Case Study 1
$118,000 Of Working Capital Freed From The Tax Cycle — Psychology Practice, Temiskaming Shores
A psychology practice in Temiskaming Shores, Ontario was profitable and permanently short of cash, with out-of-province sales billed at the ON rate instead of the customer’s behind the gap. Restructuring the tax cycle freed $118,000.
A psychology practice in Temiskaming Shores, Ontario was profitable on paper and short of cash every month. Out-of-province sales billed at the ON rate instead of the customer’s explained most of the gap. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $118,000 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 2
Desk-Review Assessment Of $119,000 Vacated — Bookkeeping and Payroll Bureau, Temiskaming Shores
A desk review assessed a bookkeeping and payroll bureau in Temiskaming Shores, Ontario $119,000 over instalments still calculated on a year the business had long outgrown. Producing the records vacated it.
A bookkeeping and payroll bureau in Temiskaming Shores, Ontario was carrying $119,000 of penalties and interest arising from instalments still calculated on a year the business had long outgrown, much of it accumulated during a period the CRA itself had delayed. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $119,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 3
Intergenerational Transfer Completed With $475,000 Deferred — Architecture Studio, Temiskaming Shores
A family transfer at an architecture studio in Temiskaming Shores, Ontario would have been fully taxable because of a minute book with no resolutions behind a decade of dividends. Restructuring deferred $475,000.
A generational transfer at an architecture studio in Temiskaming Shores, Ontario had been discussed for years without a plan. A minute book with no resolutions behind a decade of dividends meant the transfer as contemplated would have been fully taxable. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return, sequencing the steps so each one was complete and documented before the next depended on it. $475,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 4
Second-Province Expansion Handled, $141,000 Of Cash Released — Metal Fabrication Business, Temiskaming Shores
A metal fabrication business in Temiskaming Shores, Ontario expanded into a second province carrying 13% HST charged on every sale regardless of where the customer was located. Every obligation was set up in advance and $141,000 of cash released.
Revenue at a metal fabrication business in Temiskaming Shores, Ontario was up sharply and cash was tighter than ever. Underneath it sat 13% HST charged on every sale regardless of where the customer was located. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. Every new obligation — registration, remittance frequency, provincial filing — was set up before it was triggered, not after. $141,000 of cash was released from the working capital cycle, and the expansion completed with every registration and filing obligation covered from day one.
Case Study 5
22 Months Reconciled And $12,500 Of Input Tax Recovered — IT Managed-Services Provider, Temiskaming Shores
22 months of records at an IT managed-services provider in Temiskaming Shores, Ontario had never been reconciled, leaving sector-specific exposure the previous accountant had not seen before. Rebuilding recovered $12,500.
An IT managed-services provider in Temiskaming Shores, Ontario was carrying sector-specific exposure the previous accountant had not seen before. Nothing reconciled, and every filing started with 22 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return, then set the routine that keeps it clean. 22 months reconciled to the bank. The close now takes 5 days, and $12,500 of previously unclaimable input tax was recovered in the process.
Case Study 6
Corporate Structure Rebuilt For $16,000 Of Annual Savings — Family Medicine Clinic, Temiskaming Shores
The structure at a family medicine clinic in Temiskaming Shores, Ontario no longer fitted the business, and out-of-province sales billed at the ON rate instead of the customer’s showed it. Rebuilding it saves $16,000 a year.
The structure at a family medicine clinic in Temiskaming Shores, Ontario had been set up years earlier for a business that no longer existed, and out-of-province sales billed at the ON rate instead of the customer’s had become expensive. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $16,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.