Of Annual Savings — Digital Product Agency, Grand Forks
The structure at a digital product agency in Grand Forks, British Columbia no longer fitted the business, and provincial sales tax collected but never remitted on the separate BC return showed it. Rebuilding it saves $72,000 a year.
The structure at a digital product agency in Grand Forks, British Columbia had been set up years earlier for a business that no longer existed, and provincial sales tax collected but never remitted on the separate BC return had become expensive. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $72,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 4
Filed On Time From A Standing Start, $89,000 Penalty Avoided — Recreation Facility Operator, Grand Forks
A recreation facility operator in Grand Forks, British Columbia was 10 weeks from a deadline while carrying sector-specific exposure the previous accountant had not seen before. Filing complete and on time avoided roughly $89,000 in penalties.
A recreation facility operator in Grand Forks, British Columbia came to us 10 weeks before its filing deadline with sector-specific exposure the previous accountant had not seen before. A late filing would have triggered a penalty of roughly $89,000 before interest. We worked backwards from the deadline. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return, prioritising the items that actually gated the filing and deferring everything that did not. The return was filed on time and complete. The $89,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 5
Remittance Schedule Corrected, $94,000 Refunded — Two-Location Bistro, Grand Forks
Remittances at a two-location bistro in Grand Forks, British Columbia were chronically late because of input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. Fixing the schedule refunded $94,000.
Remittances at a two-location bistro in Grand Forks, British Columbia were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, then moved the remittance dates into a scheduled process rather than a monthly decision. Penalties stopped from the following remittance onwards, and $94,000 of overpaid instalments was refunded.
Case Study 6
Growth Handled Without A Missed Filing, $19,000 Freed — Residential Rental Portfolio, Grand Forks
Scaling exposed instalments still calculated on a year the business had long outgrown at a residential rental portfolio in Grand Forks, British Columbia. The back office was rebuilt to match, freeing $19,000.
A residential rental portfolio in Grand Forks, British Columbia was opening in a second province — different filing obligations, a different payroll regime, and instalments still calculated on a year the business had long outgrown already in the file. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns 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. $19,000 of cash was released, and the monthly reporting now flags a problem while it is still small.