Supporting CPA and Accounting Firm Owners

Supporting CPA and Accounting Firm owners by providing their clients with access to sophisticated Tax Planning Solutions.

Our solutions

How ELPC Tax can Elevate your Practice

Envision this – you’re a CPA or Accounting Firm owner, and a client has reached out because they’ve been hearing about all of the recent tax changes and are finally ready to take tax planning seriously. What do you do? You’re in the middle of your busy season, with files to review, staff to coach, and deadlines to meet – and no one on your team has the experience or capacity for this type of project.

What usually ends up happening? The discussion gets flagged for later – usually in the summer or the fall. However, between taking time off to recharge, catching up on internal initiatives, onboarding new team members, professional development (the list goes on…), your client’s tax planning needs get pushed out further and further. Sometimes neglected forever.

This is the part where we say “Have you ever considered a strategic partnership with a tax advisory firm?”

By partnering with ELPC Tax – a boutique tax advisory firm – we provide Tax Planning Solutions to your clients without interfering with your exiting relationships. Since we don’t perform any accounting or tax compliance, your clients will have access to sophisticated tax professionals throughout (…drum roll please…) the entire year! Tax professionals who are responsive, up to date with current income tax law, and have likely seen your client’s situation many times before. This way, you can focus on what you do best, while allowing your firm to stick out from the others!

Our mission is to make tax planning accessible to more Canadian entrepreneurs.

Our vision is to build intimate relationships with Accountants/CPA firm owners and other professionals that are long-lasting and mutually beneficial.

3 Steps to kick off tax planning for your clients:

Step 1

Internal pow wow

We’ll start with a quick internal discussion with the Accounting/CPA Partner to gain an understanding of the client, their objectives, and assess any planning opportunities on a preliminary basis.

Step 2

Discovery Call with client

If opportunities exist, we’ll set up a 30-minute complimentary Discovery Call with the client and the Accounting/CPA Partner, to better understand their needs and objectives, discuss possible solutions, and suggest next steps.

Step 3

Get started

If the client is on board, ELPC Tax will take complete charge of the entire engagement, from start to finish. The Accounting/CPA Partner will remain in the loop, and most importantly, will enjoy peace of mind that their clients are in good hands!

Our Case Study

The Opportunity

One of our Partners approached us to discuss his clients, Barb and Jon, who were eager for tax planning. Barb and Jon are close relatives who have operated a very successful construction business for many years. The business just recently had a record-breaking couple of years for profitability, and so the company was sitting on plenty of cash and investments. Barb and Jon are not quite ready to retire but are getting close. Succession of the business has been on their mind especially as some of their children are starting to play key roles in the business. Barb and Jon each have grandchildren, along with a desire to provide financial assistance to the next generations. Barb and Jon understand that capital gains tax rates have increased and, like many other Canadian business owners, were worried that if they didn’t take any action, they would pay more tax than they needed. Including taxes on ongoing distributions (both personal and to their Holdco), taxes on the sale of their business, taxes to be eventually realized by the estate, etc.

Barb and Jon were spot on! All the above required proactive planning.

The Solution implemented by ELPC Tax

ELPC Tax was engaged by Barb and Jon to perform a formal assessment of their situation and put together a tailored Solution that met their objectives. ELPC Tax walked Barb, Jon, and the Accountant through the proposed planning to explain the benefits, which entailed the following:

  1. Protecting the corporate retained earnings and mitigating overall financial risk.
  2. Allowing Barb and Jon to maintain capital in their own separate Investment/ Holding companies, so they may invest their passive capital independently and continue to enjoy ongoing tax deferral.
  3. Substantially reduce tax on the eventual sale or transition of their business.
  4. Reducing taxes on the ongoing financial assistance directed to other family members.
  5. Allowing for smooth transition of the family wealth and ease the eventual administration of their estates.
  6. Reducing estate taxes, allowing more wealth to be retained for their families.

The quantifiable tax benefit of the Tax Planning Solution was calculated to be over $10M (during both lifetime and at passing)!

ELPC Tax went on to implement the Solution, leaving Barb and Jon very happy, taking comfort that a substantial amount of their hard-earned wealth would be preserved for their families.

This is just one of many success cases since ELPC Tax was founded!

About ELPC Tax

Our story begins with the struggles that many owner-managed businesses face when it comes to accessing tax planning advice.

During Manny’s 12+ combined years at a Big Four and National Firm, he noticed a common theme with new clients – many of them joined a larger firm because they “outgrew” their previous Accountant. Specifically, many new clients shared that they were not receiving any tax planning advise they thought they needed.

Although these new clients were not “ultra high net worth”, they had business and family wealth that were still quite sizable and certainly warranted tax planning attention.

Manny saw a huge opportunity.

What if these business owners, who are otherwise happy with their current Accountant/ CPA, and value the intimidate and approachable services they receive with them, could still gain access to sophisticated tax planning?

And so, ELPC Tax was founded.

ELPC Tax’s model is to collaborate with Accountants, CPAs, and other professionals to provide their clients with access to the tax planning they desire and need.

