CRA reviews and audits can be daunting to say the least. Most accounting firms either do not feel comfortable in dealing with the various government agencies/departments or do not have the expertise.
Our accounting firm is ready and willing to assist you with any CRA review or audit. We will always serve you and have your needs at the forefront and assist you in protecting your rights and assets.
We will correspond with CRA on your behalf to ensure that you get the best outcome possible. We represent you in meetings regarding reviews, audits, compliance, and collections issues with CRA staff, who are usually professional accountants and prefer to deal with CPA firms.
We believe that we can provide you with fair, logical, and reasonable advice in dealing with reviews and audits and reduce your stress considerably.
We believe that a CPA firm is the best organization to deal directly with the CRA. It is a known fact that CRA’s staff consists mainly of accountants and they naturally prefer to deal with professional accountants. We strongly believe that our expertise will be extremely beneficial to you and your business.
People sometimes wonder how are tax audits initiated? Tax audits can be initiated in a number of ways including:
Someone has reported you to CRA
Through a CRA “special project”. Each year, CRA targets 2 or 3 types of businesses as they consider them at high risk of not complying with their taxes
Through analysis of your year-to-year income tax returns
Failure to file tax returns (individual, corporation, HST, payroll) may lead to an audit
E-filing your tax returns increases the chances of an audit
Our Toronto CPA office will ensure that we represent you fairly with CRA.