Irrespective of however precise and accurate your tax returns may be filed, there is always a chance that CRA may decide to recheck your returns. Hiring tax audit help is always a good idea as it ensures more accurate filing of your returns and hiring experienced and professional people to do the job for you also guarantees hassle free relations with the CRA in case they do decide to audit your returns.

In many countries of the world usually the government files the taxes on the citizens, however in Canada the government allows individuals to file their own taxes based on self assessment of individual expenses and income. This system although allows individual to stay more in control of their tax filings however also indicates that CRA is required to review these filing from time to time.

To make this process transparent and honest they from time to time self audit returns submitted by individuals. The method through which individuals are chosen for CRA audit is based on fairness; that is people who are more likely to stretch the real facts when it comes to filing of taxes, however at times they even do pick random people to audit.

The main focus of CRA audit is to target self employed individuals and businesses, as salaried individuals have a rather clear cut tax return and mostly file their returns accurately. Also CRA may target specific industries and audit firms relating to it.

Choosing a well reputed and experienced tax expert company such as Tax SOS will ensure not only accurate filing of taxes but will also shield you from facing CRA in case of an audit an expert dealer of the firm gets on the job if the need arises and is present with you at all times during the audit phase.

The benefits that you can achieve through hiring tax audit help include

1? Relieving you off your stress while a professional expert takes matters into hands and take care offering the best possible solutions

2? Review all related documents and tax returns to check on any problem area

3? Using the highest appeal levels, defend your CRA filed returns on your behalf

4 ?Correspond on your behalf with the CRA

5? ?Attending and scheduling of all audit appointments with you and CRA.

Tax audit help also helps in avoiding any problem or stress in case of random CRA audit as honest and error free tax filing will automatically work in your favor even if you are chosen for tax audit.

The best thing about tax audit help is that you can file accurate returns, never get caught up in CRA audit and get all of this done at real affordable rates.? Not only are tax professionals proficient in dealing with the CRA as this is what they do all day, rather they also work up for you in all other kind of tax related problems thus resulting in saving you money in the long run. So whether you require tax audit help or some other tax related consultation, hire the best tax experts and get rid of your tax problem permanently.

Summary

Hiring tax audit help is the best way to avoid CRA audit as not only does it ensure honest and fair filing of returns but also makes defending your case in front of CRA easier in case they do decide to audit your returns. Tax audit help can easily take care of all matters leaving you stress free.

It is possible that you will receive notice that you are to undergo a tax audit and this can be for a variety of reasons. In some cases it will be because something was picked up in the tax return you entered, but it is just as likely to be because you were selected at random and there was nothing suspicious found in your file. You will want tax audit help whatever the reason for your selection. There is always the chance that they have indications that you have earned more than you have let the authorities know about.

It could be that interest from savings has not been declared and this is something you need to do as the bank is going to pass on this information and you do not want to undergo a CRA audit for such a simple mistake. Often there will not be an audit set in place right away, but rather you will be given the chance to agree to the new figures that will include the missing information. This is an easy way to deal with the issue, but there is the chance that you are right and they are wrong, so you will want to argue your case and it is at this stage that you should seek tax audit help.

You could find that there are disagreement when it comes to other areas of your business and the authorities are actually questioning the validity of some of your expenses. It is here that you will not want to go through the process of audit alone and will want tax audit help as the people providing it will have much greater knowledge than you have. Planning to put up your own defense will not be the best cause of action, as there could be a lot of money involved and a specialist will have more chance of winning the case and protected you from additional payments being made.

When you have tax audit help, there will be someone else who is looking at your return and picking up sections where you may have gone wrong. Not only will they be looking at the areas that are being questioned, but they may see things that you have forgotten to include, and the addition of this could mitigate any further payments you would have been expected to make. A CRA audit may actually become fairly easy and straightforward when you go into it with tax audit help.

While it would be preferable if you were not subjected to an audit, there are good reasons why they happen. Most people do work within the law when it comes to paying their taxes, but sadly there are some who do not and Tax Audit is the only vehicle available to the CRA in order to make sure that people pay the right amount of taxes.

If you are ever feeling uneasy thinking about tax audit, do not consider yourself alone. You may need tax audit help, you may subsist on fear about tax auditor behind you, it is necessary that you should be aware of all the hard facts of life. This can be of individuals or of businesses. CRA audit costs you more money and time.

It is an undeniable fact that tax audit might hit you anytime. Before a CRA auditor?knocks your door, you should come up with a better understanding of some important things. For example, understand the audit triggering factors, what does the audit process involves and how any audit firm can help you etc.

Tax audit help?comforts you of the tax auditor whoever does come in your door, It makes you ready for the situations.

What can CRA audit do?

In an effort to defend the justice of tax payment ,?Canada Revenue Agency audits HST/GST selectively. They ensure system integrity in Payroll returns, income tax returns, excise duties and excise taxes. The CRA audit conducts the audit in relation to the regulation or statutes that it direct.

How does the file of a CRA audit selected?

The CRA has recognized four general selection methods of files. These are:

1. Computer-generated lists
2. Audit projects
3. Leads
4. Secondary files

The choice of HST/GST returns for audit or examination depends on both the assessment of risk and hit and misses file selection.

How to avoid a CRA audit

Tax audit help offers a great support to your small business by saving your money and time in addition to relieving the stress that you will suffer in the case of CRA tax audit. There are some tips that might help you to stay off from the CRAs’ audit radar screen.

An audit is a review of your tax return records done by CRA to ensure the accuracy of your individual and business taxes. The CRA tax audit performs office audits or performs a field audit. It reviews records of your business.

You should always avoid an audit triggers that includes the reports of loss of consecutive years, particularly in case of personal enjoyment benefit in it. Tax audit help is important if your lifestyle does not match your reported income. Remember, underreported and unreported are the most important audit trigger.

Maintaining separate account for personal and business expenses leads to tax audit help. ?Keep all documentations and receipts of expenses that you need to claim.

Filing and paying taxes at an expected time is a great tax audit help. The late payment might lead to phone calls or meetings with the CRA audit. Always make sure your returns are perfect and comprehensive.

Consult an experienced Tax Accountant who will help you to be sure about the correct preparation of your financial account for CRA tax Audit. ?An experienced Tax Accountant??is well aware of the tax law and can suggest tax planning strategies. An experienced Tax Accountant?can help to calculate and suggest the lowest amount of tax you are obligated to pay with controlled risks of CRA tax audit.