Canada Revenue Agency: a name enough to give you enough troubles and headaches. Individuals and businesses most likely want to avoid an official review and/or audit letter from this organization.
Are you keeping your accounting and financial data up to date? Are you filing your personal or corporate taxes on time? Are you claiming your tax-benefits? CRA oversees taxes, tax-benefits, and tax-programs for Canadians.
CRA audits are conducted to verify businesses and individuals are complying with their tax obligations, ensuring accurate implementation of tax laws and regulations. By employing a professional accounting and tax service provider, individuals and businesses can keep their interests aligned with CRA, while taking maximum tax-benefits.
Tax reviews and audits conducted by the CRA can be intimidating and time-consuming, requiring meticulous attention to detail and a thorough understanding of tax-matters. At ATA Professional Corporation, we specialize in providing expert, legal assistance to individuals and businesses navigating CRA Canada tax reviews and audits.
Our team of seasoned tax professionals at ATA Professional Corporation is well-versed in the intricacies of Canadian tax laws and regulations. Whether you are facing a routine tax review or a full-scale audit, we are committed to helping you navigate the process with confidence.
The Canada Revenue Agency may initiate a review or audit for various reasons –
During a tax review, the CRA may request additional information or clarification regarding certain aspects of a taxpayer’s tax return. During an audit, auditors may conduct interviews, review financial documents, and perform detailed examinations of the taxpayer’s books and records to assess compliance with tax laws.
You’ll receive a notice outlining the information required, possibly accompanied by a detailed audit questionnaire. However, auditors may request additional information during the process. It’s advisable to seek professional assistance early on, as auditors may not always be receptive to your explanations for how you filed your returns.
Our seasoned tax professionals can advocate on your behalf during the audit process, engaging in necessary legal procedures to address any issues pertaining to your returns. You have a limited window to file a Notice of Objection.
Our team of tax professionals will provide expert guidance and advice at every stage of the process –
As experienced tax advisors, we have the necessary knowledge and resources. Call now and schedule your consultation with one of our tax consultants at ATA Professional Corporation today!