As a small boutique firm, we’re able to service clients in a responsive and approachable manner, very similar to our small-firm and solo practitioner Partners.

We take pride in being client-focused, value-driven, and being able to present Tax Planning Solutions that are easily digestible. Because we focus solely on tax planning, our turnaround time is much faster than larger, traditional firms.

Trusted by Accounting Firm Owners and Canadian Entrepreneurs

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As our family business began expanding into a larger market, we required an immediate and sophisticated tax plan to compliment our current and future goals. It has been a pleasure to work with highly qualified, knowledgeable individuals such Manny and his team. Manny is very welcoming. He went above and beyond to ensure we understood complex tax planning options to best accompany our growing business which was very comforting.

Jenna and Colby Niven

Co’s Vinyl Decking

Working with Manny (and the ELPC team) was a wonderful experience. My questions and concerns were addressed clearly and Manny was able to articulate the investment required to do a few different tax planning scenarios along with the ROI of doing so, which made it easy to move ahead. Manny is extremely knowledgeable and able to explain complex tax topics in layman terms. I greatly appreciate the work you’ve done for us.

Michelle Kelly

Electrix Group

As a small family operated business, we finally reached the next level where we required ELPC to restructure our business. Working with ELPC and the team was a seamless process. They informed us of the options that were available to us, and we were able to customize a final plan that most suited our individual needs. ELPC and the team were a pleasure to work with; professional, efficient, and knowledgeable. They took a very complex and overwhelming process of corporate restructuring and estate planning and simplified it to ensure that we understood every step of the process.

Mary Fazari

Richview Construction

We recently engaged ELPC Tax to assist us with planning for the tax-free sale of a business. Manny LoVoi and his team put together a creative plan for us which led to great results for us. Manny was incredibly dedicated and responsive throughout the entire process, and we truly appreciated his strong efforts. Manny went above and beyond by following through and assisting us with the actual sale to ensure the results we achieved were in line with our objectives. Overall, we were extremely pleased with the quality of work and the overall client experience we received. We would not hesitate to recommend ELPC Tax to our friends and colleagues for their tax planning and advisory needs and look forward to working with Manny again in the future.

Vicki MacNaught

Assante Wealth Management

Manny at ELPC delivered fantastic service in every way. We met when he took over for our tax planning and transitioned smoothly. Over the past 4 years, he has delivered exceptional service for all our tax planning needs. Manny was able to navigate the complexities of our situation that involved inheritance, corporations and personal income taxes. His clever knowledge and excellent tax planning allowed us to maximize our returns while minimizing our stress. He made it his personal mission to always find us tax savings and went above and beyond what we expected. During all our communications, he was able to distill his expertise into terms and concepts we could understand as laypeople with great patience and understanding. Through all our interactions, he was detailed, thorough and always clearly communicated answers to our endless questions with promptness, clarity and consideration. Manny is reliable, trustworthy and our tax advisor for life!

Vega Lee and Simon Yu

Manny has been an invaluable asset to my firm and truly is a trusted partner. When meeting with potential clients, I can confidently tell prospects that I have a tax partner who is experienced and can provide tremendous value, which has set me apart from other practitioners.

On one occasion, Manny was willing to join me to meet with a significant prospective client, which led to my firm winning the work. This proved to me early on that Manny was genuinely interested in my firm’s success.

What truly sets Manny and ELPC apart is their dedication to understanding the needs of my Accounting/tax compliance firm, allowing me to focus on growing my practice with confidence, knowing that my clients’ tax planning needs are being serviced. In the first 2 years of partnering with ELPC, they have already provided strategic guidance to many of my clients. They are also extremely responsive, follow through on all their commitments, and treat my clients how they’re used to being treated – with care and a personal touch.

I consider ELPC Tax a vital part of my team.

Alfredo, Firm Owner

Working with Manny and the ELPC team really helped to make us feel better organized in and about our business. They structured a plan to put us in a better tax position now, and for the future. Manny was great at listening to our goals and devised a plan that would achieve those goals. He presented options clearly and walked us through key points to consider when making our final decision. Manny was available for consultation or questions all the way through our initial planning process and continues to support as needed. I would highly recommend Manny and his team because of their expertise, great communication and hands on personal attention.

Carl Hastings

Moonstruck Lighting Ltd.

Partnering with ELPC has been extremely valuable for our practice. It has provided our firm the opportunity to engage in complex tax planning and implement advanced tax structures for our clients, all while leveraging ELPC’s expertise. ELPC consistently delivers a high level of service, both to us as a firm and to our clients. They are responsive, professional, and always willing to go the extra mile to ensure smooth collaboration.

I would strongly recommend ELPC to any Accountant looking for a reliable tax firm to partner with. They make themselves easily accessible, which has made the partnership not only productive but also enjoyable.

Carmin, Firm Owner

Enhanced Client Satisfaction.

