5 BULLET FRIDAYS - Tax Mechanic News, Tips & Strategies

Welcome to Tax Mechanic Insights! 📬

💼 Tax Trouble? Here’s How to Take Control
Before CRA Does

📍 Source: Government of Canada | CRA Debt Options

If you’ve received a notice from the Canada Revenue Agency (CRA), the clock has started. But here’s the good news: the CRA has official channels to help you manage and resolve your tax debt — if you act fast and strategically.

🔍 What You Can Do Right Now

🚨 What Not to Do: Ignore It

Failing to respond doesn’t erase your debt — it escalates it. CRA can:

• Garnish your income or bank accounts

• Withhold benefits, credits, and refunds

• Issue aggressive collections and legal actions

• Lock you out of critical tax relief programs

🔑 The Smart Move

Engage proactively. File or refile your tax returns from 2014–2024. Once your personal taxes are current, you unlock access to manage any related business accounts — and regain control.

👉 Need help cutting through the red tape?
At Tax Mechanic, we help Canadians navigate CRA disputes, file back taxes, and negotiate smarter payment terms — with discretion, urgency, and proven strategies.

🎧 When "That'll Never Work" Becomes a Billion-Dollar Bet

Episode 710 | My First Million 

What do Shopify, Uber, and AI have in common?
They were dismissed — until they redefined industries.

In this episode, Parr and Puri break down how to assess risk, spot asymmetric upside, and avoid the costly mistake of short-sighted thinking.

🔍 Strategic Takeaways

💬 Thought to Remember

Smart business is about seeing value before it’s obvious.
At Tax Mechanic, we help entrepreneurs structure around bold bets — with tax foresight and strategic clarity.

⚡ 48-Hour Funding Power: Unlock Up to $100,000 with
Zero Red Tape

In today’s economy, liquidity is leverage.
Whether you're navigating an unexpected cost or seizing a once-in-a-lifetime opportunity, rapid access to capital isn’t a luxury — it’s a necessity.

That’s why Next Level Mortgage offers streamlined private funding solutions, delivering up to $100,000 (or more, case-by-case) — with approvals and deposits finalized in just 48 hours.

💸 Why Clients Choose Fast Cash Solutions

💼 Flexible, Discreet & Fast — Just How Private Lending Should Be

No invasive credit checks.
No piles of paperwork.
No waiting weeks for a banker’s decision.

Whether you're navigating around a locked-in mortgage or sidestepping bank bureaucracy, our funding strategy puts your urgency first — with no CRA or credit bureau reporting unless you choose to disclose it.

✨ Your Next Steps — In Just 3 Moves

1. Consult: Quick call to assess your needs

2. Approve: Fast-track eligibility within hours

3. Fund: Receive your money within 2 business days

📲 Ready to move fast on what matters most?
📩Contact Genelle George today and let’s turn your cash flow crunch into a confident next move.

🧾 Bookkeeper Busted: Nearly $1M in GST/HST Fraud Uncovered in Surrey

📅 Published: May 16, 2025 | 📍 Source: Canada Revenue Agency

When trust breaks down in the books, the taxman steps in.

Aeddy Leung of Surrey, BC, has been sentenced after pleading guilty to a large-scale tax fraud operation that saw nearly $1 million in GST/HST evaded over a five-year span. As the financial steward of two airport hotels, Leung manipulated filings and skipped required GST/HST submissions — resulting in a net tax loss of $987,863.

This wasn’t sloppy bookkeeping. It was strategic deception — and it landed Leung a conditional sentence just short of two years behind bars, plus probation.

🧠 What You Need to Know

🔍 Why This Matters

This isn’t just about one case — it’s a reminder of the CRA’s sharpened focus on fraudulent GST/HST reporting. As part of its mission to maintain fairness and fund social services, the CRA has intensified enforcement in sectors vulnerable to hidden revenues and misstatements.

🔐 Bottom Line:
If you think CRA enforcement is rare — think again. With FINTRAC and other partners feeding data into CRA investigations, every dollar unreported is a potential red flag.

📞 Need a forensic review of your GST/HST filings?
Tax Mechanic offers discreet, expert analysis to ensure you're clean, compliant, and protected from exposure.

🚫 3 Habits That Quietly Kill Small Businesses

By Fraser Simpson, CEO of Tax Mechanic | May 2025

Even the most driven founders make moves that stall growth. Here are 3 silent killers — and how to beat them:

❗ 1. Hiring for IQ, Ignoring EQ

Talent is teachable. Emotional intelligence isn’t. Build a team that communicates, adapts, and leads.

❗ 2. Doing Everything Yourself

Delegating isn’t weakness — it’s strategy. Focus on what only you can do.

❗ 3. Chasing Sales, Ignoring Brand

Revenue is temporary. Brand is exponential. Build trust, not just transactions.

@taxmechanic

Are you accidentally killing your small business? 😬 Hiring for IQ instead of EQ? Intelligence is cheap—emotional intelligence is what buil... See more

🔧 Business Shift Snapshot

💡 Tax Tip:
Make sure your tax plan is integrated with your business plan. It’s not just about filing — it’s about scaling smart.

📞 Let’s build your business the right way, from brand to balance sheet.

📞 Ready to future-proof your business?
🌟💼 (Email - [email protected])