If your business has been selected for a corporate tax audit, it is important to work with an expert firm like Gary R. Landa CA Professional Corporation to ensure the best possible results.
If you have been selected either for a full tax or HST audit, the Landa team can help walk you through the process and even negotiate with CRA on your behalf should there be any fines or penalties as a result.
There are many triggers for a corporate tax audit including CRA noting inconsistencies in your tax returns from year to year, comparisons with other companies within the same industry or the result of random selection. In any case, it can be an uncomfortable and daunting prospect for a business owner dealing with an audit situation without the help of a trained professional.
When you file your GST/HST refund, a pre-assessment review is conducted to identify any errors or red flags for non-compliance. Depending on the findings of the pre-assessment, CRA may further choose to conduct a post-audit assessment.These audits are conducted solely for the purpose of HST filing errors and omissions.
Having professional and accurate books is especially important as it will save your business time and money in the event of an audit. The more organized, complete and accurate your corporate bookkeeping records are, the easier it will be to meet CRA’s requirements and the less troublesome the audit process will be.
Allowing us to identify and retrieve all the forms and documentation requested by CRA rather than struggling through it on your own
We will deal directly with the CRA auditor rather than one of your staff
This leaves you free to run your day to day operations while the audit is taking place
We understand the rights that you have under the Taxpayers Bill of Rights and will fight to defend them
If penalties or fines are incurred, we will negotiate with CRA on your behalf to make them more manageable for your business.
Recognizing minor issues and correcting them before they become larger problems
We treat each business and organization like the unique entity that it is. There are some similarities however in our approach with each client that allow us to give the best service and results possible.
Our first step is to meet with you for an initial free consultation. During this time, we will do a fact finding exercise with you in order to discover what your specific needs are and how we think that we can add the most value. We’ll also thoroughly explain what we can and cannot do, our rates as well as answer any questions about our services that you may have.
Once you decide to engage our firm, we will collect the necessary information to best accomplish the goals set out. We will consult with you as often as needed to ensure the best results for your company. Our goal is to help you pay the least amount of tax necessary while still being in full compliance with provincial and federal tax law.
If you need assistance with the tax auditing process, or if you would simply like to be proactive and ensure that your books are in good order, give us a call today. Our initial consultation is free and there is no obligation.