Services
CRA Audits
Our CRA Audit services involve negotiating with the CRA auditor on your behalf to restrict the scope of the audit itself. We assist you throughout the CRA audit process so that the audit is finished promptly and you can go back to running your business, and living your life with minimum disruptions and worry.
What We Do
A CRA audit is a nail-biting process. One day you may receive a mail from the officials stating that your tax has been selected for examination. To keep it simple, this means your tax return is being audited. CRA audits can be a complete nightmare for many! Here’s how BBA Tax can help you:
Assisting in CRA audit
Represent you with CRA
Prepare documents and information required by CRA auditor
Prepare documents and information required by your lawyer
Correspondence with CRA (except for legal matters)
Review net worth assessment done by CRA
...and more!
Our Approach
A CRA audit is a difficult proposition. However, with professional guidance and assistance, you can complete the procedure quickly and effectively, reducing the stress that may be involved. BBA Tax’s experienced CRA Audit specialists have a proven track record of assisting clients in managing a CRA audit and dealing with any tax issues that may emerge.
Managing and expanding a company brings with it a slew of accounting, tax, and regulatory problems that require the help of a committed, strategic financial partner. At BBA Tax, we provide a wide range of tax, audit and accounting services. As experienced accountants, we interact with CRA auditors as your spokesperson throughout the audit. If you have one of our seasoned professional accountants on your side, the process will be considerably less stressful.
CRA Audit FAQ
General Questions
What is a CRA audit?
A CRA audit is an examination of your financial records by the Canada Revenue Agency to ensure that your income and expenses have been accurately reported and that you have complied with tax laws.
Why might I be audited by the CRA?
You might be audited for various reasons, including discrepancies in your tax returns, random selection, unusually high or low income compared to others in your industry, or business activities that the CRA considers high risk for tax evasion.
How will I know if I'm being audited?
The CRA will notify you in writing if you are being audited. This notification will typically outline the scope of the audit and specify the documents and information required.
Services and Benefits
What CRA audit defense services does BBA Tax offer?
BBA Tax offers comprehensive CRA audit defense services, including:
- Representation during the audit process
- Review and organization of financial records
- Preparation of responses to CRA inquiries
- Negotiation with the CRA on your behalf
- Assistance with post-audit appeals, if necessary
How can BBA Tax’s CRA audit defense services benefit me?
Our CRA audit defense services can help ensure that your audit is handled professionally and efficiently, minimize the stress and disruption to your life or business, and protect your rights. We aim to achieve the best possible outcome for your situation.
Do you offer CRA audit defense services for both individuals and businesses?
Yes, we provide CRA audit defense services for both individuals and businesses in Ottawa, addressing the unique needs and concerns of each client.
Security and Confidentiality
How do you protect my financial information during an audit?
We prioritize the security and confidentiality of your financial information. We use secure, encrypted software and follow strict privacy protocols to protect your data from unauthorized access.
Will my financial information be shared with anyone?
No, your financial information will remain confidential and will not be shared with anyone outside of BBA Tax without your explicit consent, except as required by law.
Process and Technology
What should I do if I receive a CRA audit notice?
If you receive a CRA audit notice, contact BBA Tax immediately. Our team will guide you through the next steps, review the notice with you, and start preparing your defense strategy.
What information do you need to assist me with an audit?
We will need access to your financial records, including tax returns, receipts, invoices, bank statements, and any correspondence from the CRA. Our team will provide a detailed checklist to ensure we gather all necessary documents.
How do you ensure the accuracy and thoroughness of my audit defense?
We employ a meticulous approach, thoroughly reviewing your financial records and identifying any discrepancies or issues. Our experienced team of accountants and tax professionals ensures that all responses to the CRA are accurate and well-documented.
Pricing and Engagement
How much do your CRA audit defense services cost?
Our pricing for CRA audit defense services varies based on the complexity and scope of the audit. We offer competitive rates and can provide a customized quote based on your specific needs. Book your FREE intro call with one of our tax experts to get started.
How do I get started with BBA Tax’s CRA audit defense services?
Getting started is easy! Book your FREE intro call with on of our experts today! We’ll discuss your audit notice and tailor our services to fit your requirements.