Our Other Services
NAVIGATING CRA AUDITS & BEYOND
FROM THE BOOKS TO THE
BOARDROOM & BEYOND
Our virtual team holds a variety of relevant certifications. Each individual on our team strives to obtain top certification in their field and is on a path of consistent growth. We practice what we preach and thoroughly enjoy expanding our skills to enhance our professional performance.
CRA Audit Services
Stress-Free Tax Compliance
INITIAL RESPONSE & PREPARATION
When you receive a notice from the CRA, timely and professional action is essential. We handle all communication with the CRA on your behalf, ensuring that your records are meticulously organized and that you’re fully prepared to present accurate documentation.
Our team works closely with you to gather the necessary data, reducing stress and providing peace of mind.
AUDIT REPRESENTATION & SUPPORT
Our experts guide you through every step of the audit process, whether it’s an on-site or remote audit. We manage all interactions with CRA auditors, ensuring that your business complies with their requests while minimizing disruption to your operations.
From responding to inquiries to providing detailed financial reports, we stand by your side until the audit is completed.
POST-AUDIT SOLUTIONS & REASSESSMENTS
Once the CRA completes the audit, we help you interpret the results, including any reassessments or additional tax liabilities. If necessary, we assist with filing objections or disputes.
Our goal is to help you resolve any issues quickly and efficiently, so your business can move forward with confidence. We also provide proactive advice to help you avoid future audits and improve tax compliance.
Facing a CRA audit can be daunting, but with our experienced team by your side, we ensure you're fully prepared every step of the way. Our specialized CRA audit services are designed to help businesses and individuals navigate the audit process smoothly, minimize risks, and achieve the best possible outcomes.
CRA Audit FAQ
What is a CRA audit?
A CRA audit is a review of your financial records by the Canada Revenue Agency (CRA) to ensure your taxes are reported accurately and comply with Canadian tax laws. The CRA may audit both individuals and businesses to verify the accuracy of income, deductions, credits, and other tax claims.
Why was I selected for a CRA audit?
There are several reasons why the CRA may choose to audit you, including discrepancies in your tax returns, unusual deductions, random selection, or industry-specific reviews. Being audited does not automatically mean there’s an issue with your taxes, but it’s essential to respond promptly and correctly.
How long does a CRA audit take?
The duration of a CRA audit depends on the complexity of your tax situation and the responsiveness of the taxpayer. Simple audits may take a few weeks, while more complex cases can last several months. Our team works to minimize delays by handling all communication with the CRA on your behalf.
What documents do I need for a CRA audit?
Typically, the CRA will request financial records such as income statements, expense receipts, bank statements, and any supporting documents for deductions or credits claimed. It’s essential to provide accurate and complete information to avoid further complications. We can help you organize and prepare your documents for submission.
What happens if I disagree with the CRA's audit findings?
If you disagree with the CRA’s audit results, you have the right to file an objection and dispute the findings. This process involves submitting a formal notice of objection, which our team can assist you with, ensuring the best possible outcome for your case.
Can you help me reduce CRA audit penalties?
Yes! We specialize in reducing penalties and interest resulting from a CRA audit. By reviewing your situation thoroughly, we identify opportunities to minimize fines, negotiate payment plans, or, in some cases, eliminate penalties altogether through various CRA relief programs.
How much does CRA audit representation cost?
The cost of CRA audit representation varies based on the complexity of your case and the services required. We offer a free consultation to assess your needs and provide a transparent fee structure, so you know exactly what to expect.
What are the consequences of ignoring a CRA audit?
Ignoring a CRA audit can lead to serious consequences, including reassessments, fines, penalties, and in severe cases, legal action. It's crucial to address audit requests promptly and properly. Our team ensures that you stay compliant and avoid the costly consequences of non-compliance.
Can you help with a tax dispute after the CRA audit?
Yes, we can assist you with CRA tax disputes. If you believe the CRA's audit results are incorrect, we can help you file an objection, present evidence, and represent you throughout the appeal process to achieve the best resolution.
How can I schedule a free consultation for CRA audit help?
You can schedule your free consultation by clicking the "Get a Quote" button at the bottom of this page or by visiting our Contact Us page. During the consultation, we’ll review your situation, answer any questions, and explain how we can assist you through your CRA audit process.
Fractional CFO Services
Sustainable Growth & Financial Stability
FINANCIAL CONSULTATION & MANAGEMENT
Whether you need a little bit of help or a lot of help, we are willing to work with you.
We offer live bookkeeping, file review and clean-up, accounts payable, accounts receivable, payroll and year end file preparation.
REVENUE STREAM DIVERSIFICATION
We understand the importance of having multiple streams of income to withstand market fluctuations and drive long-term success.
Our tailored strategies explore and implement diversified revenue sources to maximize opportunities and mitigate risks. We unlock new avenues for sustainable growth and financial stability.
BUDGETING & COST ACCOUNTING
Strategic financial planning plays a critical role in driving success.
Our tailored solutions empower you to establish robust budgets, make informed decisions, and pave the way for sustainable growth. We leverage sophisticated tools and proven methodologies to craft budgeting strategies aligned with your growth aspirations.
Strategic financial leadership on demand, ensuring your company’s growth and profitability. Experience the perfect balance of expertise and flexibility tailored to your unique needs
Fractional COO Services
Optimized Performance For Accelerated Growth
START_UP CONSULTATION
Embark on your entrepreneurial journey with confidence and expertise.
Our tailored consultation services are designed to guide aspiring entrepreneurs through every stage of their start-up journey, empowering them to build a strong foundation for success.
ORGANIZATIONAL MANAGEMENT
Whether you need a little bit of help or a lot of help, we provide structure and guidance.
Our diverse team of experts assist with everything from designing processes to implementation.
Inventory Management
Our team works closely with you to understand your business requirements and design a customized inventory management solution. We implement industry-leading technologies and best practices to streamline processes, minimize disruptions, and deliver measurable results from data-driven insights.
Streamline your operations and drive efficiency with top-tier operational leadership tailored to your business. Harness the expertise you need to optimize performance and accelerate growth.
Change Management
Seamless Transitions & Sustainable Transformations
DIGITAL TRANSFORMATION SERVICES
Innovative solutions that revolutionize business operations.
Our tailored solutions are designed to streamline processes, enhance accuracy, and pave the way for unparalleled efficiency. We leverage state-of-the-art technologies and tailor-made strategies to facilitate a seamless transition to digital processes.
PROFESSIONAL & TEAM DEVELOPMENT
Unlock the full potential of your organization with our comprehensive Professional and Team Development Services.
Our programs are designed to foster growth, enhance collaboration, and drive success in today's competitive business environment. Whether you're looking to improve leadership skills or boost team performance, we have the expertise to help you achieve your goals.
EXPANSION STRATEGIES
Change is constant and critical for growth. We empower companies to effectively navigate transitions, mitigate resistance, and embrace change to achieve desired outcomes.
Our consultancy services are tailored to unlock your potential and steer you towards success. Let us help you navigate organizational transformations with confidence.
Navigate change with confidence as we transform disruption into opportunity. We guide your business through periods of change and growth, encouraging sustainable transformations with tailored strategies.
