ABOUT CRA TAX AUDITS
More and more Canadians are subjected to audits. With the economy down, the taxman’s cash flow is hurting, so be prepared. If you are a small business and don’t know how to keep proper records, or make a mistake on your tax return, expect to get audited. When the tax man comes calling it is because they intend to get money from you. While auditors do not yet have a specific written quota to fill, they are trained to get as much money as they can. You need protection.
If you get that brown envelope that tells you that CRA needs information from you, rest assured that they are fishing for money. What you need to do is retain an expert who has a track record of handling auditors and protecting deductions. Do not talk to auditors and do not let them in your home except to show them the area of your home you use for business. Sign a consent form with your representative so you don’t need to talk to the auditors.
Our highly experienced representatives will force CRA to back off from anything you are not legally required to pay.
Give me a call at 1-905-668-4816 and I can give you a plan of action. Call me today or email me at danwhite@danwhite.ca
Dan White