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Learning that your business is going to be audited by the Canadian Revenue Agency can be a very stressful occurrence. That being said, being prepared, organized and transparent can turn a potentially overwhelming experience, into a straightforward, manageable interaction. Regardless of whether a mistake has been made or your business has been selected at random, you may want to contact your accounting or tax representative to help ensure a smooth process. To help you take a proactive approach, here is a list of five things you can do when the CRA comes calling:
To learn more about tax controversy and what you can do to educate yourself on how to effectively navigate through an audit, contact Loren Kroeker.
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