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So the Canada Revenue Agency (CRA) has contacted you. You’ve been selected for an audit. If you’re first response is to go into stress mode, you’re not alone. Here are five helpful tips to consider NOT doing when you find out you are being audited:
While an audit can leave you feeling vulnerable and the task of navigating through it can feel overwhelming, it’s important to remember however, that it is in no way personal. A fairly wide net is cast when selecting individuals or businesses for the audit process. While audits can create frustration and anxiety, it’s best to be as proactive and informed as possible so that you can get back to doing what you do best – which is running your business.
Related Topics:Audit; Canada Revenue Agency
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