We solve serious CRA tax problems

CASE RESULTS

Case I: Corporation Tax Return Reassessment

Businessman Credited by CRA After Successful Corporation Tax Return Reassessment


Case issue:

A client approached us who was dealing with multiple CRA-related problems with his various companies. 

Approach:

We reviewed one of his company’s books and tax filing and discovered that the previous accountant had made significant mistakes. We decided to reconstruct his books and records and appeal the CRA audit decision. 

Result:

As a result of our work, the CRA appeal officer accepted our submission as is and credited his corporate income tax account with $121,000.  

Case II: Net Worth Audit

 

Client Granted Major Reduction on Unreported Income After Net Worth Audit 


Case issue:

A client approached our firm after CRA audit findings showed a significant amount of unreported income based on Net Worth Audit. The result of the auditor’s assessment meant that there was a considerable amount owed to the CRA.

Approach:

Sam has a sophisticated approach and process for fighting unique cases with complex audits. He found several mistakes made by the auditor. When Sam challenged the auditor’s decision because of the mistakes, the errors were rectified.

Result:

As a result, our firm was able to reduce the unreported income by approximately 4 million dollars. Our firm believes that the amount should be reduced even more after further action is taken.

The auditor’s results

Results after Faris CPA’s submission

Case III: Offshore Assets Tax Filings via Voluntary Disclosures Program

Client’s Unreported Assets Tax Filings via Voluntary Disclosures Program Reduces Penalties and Avoids Prosecution


Case issue:

A client approached us with unreported offshore assets and cash valued at approximately 10 million dollars. The client was terrified, as besides the significant interest and penalties which would apply, it was highly likely that the client would be prosecuted and sentenced to jail.

Approach:

Faris CPA had worked on the case tirelessly and was able to submit all amended returns under the tax amnesty, Voluntary Disclosure Program, offered by the CRA.

Result:

The packages were approved by CRA as is without any single question. As a result, the client saved a significant amount on interest and penalties. Most importantly, the CRA did not proceed with prosecution.

Case IV: HST Refund

Disallowed HST Refund Granted After Notice of Objection


Case issue:

A new client was referred to our firm by another client of ours. He had a problematic CRA audit that disallowed an HST refund valued at almost one million dollars. The CRA audit revealed that his previous accountant had made significant errors, resulting in the disallowing of the HST refund valued at approximately 1 million dollars.

Approach:

We performed an intensive review of the proposal letter from the CRA along with the income tax act. We were convinced that the case would be won if the records were corrected and a new argument was submitted as a replacement to the proposal letter from the CRA. The CRA auditor denied the response, so our firm filed a Notice of Objection to the CRA.

Result:

The Notice of Objection was successful. Our client was able to recover not only the original refund, but also additional amounts that the previous accountant had missed were awarded to our client as well.

pro-tip

Pro Tip

ACCESSING THE SMALL BUSINESS DEDUCTION IN YOUR BUSINESS

The Small Business Deduction gives businesses a tax deduction on the first $500,000 of income. This saves an eligible corporation around up to $50,000 in income taxes. There are a number of conditions that have to be met to be eligible for this deduction.

Dealing with CRA is stressful. Sam took care of me from day one and accommodated my unique needs without hesitation. 5 stars for being professional and a good human.
Response from the owner:Thank you Don for the five stars Google review. We are glad that we met your expectations and your case is closed now. Happy to answer any questions in the future and we will address all queries CRA may have regarding our work. Sam Faris
Sam was very responsive and prompt. Exceptional customer service as well!
Response from the owner:Dan Thank you for your positive 5 stars review and the kind words. We strive to provide best customer service as we are aware that all cases that we take on are time sensitive and require a higher quality of work in order to be successful with the CRA. Your cooperation and prompt reply to our questions was important in getting everything in order and submitting the package on timely basis. We will remain at your disposal anytime you need our services in the future. Sam Faris
Best service. Very impressive and happy with all work Sam has done for me.
Response from the owner:My pleasure Angel and thanks for the 5 stars Google review and your kind words. We are glad that you are happy with our services and the results we got you. Please feel free to contact us in the future for any questions that you may have regarding your file. Best Sam Faris
Great experience with Sam!
Response from the owner:Hello Dasha Thank you for the five stars review and your kind words. It was a pleasure working with you and I am glad that we met your expectations. Please feel free to reach out to us if you need to in the future. Many thanks Sam Faris
I was so impressed with Sam's professionalism and how quickly he reacted to my inquiries. His knowledge was evident, and he handled everything expertly. I highly recommend his services.
Response from the owner:Mohamed Thank you for the 5 stars Google review and your kind words. Our goal is always to make the process efficient and the workflow as smooth as possible. We are glad that we met your expectations and we will remain at your disposal at anyone in the future. Sam Faris
Thank you for all your help! Quick and stress free! Definitely recommended!
Response from the owner:Thank you DD for the 5 star positive review. We were happy to work on your file and get you positive results. We will remain at your disposal in the future if needed. Thanks Sam Faris
Sam and his team helped me to file my multiple outstanding personal and corporate tax returns. He was able to save me from legal action by the CRA, saved me taxes and CRA waived the penalties for me. I highly recommend his services for any tax help and CRA audit needs.
Response from the owner:Ms. Rivera Your 5 stars Google review is very much appreciated. I am glad that we met your expectations and you are happy with our work quality and the outcome achieved. We are specialized in filling multiple years of outstanding personal and corporate tax returns. We have helped many clients for more than 15 years to file all their outstanding tax returns in the most efficient way. We were able to get them out of troubles with the CRA, save them taxes, waiving penalties and get them interest relief. We take a pride of what we do and our team is fully dedicated and experienced to deal with any type of dispute with the CRA. We are at your disposal anytime you need us in the future. Sam Faris
Faris CPA took care of my tax audit case by the CRA. The team performed the work on timely basis and in the most efficient way possible. End results are beyond expectations. Hire Faris CPA and they will do the required work with reasonable fee.
Response from the owner:Many thanks Andrea for your positive review and I am glad that you are happy with our services. Our firm is specialized in all kind of tax disputes with the CRA including tax audits. All our staff are CPAs who have many years of experience in fighting the CRA. Thanks again and please feel free to reach out to us in the future if needed. Sam Faris
I found Sam online and I decided to have a consultation with him to discuss my CRA audit. I got a very good feeling about him, his integrity and his tax knowledge and skills and I had no doubts that he would be the best fit to provide audit help and support. I decided to hire him to handle my case. His approach to my case was consistent to the advice that he gave me at the conclusion. Sam was able to prepare working papers and supporting documents to show the auditor why his numbers are overstated. Sam had to involve the team leader and insisted to meet with him as the auditor refused to adjust his numbers. Sam confidently presented his work to the team leader and the team leader accepted his numbers without any adjustments. Sam deserves 10 stars for all what he has done in my CRA audit case and all his support and help.
Response from the owner:Thank you for the 5 stars review and your kind words. I am glad that we met your expectations. Please feel free to reach out to us if you require further help in the future.