We provide services to assist individuals and businesses with appeals and audits conducted by the Canada Revenue Agency (CRA). These services aim to help clients navigate the audit process, address any issues raised by the CRA, and work towards a favorable resolution. Here are the key services provided:
1. Audit Representation: We can represent clients during all stages of a CRA audit. This includes acting as the point of contact with CRA auditors, managing document requests, and facilitating communication between the client and the CRA.
2. Document Compilation and Review: Assisting clients in gathering and organizing the necessary financial and tax documents requested by the CRA to ensure completeness and accuracy.
3. Audit Defense: Providing a thorough review of the audit findings and helping clients understand the CRA's position. We assess the validity of the CRA's claims, identify discrepancies, and formulate a defense strategy.
4. Tax Compliance and Correction: Assisting clients in addressing any identified tax compliance issues or errors, including preparing amended tax returns if necessary to rectify inaccuracies.
5. Negotiation and Communication: Engaging in negotiations with the CRA on behalf of the client to resolve disputes, address tax assessments, or negotiate a payment plan.
6. Voluntary Disclosure Program (VDP) Assistance: Advising clients on the CRA's Voluntary Disclosure Program, which allows taxpayers to come forward voluntarily to correct errors or omissions in their tax filings and potentially avoid penalties or prosecution.
7. Appeals and Dispute Resolution: Representing clients in appeals to challenge CRA assessments or decisions. This may involve preparing formal notices of objection and presenting the case before the CRA's Appeals Division or the Tax Court of Canada.
8. Penalty and Interest Abatement: Requesting the abatement or reduction of penalties and interest charges imposed by the CRA due to tax non-compliance.
9. Tax Strategy Planning:- Offering proactive tax planning strategies to help clients reduce the risk of future audits or tax disputes and ensure ongoing compliance with tax laws.
10. Record-Keeping and Documentation Guidance:- Advising clients on best practices for maintaining accurate and organized financial records to facilitate future audits and compliance.
These services are valuable for individuals and businesses facing CRA audits or disputes, as they can help navigate complex tax matters, protect taxpayer rights, and work towards a favorable resolution. Choosing an accounting firm with expertise in tax controversy and dispute resolution can be essential for effectively managing interactions with the CRA and minimizing financial and legal risks.
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