CRA Audit Assistance

CRA Audit Tax Accountant

CRA audits can be overwhelming and stressful for any taxpayer. Even the thought of getting audited by the CRA can be scary for many people. Tax Payers may panic and not handle the situation correctly. Source Accounting Professional Corporation can help you in such cases so the audit notification doesn’t feel like a punishment.

Our CPA Is Here To Help

Why Get Professional CRA Audit Help?

CRA audits can be very risky. CRA pursues the categories of taxpayers it finds to be at a higher risk of tax negligence. People at an increased audit risk involve individuals who work in the construction or restaurant industry, are self-employed, or have repeated losses from their business.

If not handled properly, a CRA audit can eat a massive chunk of your income. It may result in penalties and interest that can be devastating to your financial situation. For this reason, you should contact a professional for CRA audit assistance as soon as you receive the audit letter from CRA

What is the CRA Audit Process?

The audit usually starts when you receive a letter from CRA where they tell you about their intention to audit. This letter will put you on notice and outline the information it wants from you, like specific documents and details. After receiving this letter, you must make submissions that the auditor will review.

After reviewing the documents, the auditor may give you a green signal or determine that there is some problem. If there’s a problem, you’ll receive a letter that sets out the proposed reevaluation and the reason for it. This gives you another chance to submit the documents and dissuade the auditor.

Auditors don’t always respond or listen to your reasoning, which can be trouble for you. That’s why working with a professional from the beginning is always recommended. This will help you stand empowered during the audit process.

What we Can do?

Being audited by CRA can be an intimidating experience. And many make the costly mistake of representing themselves and end up volunteering too much information to make things more complicated. CRA auditors often make taxpayers feel defensive and vulnerable. Having someone with professional knowledge about the process and knowing your rights throughout that process can be empowering.

Don’t panic if you receive an audit letter from the CRA: Corporate, Personal, HST, WSIB, and other government-related programs. Source Accounting will be there to represent you during the entire auditing process. We can assist in preparation for the audits by planning and gathering the relevant documents with accuracy with your record to satisfy the audit.

Ready to take your financial goals to the next step? Simply get in touch with us! Sit back, relax, and we’ll take care of everything.

Benefits of Choosing Our
CRA Audit Assistance

Audits need to be very calculative and accurate, as a single error can cost hundreds of dollars. Make sure you work with a reliable CRA audit tax accountant like Source Accounting.

High-quality audit work

Our CPAs have years of experience in the market and consistently do the auditing work for various organizations and individuals. They have the necessary technical expertise, and they know how to do their job. By working with us, you don’t have to worry about the quality of work, as we make sure to give the highest quality of work while staying compliant.

Expert knowledge

Our team has the knowledge and experience that is required to solve the issues and get you out of the hassle. We compile all the essential documents and contact CRA on your behalf. We will represent you through the dispute process. We try our best to make the process a smooth one.

Hassle-free procedure

CRA audits can be very tiring and can make you stressed and difficult to focus on more critical business decisions. Our expert CRA audit assistance streamlines the process for you and makes you legally more visible. By choosing our audit services, you are free of worrying about CRA disputes, as we’re here to handle everything. You can put your concentration on growing your business.

CRA Audit Help: Accurate and Trouble-free Audit

Proper management of the CRA audit procedure is vital to financial management and to avoid any penalties. However, not many business owners are experts in this and make mistakes that cause them significant losses. However, you don’t need to worry; we’re here to help!

At Source Accounting, we’re a team of professionals dedicated to providing you with the most accurate and reliable CRA audit services in Mississauga and the whole GTA, so the audits are no longer a stress for you. Our decades of experience giving CRA audit help services span dozens of industries, including IT, real estate, medium-sized businesses, and start-ups.