The dos and don’ts for businesses when dealing with a tax audit

To help you prepare for the prospect of a government audit of your one of your clients, Chartered Professional Accountants of Canada (CPA Canada) is providing you with easy access to a helpful article on this topic from MNP LLP.

If the Canada Revenue Agency (CRA) wants to audit one of your clients, what is the best way to respond? Discover the essential steps to take to ensure a smooth and seamless auditing process with this MNP LLP article, “What do you do when the taxman calls?” Published Jan. 20, 2014 on Tax Insights, the organization’s digital hub of articles and blogs on tax issues affecting businesses, the article explains what to expect from the auditing process, and features several practical tips for effectively navigating a CRA audit, including:

  • why you should hold the audit outside your office
  • the importance of reviewing the auditor’s work
  • considerations for appealing a tax assessment