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Case Studies
How Our Team Simplified Year-End Accounting for a Client in the Logistics Industry
A self-employed client in the logistics industry, operating a shipping business, approached our firm in distress after being denied a mortgage due to inaccurate financial records. The client’s previous accountant had incorrectly reported the owner’s income on a T4 slip, rather than using Schedule T2125 (Statement of Business or Professional Activities) as required for self-employed individuals...
How We Helped a Landscaping Company in Mississauga Stay CRA-Compliant with Timely Payroll Remittances
A growing landscaping business in Mississauga was struggling to keep up with payroll deductions and remittance deadlines. They had missed a few CRA payments, which led to penalties and stress...
How We Helped a Toronto Engineering Firm Resolve Six Years of Overdue Taxes
In late 2023 a Toronto-based engineering consulting firm, approached our firm in a state of distress regarding outstanding taxes. The company had not filed corporate tax returns since 2018, accumulating six years of overdue filings...
Helping a Tech Startup in Vancouver Streamline Bi-Weekly and Monthly Payroll Runs
This startup had a mix of contractors and employees with multiple pay schedules. We automated their payroll calendar and removed errors...
How We Helped a Consulting Firm in Toronto Avoid CRA Penalties with Timely T4A, T5, and NR4 Filing Services
A Toronto-based consulting firm reached out to us in January after realizing they had fallen behind on issuing required tax slips for the previous year. With a mix of subcontractors, private investors, and a few non-resident consultants, they were unsure how to properly file T4A, T5, and NR4 slips. ..
How We Helped a New Business in Montreal Register Their CRA Payroll Account Hassle-Free
A new Montreal firm didn’t know where to start with payroll registration. We completed CRA setup and configured Quebec-compliant payroll rules...
How We Helped a National Retailer in Ontario & Alberta Stay CRA-Compliant with Multi-Province GST/HST Filings
A mid-sized retail chain operating in both Ontario and Alberta approached us after struggling to keep up with complex, multi-province GST/HST reporting. Their previous accountant filed late twice, leading to penalties and interest charges...
Supporting an Ontario Construction Business with Vacation Pay and Statutory Holiday Tracking
An Ontario construction company couldn’t track vacation and stat pay accurately. Megha, our Payroll Manager set up QuickBooks rules and improved transparency...
How We Helped a Toronto Electrical Company File Late GST/HST Returns and Obtain CRA Penalty Relief After the Owner’s Passing
A family-owned electrical contracting business in Toronto contacted us after the sudden passing of its owner left the company without financial leadership for over a year. As a result, GST/HST returns had not been filed for multiple reporting periods, and CRA penalties and interest had grown to more than $CAD 18,000...
Payment Evolution Payroll Setup and Management for a Marketing Agency in Ottawa
An Ottawa marketing agency needed to move from manual payroll. We transitioned them to Payment Evolution with automation and direct deposit...
How Our Team Successfully Challenged a $380,000 CRA GST/HST Reassessment
Our valued client, faced a significant challenge when they did not receive a GST/HST audit notice from the Canada Revenue Agency (CRA). Consequently, the CRA reassessed their return at the highest HST rate and disallowed all Input Tax Credits (ITCs), resulting in an unexpected tax liability of $CAD 380,000...
How We Helped a Logistics Firm in Brampton Simplify Payroll Processing Services
A Brampton trucking firm had weekly payroll headaches. We took over processing, implemented time tracking, and improved ROE turnaround...
How We Helped a Start-Up Tech Company in Toronto Set Up GST/HST and Register with the CRA for Smooth Business Launch
A new software development start-up in Toronto approached us shortly before their first major client contract was due to be signed. They had no GST/HST account with the CRA, no invoicing system for tax collection, and no understanding of filing requirements...
Helping a Toronto Non-Profit Manage Payroll and Government Remittances Smoothly
A Toronto non-profit had CRA filing issues. Our Payroll Manager, Megha helped them in implementing payroll tracking by funding source and issued accurate T4s on time...
How We Helped a Creative Studio Handle T4A Reporting for Contractors in Alberta
An Edmonton studio needed to issue T4As. We helped them gather contractor info, tracked payments, and submitted slips electronically...
How We Helped a Remote Consulting Firm with WSIB and Workers Compensation Reporting in Ontario
A remote consulting firm didn’t know their WSIB obligations. We registered them and implemented a wage tracking system...
How We Helped a Toronto Retailer Organize Payroll Accounting and Reconcile Books Monthly
A Toronto retailer had poor payroll reconciliation. We integrated QuickBooks and standardized journal entries, enabling accurate monthly reporting...
How We Helped a Manufacturing Company in Toronto Recover Overpaid Taxes with Our T2 Adjustment and Refiling Services
A Toronto-based manufacturing company approached us after identifying major discrepancies in their corporate tax return. Alongside several missed deductions, their year-end inventory was significantly overstated due to errors in calculating cost of goods sold (COGS) and failing to write down obsolete and damaged inventory...
Problem:
An $8 billion consumer products company was facing intense price pressure passed down through the supply chain due to increased competition from low cost manufacturers in other countries.
Solution
Problem:
FITC had no way of tracking profitability and expenses event by event, they also did not have a way to compare each event to each or to the same event from the prior year.
Solution
Problem:
TAAFI was using a combination of excel sheets and QB for their bookkeeping which resulted in information being all over the place and not consolidated.
Solution
Problem:
MMR Consulting issue arises from an initial financial setup tailored to the original owner's preferences, which may no longer fit the company's evolving needs.
Solution
