We help you get ready for a tax audit, and when it comes, we take care of the process and we defend your interests.
We assist you in preparing the evidence requested by the CRA to clear the audit and to save you from having to pay taxes, we reduce your penalties if there are any and we prevent you from being penalized further due to not filing the right paperwork.
We will handle your accounting and company financials while you focus on your business and daily operations.
We have a range of customized accounting packages that meet all your needs; we offer several options:
We assist you in all your advisory needs, including:
Anything that you need to make your business operate more smoothly.
When it comes to taxes, there is no such thing as a “safe” haven. The Canada Revenue Agency (CRA) has several tools to ensure that taxpayers are paying their fair share, and one of those tools is the tax audit.
Our tax audit comprehensively reviews a taxpayer’s financial records to ensure that all income, deductions, and credits have been adequately reported. Audits may be initiated at any time by the
CRA, but under specific circumstances, such as:
If you are selected for an audit, the CRA will notify you in writing and request the specific documents and information they require. It is essential to understand that you are not required to provide any more information or papers.
While the CRA has the right to audit any taxpayer, certain taxpayers are more likely to be audited than others. These include self-employed taxpayers, taxpayers with international dealings, and taxpayers with complex financial situations.
You must stay relaxed and cooperative if you are chosen for an audit. Respond to the CRA’s requests promptly, and be sure to keep detailed records of all correspondence. If you cannot resolve the audit on your own, you may seek the assistance of a professional tax accountant or lawyer.
You may prevent an audit by ensuring that your tax return is correct and comprehensive. If you are unsure about anything, seek professional advice before filing your return. Remember, it is better to be safe than sorry for your taxes!
When it comes to tax audits, it’s essential to have a reliable and experienced team on your side. Tax Eagles is a leading tax and accounting company in Ontario, and we’re here to help you every step of the way. We’ll work with you to ensure that your tax audit is as smooth and stress-free as possible. Contact us today to learn more about our services and how we can help you.