Tax audits are one of the scariest parts of our lives – irrespective of whether it’s our personal or business taxes that are being audited. Most of us think that the tax authorities are after us and that they will only go on to make our lives miserable by forcefully pointing out irregularities in our papers even if there are no glaring discrepancies as such.
Taxes don’t have to be scary!
However, what is the truth? Are the tax authorities really after us? Are they really going to “track us down” and “hunt us”? Are they after us only to penalize us? Don’t worry! If your tax papers are in perfect order then there is actually no need to worry about. If you have been a sincere tax payer then you need not really worry about the impending audit. Why only this one? You will be able to come out of all future CRA tax audits unscathed if you have been paying your taxes sincerely. Let us tell you that there is nothing to be scared of under such a scenario.
You will not be harassed unnecessarily
The CRA tax audits are not really performed to harass tax payers. No! They are not. They are conducted on a random basis where the names to be audited are selected on a lottery basis. Please make sure you are actually taking the trouble to educate yourself properly about these audits so that you can shun unnecessary fears surrounding this particular concept.
Tax audits: Be informed
Roping in reliable tax consultants would actually mean that you are better prepared to face the CRA tax audits. There, at once, is a string of benefits to be availed if you are getting reliable tax consultants on board. You are not required doing the complicated calculations on your own. There are no chances of missed opportunities of deductions. They will calculate deductibles correctly thereby putting back thousands of bucks in your pockets. Plus you will duly be informed about tax deadlines. Please make sure you are actually taking the trouble to investigate the credentials of these tax consultants and are selecting someone wisely. Do read reviews of the services offered by them and seek general recommendations from friends and other trusted sources as well. Be absolutely tension free. Sail through the CRA tax audits confidently with the help of a proficient tax consultant. Please make sure you are reading more articles as this one in order to stay informed.
