Case Study 1
Month-End Close Cut From 10 Weeks To 5 Days — House-Flipping Operation, Port Coquitlam
Closing the books at a house-flipping operation in Port Coquitlam, British Columbia took 10 weeks because of provincial sales tax collected but never remitted on the separate BC return. It now takes 5 days.
The accounting file at a house-flipping operation in Port Coquitlam, British Columbia was built on provincial sales tax collected but never remitted on the separate BC return. The year-end had taken 10 weeks each of the last three years. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild. The file reconciles. Month-end closes in 5 days instead of 10 weeks, and the year-end is a review rather than a reconstruction.
Case Study 2
Incentive Review Recovered $25,500 Across 5 Open Years — Theatre Company, Port Coquitlam
An incentive review at a theatre company in Port Coquitlam, British Columbia found BC Small Business Venture Capital Tax Credit eligibility that had never been assessed and recovered $25,500 across 5 open years.
An incentive review at a theatre company in Port Coquitlam, British Columbia started from a simple question: what has never been claimed? The answer ran to 5 years, driven by BC Small Business Venture Capital Tax Credit eligibility that had never been assessed. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $25,500 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
11-Week Turnaround Beat The Deadline And Saved $77,000 — E-Learning Platform, Port Coquitlam
A 11-week rebuild at an e-learning platform in Port Coquitlam, British Columbia got the filing in with 12 days to spare, avoiding $77,000 in penalties.
With the deadline for its bc tax and accounting file weeks away, an e-learning platform in Port Coquitlam, British Columbia was carrying instalments still calculated on a year the business had long outgrown. The exposure if the date slipped was around $77,000. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 12 days to spare. $77,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 4
Audit Defence Closed In 10 Weeks, $139,000 Cleared — Property Management Company, Port Coquitlam
A property management company in Port Coquitlam, British Columbia was under review over input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. The file closed in 10 weeks with $139,000 of proposed tax cleared.
A property management company in Port Coquitlam, British Columbia was selected for review after input tax credits claimed against BC provincial tax, which is not recoverable the way GST is showed up in the CRA's automated matching. The proposed adjustment on its bc tax and accounting file came to $139,000. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. 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. $139,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5
Notice Of Objection Allowed In Full, $100,000 Reversed — Food Truck Operator, Port Coquitlam
A $100,000 reassessment landed at a food truck operator in Port Coquitlam, British Columbia, resting on sector-specific exposure the previous accountant had not seen before. The objection was allowed in full.
A food truck operator in Port Coquitlam, British Columbia had been reassessed for $100,000 and had 7 days left on the objection deadline. The reassessment rested on sector-specific exposure the previous accountant had not seen before. We filed the objection inside the deadline with a complete submission rather than a placeholder, and assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return. The appeals officer allowed the objection in full. $100,000 was reversed and the account returned to a nil balance.
Case Study 6
Scaled To 82 Staff With $124,000 Of Working Capital Freed — B2B SaaS Company, Port Coquitlam
Growth at a B2B SaaS company in Port Coquitlam, British Columbia had outrun the back office, and provincial sales tax collected but never remitted on the separate BC return broke first. Headcount reached 82 with $124,000 of cash freed.
A B2B SaaS company in Port Coquitlam, British Columbia was growing fast — headcount to 82 in eighteen months — and the back office had not kept up. Provincial sales tax collected but never remitted on the separate BC return was the first thing to break. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year, and built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 82 staff with no missed remittance and no late filing. $124,000 of working capital was freed in the process.