Case Study 1
$94,000 Of Penalties And Interest Cancelled On Relief — Condo Corporation Manager, North Vancouver
A condo corporation manager in North Vancouver, British Columbia was carrying $94,000 of penalties and interest from sector-specific exposure the previous accountant had not seen before. A relief application cancelled it.
An assessment of $94,000 landed at a condo corporation manager in North Vancouver, British Columbia following a desk review. The auditor had not seen the records behind sector-specific exposure the previous accountant had not seen before. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return, then set out the legislative basis for the position alongside the documents supporting it. $94,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 2
Holding Structure Added, $63,000 Saved Annually — Bar and Live-Music Venue, North Vancouver
A bar and live-music venue in North Vancouver, British Columbia needed a holding structure to deal with a provincial payroll levy that had never been registered for or remitted. The reorganisation was tax-neutral and removed $63,000 of annual exposure.
A bar and live-music venue in North Vancouver, British Columbia was carrying a provincial payroll levy that had never been registered for or remitted, 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 assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return and prepared the elections, resolutions and valuations the structure needed to stand up. The structure now matches the business. Annual saving of $63,000, and the reorganisation itself was tax-neutral.
Case Study 3
Collections Halted And $127,000 Cut From A 3-Year Backlog — House-Flipping Operation, North Vancouver
Collections had begun against a house-flipping operation in North Vancouver, British Columbia over 3 years of unfiled returns. Bringing them current cut $127,000 from the balance.
By the time a house-flipping operation in North Vancouver, British Columbia called, 3 years were outstanding and the CRA had assessed on estimates. Underneath it sat input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. We reconstructed the records year by year and registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. Each filing replaced an arbitrary assessment with a real one. The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $127,000, and a relief application addressed part of the accumulated interest.
Case Study 4
Share Sale Restructured, $190,000 Less Tax On Closing — Live Events Production Company, North Vancouver
Due diligence at a live events production company in North Vancouver, British Columbia surfaced no valuation on file to support the price the parties had agreed. Restructuring the sale saved $190,000 against the original terms.
A live events production company in North Vancouver, British Columbia was preparing to sell. Due diligence surfaced no valuation on file to support the price the parties had agreed, which would have reduced the price or killed the deal outright. We cleaned up the historical file, recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year, and prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $190,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Case Study 5
$70,000 Credit Claim Filed And Accepted Without Adjustment — Custom Software Development Shop, North Vancouver
A custom software development shop in North Vancouver, British Columbia had never tested its work against the eligibility rules. The resulting $70,000 claim was accepted without adjustment.
A custom software development shop in North Vancouver, British Columbia assumed the credits did not apply to a business its size. British Columbia incentives claimed by competitors and never by this business meant they had applied all along. We identified the qualifying activity, built the documentation to support it, and separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns. $70,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 6
$114,000 Reassessment Reduced To Nil On Review — Talent Management Agency, North Vancouver
A $114,000 reassessment was proposed against a talent management agency in North Vancouver, British Columbia following sector-specific exposure the previous accountant had not seen before. The documented response reduced it to nil.
A review notice arrived at a talent management agency in North Vancouver, British Columbia covering its bc tax and accounting file for two tax years. The auditor's working position was an adjustment of $114,000, driven by sector-specific exposure the previous accountant had not seen before. Rather than negotiate, we rebuilt the record. We assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return and submitted a point-by-point response that answered each proposed adjustment with the document behind it. The auditor accepted the documented position and closed the review without adjustment, protecting $114,000 and leaving the prior filings undisturbed.