Special Tax Services
Tax Refund Assessment
Have you paid too much tax and are you eligible for a tax refund? Let us review your specific tax situation including:
- Corporate tax
- Personal tax
- GST - Goods and Services Tax
- WCB - Workers Compensation Board Premiums
- Fuel tax
- Payroll deductions
This review will determine if you might be eligible for a refund of any amounts overpaid.
We offer this service on a "percentage of recovery" basis, so that there is no fee unless you receive a credit from the tax authorities. Charges are 50% of the first $3,000 recovered and 15% thereafter*.
Tax Tune Up
Are there things you could do differently in order to save taxes in the future? This service is a basic review of the tax consequences of how you run your business. After the basic review, we offer recommendations as to how to make simple modifications in order to save money on tax and payroll deductions.
The charge for this service is $495* ( or the amount that you should save in the first year if our recommendations are implemented - whichever is less).
Scientific Research and Experimental Development (SRED) Tax Credit Recovery
Are you creating a new process or product?
If so, you might qualify for federal SRED tax credits. One of our main service offerings is assistance with the recovery of SRED tax credits. We offer this service on either a "percentage of recovery" basis, or a fee for time basis. The fee for time is $180 per hour, and alternatively, the percentage of recovery based fee is 30% of the first $10,000 and 15% thereafter*.
Employees Profit Sharing Plan - EPSP
Is there a more tax efficient and perhaps more motivational way to pay managers including yourself?
An Employee Profit Sharing Plan may be a beneficial tax saving and human resource tool for your business. Payments made to employees by means of an EPSP do not attract CPP or EI deductions, but they do qualify as earned income for building RRSP contribution room. The total cost of setting up an EPSP is approximately $3,000* depending on your circumstances.
Private Health Services Plan - PHSP
Are you looking to provide tax-free benefits to your employees including yourself without perpetually paying a third party fee?
A PHSP allows you to pay the medical expenses of your employees including yourself on a tax-free basis. We can assist you in creating your own PHSP for $360*. With your own PHSP you will effectively be self-insuring the medical expenses of your employees. There are no premiums, no % of usage administration fees and no insurance company profit margin.
* All fees listed are the typical fees charged. Although we make every effort to adhere to these fees, we reserve the right to adjust fees in accordance with the actual circumstances. We may also ask for a retainer before work commences.
Contact Us Today For a Free Initial Consultation
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