Articles: Audit Representation

That envelope from the CRA just landed in your mailbox (or more likely, your digital inbox these days). Your notice of assessment has arrived — and whether you’re a small business owner or just filing personal taxes, this little document packs a punch. So what exactly is this notice of assessment, and why should you … Read more

Filing taxes can be taxing, even for small business owners who love numbers. That’s because Canada’s tax laws are always in a state of flux and changing from year-to-year. The Canada Revenue Agency (CRA) plays a vital role in ensuring the accuracy and compliance of tax filings. However, there are several common myths surrounding CRA … Read more

As a small business owner, you know the importance of staying on the right side of the Canada Revenue Agency (CRA) when it comes to tax preparation and filing. If the CRA audits you, it can cost you a substantial amount of time and money, not to mention the headaches and stress that come with … Read more

How Tax Professionals Can Help with CRA Representation and Audit Support Preparing taxes can be stressful at the best of times but dealing with the Canada Revenue Agency (CRA) and getting audited takes it to an entirely different level. If you’re a small business owner, independent contractor, or farm operator, and you’ve been incorrectly assessed … Read more

Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for the entire annual business … Read more

What a Tax Professional Can Do for Your Family Business Family businesses, big or small, are the backbone of the Canadian economy. In fact, approximately 80% of all businesses in Canada are family-owned. On top of that, family-owned businesses are responsible for the majority of the country’s gross domestic product (GDP). What are some of … Read more

5 Risk Factors That Can Cause a CRA Audit The 2016 tax season may officially be over and your tax refund may already have been deposited into the bank, but the Canada Revenue Agency (CRA) is only just getting started. If you happen to be one of the millions of Canadians who filed their taxes … Read more

Tax Season: How to Prevent an Audit by the CRA If there’s any one time you don’t want to draw attention to your small business or agribusiness it’s during tax season. In addition to ensuring your paperwork is in order and your taxes are prepared correctly, a growing number of business owners are worried about … Read more

CRA is mailing Notice of Assessments to taxpayers and small businesses and there are many that have attracted the attention of CRA to be selected for audit. In fact, in the future, there will be more audits and more focus on compliance and collecting tax debt. The Canadian Revenue Agency (CRA) has done a lot … Read more

More and more businesses are facing a CRA audit these days. Canada Revenue Agency (CRA) has especially ramped up audits of small- to medium-sized enterprises. Knowing how CRA selects taxpayers for audit, as well as what to expect during an audit, could make you better prepared if you’re singled out. Audits are nothing to fear if … Read more