The additional resources and specialized knowledge ELPCTAX have improved our ability to serve clients with unique tax situations. Whether it’s high-net-worth individuals or businesses with intricate tax structures, the support we receive allows us to confidently address their needs and provide customized solutions. Their professionalism and timely responses give us peace of mind.

Deven, Firm Owner

Partnering with Manny and ELPC has been invaluable to my wealth management practice. Manny’s expertise in complex tax planning strategies has allowed me to turn ideas into tangible tax saving strategies for my clients.

Manny and his team at ELPC are incredibly responsive and approachable, which has fostered a true sense of collaboration for the betterment of my clients. I have continued to be impressed with their meticulous approach, which is even more important for complex tax strategies which typically have many moving parts.

I highly recommend Manny and his team at ELPC to any professional seeking to deliver exceptional value to their clients. Their expertise, responsiveness, and client-centric approach make them an ideal partner.

Jamie Sekine, Wealth Advisor

IPC Investment Corporation

I’ve had the pleasure of working with ELPC on several tax planning projects, and I can confidently say they are exceptional partners. Their team is knowledgeable, detail-oriented, and always professional. They have been invaluable in achieving the best outcomes for our clients. What stands out most is their commitment to staying current with ever-changing tax laws and their ability to communicate complex concepts in a way that is easy to understand. They work collaboratively and are always open to exploring new approaches, ensuring that every aspect of tax planning is thoroughly considered.

I highly recommend ELPC – they are not only great partners but also true experts in their field

Laura, Firm Owner

ELPC has been a great resource for the firm, enabling us to provide excellent service our clients without needing to have highly-specialized tax expertise in-house. The firm is responsive and professional, and we feel confident introducing ELPC as our trusted partner to our clients, knowing that they are in good hands.

Mark, Firm Owner

We had an outstanding experience working with Manny. From the beginning, he demonstrated exceptional knowledge and expertise in tax planning. He took the time to understand our unique financial situation, offering us tailored advice that perfectly aligned with our goals. The tax strategies they implemented have significantly benefited us.

What truly sets Manny and his team apart is their responsiveness and ongoing support. Even after the initial planning was in place, they have remained readily available to answer our questions, provide updates, and ensure that everything is running smoothly. It’s rare to find a professional who not only delivers great results but is also committed to maintaining a strong relationship with their clients over the long term.

We couldn’t be happier with the services we’ve received and highly recommend ELPC Tax to anyone seeking expert tax planning. Their insight and dedication have been invaluable to our financial well-being!

Marsha Churchill

Valley View Excavation

I have referred my clients to Manny to provide tax advice and planning for corporate reorganizations, sale of business, personal, corporate and estate planning. Manny has been responsive to my client’s needs and is a true professional. I highly recommend him and his firm to provide expert tax advice and solutions.

Marta, Firm Owner

Our clients have benefited immensely from working with ELPC. They’ve received timely, accurate support, and the strategic insights provided by ELPC have helped them achieve better outcomes in their cases. The level of expertise they bring to the table has led to more favorable resolutions and a smoother experience for all involved.

The service provided by ELPC is truly exceptional. They are responsive, attentive, and go above and beyond to meet our needs as well as those of our clients. Every interaction is handled with care and professionalism, ensuring that both we and our clients feel valued and supported. ELPC has become an integral part of our success, and we couldn’t be more pleased with the partnership.

Michelle, Firm Owner

We have had the pleasure of working with ELPC Tax on numerous tax planning, corporate restructuring, and complex transaction engagements. Their team is not only professional and knowledgeable, but they are also easy to collaborate with. Their deep expertise and insights have consistently added tremendous value, both to our firm and to our clients. Their ability to simplify complex scenarios and deliver high-quality solutions has been instrumental in helping us achieve our strategic goals.

We highly recommend ELPC Tax as a trusted partner for any firm seeking top-notch consulting services.

Mohammad, Firm Owner

I highly recommend Manny. His expertise in tax and corporate planning made the process easy and stress-free. Clear explanations and support were invaluable. If you’re looking for a knowledgeable and trustworthy tax professional, ELPC is the top choice.

Ray Bryant

Bryant Electric Inc.

ELPC was able to help my client with a complex family business situation. The process was handled with great professionalism and care. They were able to handle sensitive topics with the client with expertise and delicacy, walk them through the options, the pros and cons and help make an informed decision.

The implementation stage was very well managed, with timely check-in points, full transparency along the way, and timeline that was better that I could have expected given the complexity involved.

As a generalist practitioner it is very comforting knowing that there is someone like ELPC to help with complex tax planning when it arises. I have no doubt we will work together to bring optimate outcomes to clients again in the future.

Yuriy, Firm Owner

Partnering with ELPC has significantly enhanced my firm’s capabilities and client offerings. The level of service provided is exceptional; the team is always responsive, approachable, and genuinely invested in our client’s success. The team at ELPC on countless occasions provided our clients’ solutions and recommendations to complex tax matters and provided corporate restructuring advice all while fostering a collaborative environment that makes it easy to work together.

Marco, Firm Owner

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