Case Studies

"Scientific Research and Experimental Development (SR&ED) Tax Incentive Program"

Industry: Manufacturing and Installation

Background:

A manufacturing client joined our firm while they were in the process of selling their business.

Our Strategy:

During the initial consultation we determined that the company had not applied for the SR&ED Investment Tax Credit in previous years and would likely qualify. We brought in a SR&ED consulting firm to assist in the engineering and scientific aspect of the claim and we prepared amended tax returns for prior years.

Result:

The SR&ED claim was successful and resulted in approximately $2 million cash injected into the company. The resulting purchase price of the business was increased on a dollar-for-dollar basis.

"Sale Of Business"

Industry: Retail

Background:

Our client started to plan a retail business concept in Fall 2001. The retail store officially opened in February 2002. After 18 months, the client decided it may be lucrative to sell the business.

Our Strategy:

The first step was to assist the client in a complete assessment of all of their business issues by preparing startup projections. We assisted in automation, finance management, and provided guidance on shareholders' agreements.

By developing operating budgets, performance evaluations techniques and models, we assisted our client to develop an appropriate strategy for a successful sale.

Our in-depth involvement resulted in the sale of the business for approximately 17 times the original investment.

"Arranging Finances"

Industry: Transportation

Background:

Our client started the business in 1989 and has been very successful since its inception. However, the client was unhappy with its financing and business relationship with its bank.

Result:

We provided alternative banking arrangements on a term key basis with minimal interference to the client's business.

"Shareholder Dispute Resolution"

Industry: Real Estate & Property Investments

Background:

Mr. X & Mr. Y have been friends and partners in business and real estate investments. Mr. Y retired years ago leaving Mr. X to continue to run the business affairs.

Mr. Y continued to own shares in real estate investments with Mr. X. Mr. Y passed away suddenly, leaving Mrs. Y to deal with estate matters. She did not want to continue owning his investments with Mr. X.

Our Strategy:

We successfully divided assets held jointly by Mr. X & Mrs. Y, insuring that personal objectives on both sides where achieved.

"Unusual Scenario"

Industry: Estate Recovery

Background:

Our client needed investment analysis information as it related to the recovery of funds from various levels of government to maximize its revenue base.

Our Strategy:

We provided investment tools and analysis to the client's business to assist them to enforce legislative changes.

"Managing Business Growth"

Industry: Short-term Rentals

Background:

The client was in the business of franchising locations. The client had difficulties in monitoring its profitability.

Our Strategy:

We provided analytical tools to evaluate prospective franchises and implement policies and procedures. Our role also changed major accounting practices and procedures, which resulted in better reporting of financial positions of the primary business and franchises.