Cra Audit Help

A tax audit can be initiated by some problems with tax return or CRA can randomly select a tax return for an audit. There are a number of checks and balances and CRA looks like and if any of them raise a red flag, they come knocking on your door. One of the reasons for the audit is that the reported income is different from what CRA found out from their other sources. For instance, when you forget to include your earnings from a saving account. Your bank reports this information to the CRA and they will contact you to find out why the figures differ. They will inform you, that they made changes to the tax return. They will give you the option either to accept the changes or to dispute. In some rare cases you should accept it, but it often happens, that CRA makes mistakes and you must fight for your money. Most such cases are easy to resolve.

On the other hand, many audits are fairly harder. They may question the cogency of your business expenses or other amortizations. A professional help is required to prove that your expenses were necessary or the changes, that the CRA had made, were incorrect. In such cases, a letter to the CRA will not be enough to defend you. The best choice is to hire a tax audit specialist to protect your money.

A tax specialist can review your problem closely, check your tax return, revenues and study the industry and fight to defend your expenses. We will also review different areas to calculate if there are extra amortizations to compensate any extra tax. Tax lawyers assist individuals and small businesses.

Get your first free online consultation with our Tax Specialist today. If you have any questions, simply fill out the form Here to schedule an appointment. FREE consultation